All the Devils Are Here : The Hidden History of the Financial Crisis (Hardcover)

from Juva

A detailed and easy(ish) to follow account of the mortgage crisis. The author did a good job of going back to the roots of the problem and following it through it's various permutations. As a person who rarely thinks about investment and high financial matters, it was pretty terrifying to see jus...

from Chatterbox

I'm not quite sure what makes this book, as the subtitle proclaims, the "hidden" history of the financial crisis -- by now, all the avenues the author explores have been fairly well trodden. Their biggest contribution is probably to pull everything together and synthesize it, thus saving readers ...

from the.ken.petersen

People refer to economics as a science. A science can, and does, go off the rails occasionally, but once its errors are discovered, the lesson is learned: not so with economics. There is a sentence, towards the end of the book which so perfectly sums up the financial sector: "Much of what took pl...

from rivkat

Covers both mortgage fraud and securitization follies, though with substantially more emphasis on the latter. Argues that though Fannie and Freddie Mac were wrongly blamed by certain groups (Republicans) for causing the mortgage crisis by encouraging loans to subprime borrowers, they were causall...

from pidgeon92

Honestly, I still have a hard time understanding CDOs, SIVs and credit default swaps, but this is an excellent report on how things went so very wrong. The narrator of the audiobook version was superb.