House of Cards

  • by William Cohan
  • Narrated by Alan Sklar
  • 25 hrs and 16 mins
  • Unabridged Audiobook

Publisher's Summary

In March 2008, Bear Stearns, a swashbuckling 84-year-old financial institution, was forced to sell itself to JPMorgan Chase for an outrageously low price in a deal brokered by Treasury Secretary Henry Paulson, who was desperately trying to prevent an impending catastrophic market crash. But mere months before, an industry-wide boom had "the Bear" clocking a record high stock price. How did a giant investment bank with $18 billion in cash on hand disappear in a mere 10 days? In this tour de force, Cohan provides a minute-by-minute account of the events that brought America's second Gilded Age to an end. Filled with intimate portraits of the major players, high-end gossip, and smart financial analysis, House of Cards recounts in delicious narrative form the dramatic events behind the fall of Bear Stearns and what it revealed about the financial world's progression from irrational boom to cataclysmic bust. House of Cards is the Rosetta Stone for understanding the dramatic and the unprecedented events that have reshaped Wall Street and global finance in the past two years.


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Customer Reviews

Most Helpful

Riveting "Read" About Credit Crisis

Cohan has written a riveting "read" about the fall of an American financial powerhouse. Using almost no jargon, he tells the story of how 84 year old Bear Stearns fell virtually overnight. He does so in small easily accessable increments which, eventually, provides the reader with a cogent whole picture. Highly recommended for anybody with even a marginal interest in how the credit crisis came to be.
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- Thomas "I'm an attorney who loves, and needs, an occasional escape from the rigor and stresses of law. My interests and tastes range wide."

Riveting, interesting, learned alot

This is the story of Bear Stearns. The narrator has a "fly on the wall" approach. I felt like I was in the room and getting to know all the players. I know very little about Wall Street but in this economy my interest in how the economy works (or doesn't work) has become very interesting to me and this book is very timely. After listening to this book, almost non-stop, I am starting to understand what is going on. I am sure I have enough knowledge to "predict" as well as the "CNBC" talking heads what is going on.

Anyway I highly recommend. I love books that read like novels---this one.
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- roberta Kane

Book Details

  • Release Date: 04-10-2009
  • Publisher: Tantor Audio