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House of Cards : A Tale of Hubris and Wretched Excess on Wall Street by William D. Cohan is a history book available to read on EtoBox.

What is House of Cards : A Tale of Hubris and Wretched Excess on Wall Street about?

On March 5, 2008, at 10:15 A.M., a hedge fund manager in Florida wrote a post on his investing advice Web site that included a startling statement about Bear Stearns & Co., the nation’s fifth-largest investment bank: “In my book, they are insolvent.” This seemed a bold and risky statement. Bear Stearns was about to announce profits of $115 million for the first quarter of 2008, had $17.3 billion in cash on hand, and, as the company incessantly boasted, had been a colossally profitable enterprise in the eighty-five years since its founding. Ten days later, Bear Stearns no longer existed, and the calamitous financial meltdown of 2008 had begun. How this happened – and why – is the subject of William D. Cohan’s superb and shocking narrative that chronicles the fall of Bear Stearns and the end of the Second Gilded Age on Wall Street. Bear Stearns serves as the Rosetta Stone to explain how a combination of risky bets, corporate political infighting, lax government regulations and truly bad decision-making wrought havoc on the world financial system. Cohan’s minute-by-minute account of those ten days in March makes for breathless reading, as the bankers at Bear Stearns struggled to c

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

Author

William D. Cohan

Publisher

Bantam Doubleday Dell Books for Young Readers

Published

2009

Language

EN

ISBN

9780385528269

Category

history

Subjects

Finance, Economics, Fiction

Rating

3.89 / 5 (5,323 ratings)

Updated

2026-03-14