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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