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House of Cards: A Tale of Hubris and Wretched Excess on Wall Street

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 : House of Cards: A Tale of Hubris and Wretched Excess on Wall Street

List Price: $16.95
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Binding: Paperback
Dewey Decimal Number: 332.660973
EAN: 9780767930895
Edition: 1 Reprint
ISBN: 0767930894
Label: Anchor
Manufacturer: Anchor
Number Of Items: 1
Number Of Pages: 608
Publication Date: February 09, 2010
Publisher: Anchor
Release Date: February 09, 2010
Studio: Anchor

Features:
  • ISBN13: 9780767930895
  • Condition: New
  • Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed



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Editorial Review:

Product Description:
A blistering narrative account of the negligence and greed that pushed all of Wall Street into chaos and the country into a financial crisis.
 
At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 5 out of 5 stars - WARNING: This book may cause uninhibited laughter!
David Ellis Dickerson is a man of many talents. One of his talents is writing - evidently anything from greeting cards to memoirs. However, none of his talents seem transferable to the corporate world, as outlined in the hilarious and poignant memoir, //House of Cards//.

At the age of twenty-six, the talented, witty, and literate Dickerson lands his "dream job," writing greeting cards for Hallmark. But it is soon apparent - from such indicators as receiving a disciplinary notice for ... Read More



Rating: 1 out of 5 stars - Blatant error on page 1 dooms book for this reader
Did you know that Wall Street is 2500 miles from Orlando Florida? Page 1 of this book tells us this.

The real distance is more like 1080 miles. Why should this error matter for a financial book? Fact checking is important, and if the author, editors, and publishers can't find an error this blatant and basic 2 lines into the narration, something is critically wrong.





Rating: 3 out of 5 stars - Wall Street will always be Wall Street
I respectfully disagree with several other reviewers who said this book was clearly written. It's clear perhaps for investment bankers. I have an MBA from a top business school and I got lost in the numbers and just skimmed them. The only numbers that really stood out for me were the compensation ones. What does one do with $20 million annual salary?

Even if the numbers weren't completely accurate, William Cohan gives the reader a good sense of the Wall Street culture and personalities. ... Read More



Rating: 4 out of 5 stars - Very detailed review of the fall of Bear Sterns
I think this book should have a disclaimer on the front that warns potential readers of its detail. I would not recommend this book for those who are not marginally familiar with investment banks and the way they make money. The book is written like an interesting term paper using interviews with key players and technical writing. As other reviewers have written, you will be reading with Wikipedia up on the computer and just glossing over certain sections that you do not understand. With that being said, ... Read More



Rating: 3 out of 5 stars - Lots of information but not enough insight
If you had asked me how I felt about House of Cards after I had read the first fifty pages I would have told you that the book is terrific. Cohan's very clear explaination of the beginnings of the Bear Stearns debacle are excellent. Few news sources recount precisely what caused the meltdown over mortgage-backed securities. The newspapers have been next to worthless. You hear about balloon mortgages, loose lending standards and a lot of confusing jargon and "trust" and "lack of faith," but never an explanation ... Read More