All The Devils Are Here: Unmasking the Men Who Bankrupted the World - Softcover

Bethany McLean

4.04

7,378 ratings by Goodreads

9780670920372: All The Devils Are Here: Unmasking the Men Who Bankrupted the World

Softcover

ISBN 10: 0670920371 ISBN 13: 9780670920372

Publisher: Portfolio Penguin, 2010

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The New York Times bestseller hailed as "the best business book of 2010" (Huffington Post).

As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?

According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together.

All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature.

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About the Author:

Bethany McLean and Peter Elkind are Fortune senior writers. McLean, a former investment banking analyst for Goldman Sachs, lives in New York City. Her March 2001 article in Fortune, "Is Enron Overpriced?," was the first in a national publication to openly question the company's dealings.

Review:

A business book that is as riveting as an adventure novel... a masterpiece * Huffington Post * When the financial crisis of this decade is being taught in business schools, All the Devils Are Here could be the textbook. * Time * Grand in scope, overwhelming in detail, this is as compelling as a well-crafted literary novel * USA Today * Yields a rich and intricate tableau of understanding * Financial Times * A thorough account of the origins of the financial crisis. Helps explain the most troubling headlines of the moment, as well as those that are certain to come. * New York Times * Joe Nocera is the best business writer alive * Jim Cramer *

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