In this superb and shocking narrative, Cohan chronicles the fall of Bear Stearns and the end of the Second Gilded Age on Wall Street. Cohan's minute-by-minute account of 10 days in March 2008, tells a chilling cautionary tale about greed, arrogance, and stupidity in the financial world, and the consequences for all of us.
Among the storied Wall Street banks, Lazard Freres & Co. stood apart until egos started to take over. This is a story of vaulting ambitions, whispered advice, ferocious power struggles, and enormous wealth--and, ultimately, the undoing of a powerful organization.
Cohan pulls back the curtain on Wall Streets secrets, revealing the unrestrained ambition, the battles for power, the hidden scandals, and the billion-dollar fortunes. Abridged. 5 CDs.
On the evening of March 16, 2008, Bear Stearns, a swashbuckling eighty-five-year-old institution in the financial world, sold itself for an outrageously low price to the $2 trillion global behemoth JP Morgan Chase. Bear Stearns no longer existed, and the calamitous financial meltdown of 2008 had begun. What went wrong? In "House of Cards", ...
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