(House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan

House of Cards A Tale of Hubris and Wretched Excess on Wall Street Free download Þ 104 Arns’ miserly take no prisoners chairman whose memos about re using paper clips were legendary throughout Wall Street; his profane colorful rival and eventual heir Jimmy Cayne whose world champion level bridge skills were a lever in his corporate rise and became a symbol of the reasons for the firm’s demise; and Jamie Dimon the blunt talking CEO of JPMorgan Chase who won the astonishing endgame of the saga the Bear Stearns headuarters alone were worth than JP Morgan paid for the whole company Cohan’s explanation of seemingly arcane subjects like credit default swaps and fixed income securities is masterful and crystal clear but it is the high end dish and powerful narrative drive that makes HOUSE OF CARDS an irresistible read on a par with classics such as LIAR’S POKER and BARBARIANS AT THE GATEWritten with the novelistic verve and insider knowledge that made THE LAST TYCOONS a bestseller and a prize winner HOUSE OF CARDS is a chilling cautionary tale about greed arrogance and stupidity in the financial world and the conseuences for all of Three stars just because it was w a a a a y over my head but I understood enough of it to be horrified

Free read House of Cards A Tale of Hubris and Wretched Excess on Wall StreetHouse of Cards A Tale of Hubris and Wretched Excess on Wall Street

House of Cards A Tale of Hubris and Wretched Excess on Wall Street Free download Þ 104 On March 5 2008 at 1015 AM 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 uarter of 2008 had 173 billion in cash on hand and as the company incessantly boasted had been a colossally profitable enterprise in the eighty five years since its foundingTen days later Bear Stearns no longer existed and the calamitous financial meltdown of 2008 had begunHow 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 systemCohan’s minute by minute After I read Too Big to Fail I just hadn t gotten enough stories about greedy assholes so I figured I d read this to angry up my blood some Actually Too Big to Fail began after the Bear Stearns meltdown so even though there was some background there I felt like I hadn t gotten the whole story so I picked this up to try and complete the picture The two books dovetail nicely with this one concentrating on the history of Bear Stearns and how it became the warning alarm that something bad was coming when it started circling the drain and had to be bought out by a joint deal between JP Morgan and the federal government It s got kind of an odd structure in that the first third of the book details the collapse of the firm and then the rest of the book gives the entire history of the company and how they got to that point I get that Cohan wanted to lead with the disaster part everyone was interested in but by saving the details on the history of the major players until the history in the rest of the book you don t really understand who the players were or the internal politics at play while they re all scrambling around It s a well documented book that gives you a pretty good idea of how a firm once known for being fairly conservative and one of the best at risk management became the first major domino to fall in the 2008 financial collapse It mainly seems like the leadership of the firm particularly CEO Jimmy Cayne became far concerned with bridge tournaments and playing golf than running an investment bank One of the things that made me scratch my head the most was the story of Ralph Cioffi Considered a dynamic salesman but with no patience or head for details Cioffi convinced Bear s leadership to let him launch a couple of supposedly conservative hedge funds At first the funds did well before 2008 while Cioffi s monthly statements always stressed that he was predicting a lot of future issues in the sub prime mortgage market and that the fund had less than 6% of those types of investments while he prepared to make a fortune off the coming crisis What this guy actually did was continue to buy sub primes until they made up 60% of the funds while telling everyone that disaster was coming to anyone holding the exact shit he was buying at the same time WTF I guess that s why I ll never be rich I just don t understand high financeAnyhow of the two books I d say that Too Big To Fail gave a better and complete picture of what happened during the meltdown but people interested in the subject or Wall Street shenanigans will probably find this well worth their time too

Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan

House of Cards A Tale of Hubris and Wretched Excess on Wall Street Free download Þ 104 Account of those ten days in March makes for breathless reading as the bankers at Bear Stearns struggled to contain the cascading series of events that would doom the firm and as Treasury Secretary Henry Paulson New York Federal Reserve Bank President Tim Geithner and Fed Chairman Ben Bernanke began to realize the dire conseuences for the world economy should the company go bankrupt But HOUSE OF CARDS does than recount the incredible panic of the first stages of the financial meltdown William D Cohan beautifully demonstrates why the seemingly invincible Wall Street money machine came crashing down He chronicles the swashbuckling corporate culture of Bear Stearns the strangely crucial role competitive bridge played in the company’s fortunes the brutal internecine battles for power and the deadly combination of greed and inattention that helps to explain why the company’s leaders ignored the danger lurking in Bear’s huge positions in mortgage backed securitiesThe author deftly portrays larger than life personalities like Ace Greenberg Bear Ste Goodreads needs a new Bookshelf TagAbandoned I struggled through half of this book for a week and a half and just couldn t do it any The first few pages are fascinating We get a behind the scenes look at the negotiations behind the collaspe and rescue of Bear Sterns It is unbelievable how these companies operate selling and borrowing on securities leveraged out the ying yang It was also excitingbefore most of us have hit the alarm billions of dollars have already been traded But the detail in the book is excruciating I felt like the author kept saying the same thing over and over and over I just couldn t devote any time to it


10 thoughts on “(House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

  1. says: Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan William D. Cohan Û 4 Free download

    (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan After I read Too Big to Fail I just hadn’t gotten enough stories about greedy assholes so I figured I‘d read t

  2. says: (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

    (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street A highly detailed and somewhat technical blow by blow of the demise of the venerable investment house Bear Ster

  3. says: Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan William D. Cohan Û 4 Free download Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street

    (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan I've read at least 6 other books about the financial crisis of the last 3 yearsThis is by far the worst of all The story starts on May 1st 1923and the author retells everything others have written and added a story of just about every cough sneeze and fart that occurred on Wall st since then This book clearly wasn't editedAt 430 painfully lo

  4. says: (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan William D. Cohan Û 4 Free download Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan

    Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan Goodreads needs a new Bookshelf TagAbandoned I struggled through half of this book for a week and a half and just couldn't do it any The first few pages are fascinating We get a behind the scenes look at the nego

  5. says: (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

    Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan William D. Cohan Û 4 Free download (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan While the Wall Street stories emerging post the subprime crisis are plentiful reading about them at length may not always be captivating for the common man And that is why each book is reuired to do something different tell something that the

  6. says: (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

    (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan The book appears to have been raced out and is somewhat disorganized covering much of the material twice It isn't a compelling read but if you

  7. says: Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan William D. Cohan Û 4 Free download (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

    Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street William D. Cohan Û 4 Free download Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan My fascination with the 2008 financial crisis is probably leaning towards the unhealthy side of the scale but I'm okay with that I will continue to read books and watch movies about it and continue to be shocked at how it all happened and the dumb decisions so many people made that allowed it to happen The final few sentences of th

  8. says: (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan William D. Cohan Û 4 Free download

    (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street William Cohan a former investment banker gives us in House of Cards a chilling almost minute by minute account of the 10 vertigo inducing days that one year ago revealed Bear Stearns to be a flimsy house of cards in a perfect stormHe shows how uickly rumors about liuidity led to a run on the bank and how fears that a bankruptcy of Bear Ste

  9. says: Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street William D. Cohan Û 4 Free download (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

    Free read House of Cards A Tale of Hubris and Wretched Excess on Wall Street (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan Read & Download ñ PDF, DOC, TXT or eBook Û William D. Cohan Three stars just because it was w a a a a y over my head but I understood enough of it to be horrified

  10. says: (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan

    (House of Cards A Tale of Hubris and Wretched Excess on Wall Street) PDF KINDLE ´ William D. Cohan As Robert Schiller wrote in Irrational Excuberance when you look at what Americans were reading in the 1930s there was a critical focus on books and writings about the economy and how the run on the banks had unfolded Starting in the beginning we see where the dust has settled and JP Morgan has bought out the

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  • Hardcover
  • 480
  • House of Cards A Tale of Hubris and Wretched Excess on Wall Street
  • William D. Cohan
  • English
  • 17 June 2019
  • 9780385528269