CNBC's David Faber takes an in-depth look at the causes and
consequences of the recent financial collapse
"And Then the Roof Caved In" lays bare the truth of the credit
crisis, whose defining emotion at every turn has been greed, and
whose defining failure is the complicity of the U.S. government in
letting that greed rule the day. Written by CNBC's David Faber,
this book painstakingly details the truth of what really happened
with compelling characters who offer their first-hand accounts of
what they did and why they did it.
Page by page, Faber explains the events of the previous seven
years that planted the seeds for the worst economic crisis since
the Great Depression. He begins in 2001, when the Federal Reserve
embarked on an unprecedented effort to help the economy recover
from the attacks of 9/11 by sending interest rates to all time
lows. Faber also gives you an up-close look at where the crisis was
incubated and unleashed upon the world-Wall Street-and introduces
you to insiders from investment banks and mortgage lenders to
ratings agencies, that unwittingly conspired to insure lending
standards were abandoned in the head long rush for profits.Based on
two years of research, this book provides deep background into the
current credit crisisOffers the insights of experienced
professionals-from Alan Greenspan to prominent bankers and
regulators-who were on the front linesCreated by David Faber, the
face of morning business news on CNBC, and host of the network's
award winning documentaries
From regulators who tried to stop this problem before it swung
out of control to hedge fund managers who correctly foresaw the
coming housing crash and profited from it, "And Then the Roof Caved
In" shows you how the crisis we currently face came to be.
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