Many books have now focused on the financial crisis, All The Devils Are Here, tells the story of the conditions that led up to the crisis.
Co-authors Bethany McLean and Joe Nocera say there's plenty of blame to go around, from Alan Greenspan – who failed to regulate banks despite mounting evidence of problems in the housing market – to the executives on Wall Street who put profits ahead of risk management and due diligence.
What’s clear is many of the problems started in the subprime market and were created by a little known billionaire Roland Arnall – the founder of mortgage lender Ameriquest.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
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“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”