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On September 30, 1938, British Prime Minister Neville Chamberlain
flew back to London from his meeting in Munich with German
Chancellor Adolf Hitler. As he disembarked from the aircraft, he
held aloft a piece of paper, which contained the promise that
Britain and Germany would never go to war with one another again.
He had returned bringing "Peace with honour--Peace for our time."
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.
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.
lso available as an eBook When David Faber talks, Wall Street listens. For nearly a decade, on CNBC's popular Squawk Box and in his own "Faber Report" segments, David Faber has broken many of the biggest stories to hit Wall Street, including the fraud at WorldCom and the collapse of Long-Term Capital Management. Now Faber has written the smartest, most innovative investment book to be published in years. It's part investment guide and part Wall Street tell-all. The book explains not just how to pick the stocks you want to invest in but how to avoid joining the "penguins" lining up for big losses. The Faber Report combines practical, down-to-earth investment advice with wild accounts of investor fraud, company misdeeds, corruption, and greed. Totally updated and revised for this paperback edition, The Faber Report is must reading for anyone who wants to profit in any kind of market. Whether you are a veteran of the markets or a novice, if you want to get your portfolio back in the black, this book is the best investment you'll make this year.
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