A tale of hubris and wretched excess on wall street, and the last tycoons. The best part that i liked about the style of narration is while the wall street stories emerging post the subprime crisis are plentiful, reading about them at length. House of cards by william d cohan books the guardian. At the beginning of march 2008, the monetary fabric of bear stearns, one of the worlds oldest and largest investment banks, began unraveling. See the complete profile on linkedin and discover william d. House of cards by william d cohanruth sunderland enjoys a devastating account of the foulmouthed, moneygrabbing men responsible for bear stearns collapse. A tale of wretched excess on wall street ranks with bethany mcleans the i have absolutely no background in business or finance, but the upsanddowns of the markets fascinate me. Cohan makes clear in his engrossing new book, house of cards, bear stearns is also a kind of microcosm of what went wrong. Feb 26, 20 from idealistic howard dean staffer to lead writer of a show likened to a political version of the wire, the 35yearold tells thr how hes built a career on revealing washingtons seedier side. Cohan tracks the firms dizzying rise and rapid collapse. That book also received the financial times goldman sachs award.
Cohan s superb and shocking narrative that chronicles the fall of bear stearns and the end of the second gilded age on wall street. The house of cards a tale of hubris and wretched excess on wall street william d. See how this article appeared when it was originally published on. He spent six years at lazard freres in new york, then merrill lynch, and later became a managing director at jp morgan chase. Join facebook to connect with william cohan and others you may know. He then worked on wall street for seventeen years as a mergers and acquisitions banker. Here are the three books in the trilogy for one low price. Cohan says his mission is to get a response to questions left unanswered by wall street ceos.
Cohan doubleday, 2009 powerpress house of cards describes in rich detail the rapid and complex series of events that led to the downfall of bear stearns in march 2008. If you are like me or seemingly half of america you spent most of valentines day weekend bingewatching the second season of house of cards. Cohan paints a picture of character over integrity, forcefulness and personality over knowledge and regulation. House of cards by william cohan ft business book of the.
Cohan gets inside the companys spectacular collapseand details how a shocking newspaper story about the ceo. A tale of hubris and wretched excess on wall street by william d. Cohan house of cards how wall streets gamblers broke capitalism. Cohan house of cards a tale of hubris and wretched excess on wall street 1st edition 1st printing hardcover new york doubleday 2009 near fine in. Cohan does an excellent job in capturing the culture of bear. The immensely popular netflix series house of cards is based on book 1 of the parliamentary novels by the same name. How wall streets gamblers broke capitalism by william d.
From the bestselling, prizewinning author of the last tycoons and house of cards, a revelatory history of goldman sachs, the most dominant, feared, and controversial investment bank in the world. A tale of hubris and wretched excess on wall street. In march 2008, bear stearns, a swashbuckling eightyfouryearold financial institution, was forced to sell itself to jpmorgan chase for an outrageously low price. Cohan, a former senior wall street investment banker and a contributing editor at vanity fair, is the author of the price of silence. In house of cards bestselling author and former investment banker william cohan gives the reader a frontrow seat at wall streets catastrophic unravelling at the seams, and the end of the second gilded age on wall street.
He writes for the financial times, fortune, the new york times, the washington post, the daily beast, and appears frequently on cnbc. A tale of hubris and wretched excess on wall street consists of a riveting, daytoday, blowbyblow account of those dramatic ten days. How wall streets gamblers broke capitalism by cohan, william d. Facebook gives people the power to share and makes the. A tale of hubris and wretched excess on wall street, william d. Cohan, a former senior wall street investment banker, is the. William david cohan is an american business writer. How pot helped destroy bear stearns the daily beast. How wall streets gamblers broke capitalism dissects the collapse of bear stearns and the beginning of the financial crisis. It could be said that we are the people in the mortgage industry who are th. He is an online columnist for the new york times, and writes frequently for vanity fair, fortune, artnews, the financial times, the washington post and the daily beast. A tale of hubris and wretched excess on wall street kindle. Cohan, 31, graduated cum laude from duke university and has masters degrees in journalism and business from columbia.
The new york observer cohan vividly documents the mix of arrogance, greed, recklessness, and pettiness that took down the 86yearold brokerage house and. It was wall streets toughest investment bank, taking risks where others feared to tread, run by testosteronefuelled gamblers who hung a sign saying lets make nothing but. Cohan is the author of the new york times bestsellers house of. In house of cards bestselling author and former investment banker william. May 30, 2014 william d cohans latest book is the price of silence.
Cohan makes clear in his engrossing new book, house of cards, bear stearns is also a kind of microcosm of what went wrong on. Dec 04, 2014 no modern american lawmaker has made more political hay out of bashing wall street than senator elizabeth warren, the massachusetts democrat in her continuing campaign to keep other national politicians off her political turf, she introduced a bill in july 20 the 21stcentury glasssteagall act aimed at replicating the famous 1933 law that separated investment and commercial banking. A tale of hubris and wretched excess on wall street is the second book written by william d. Cohans house of cards is not intended to walk us through every nook and cranny of the housing crisis, or even the systemic mess that took place across wall street. House of cards, book 1 the dark, twisting schemes of a politician determined to succeed. Get it today with same day delivery, order pickup or drive up. Cohans house of cards is a very interesting and detailed account on the reasons behind the infamous bear sterns meltdown. Mar 11, 2014 the book differs from the netflix television series but still provides an excellent read. A blistering narrative account of the negligence and greed that pushed all of wall street into chaos and the country into a financial crisis. The new york observer cohan vividly documents the mix of arrogance, greed, recklessness, and pettiness that took down the 86yearold brokerage house and then the entire economy. This is a 450page playbyplay of the fall and rise of bear stearns in particular. Jan 01, 2009 house of cards tries to tell the complete tale of the rise and fall of bear sterns. He worked on wall street as a senior mergers and acquisitions banker for 15 years.
Cohan and a great selection of related books, art and collectibles available now at. House of cards is fastmoving, revelatory and brilliant. Many people are confused about recent events, but house of cards is a wonderful place to start to learn. Cohan, a former investigative reporter in raleigh, n. Cohan explores how american universities are a microcosm of the corruption and injustice in society.
This book is so rich, so flavorful, so instructive, and so fully and compelling cast that. Cohan brings to this enormous failed enterprise in his book, house of cards. After ten days, the bank no longer existed, its assets sold under duress to rival jpmorgan chase. Anyone who still retains such antique illusions will lose them in fewer than 10 pages into house of cards. Season five available in dvd ship this item qualifies for free shipping buy online, pick up in store is currently unavailable, but this item may be available for instore purchase. Having worked at bear stearns from 19901996, i have a real appreciation for the depth of penetration william d. William d cohan on wall street whistleblowers financial times.
House of cards by cohan abebooks shop for books, art. A blistering narrative account of the negligence and greed that pushed all of wall street into chaos and the country int. A tale of hubris and wretched excess on wall street is a tale of bear sterns, beginning in 1923 and ending in march 2008 with their acquisition by jp morgan nyse. House of cards, a card construction game designed by charles eames operation house of cards, an extensive strike by israel in syria against iranian targets, on may 10, 2018 this disambiguation page lists articles associated with the title house of cards. He is a contributing editor at vanity fair, has a biweekly opinion column in the new york times, and writes frequently for the financial. It is too early to say who will emerge as the definitive chroniclers of this crisis, but this book by william d cohan, a former senior investment. Cohan beautifully demonstrates why the seemingly invincible wall. William david cohan born february 20, 1960 is an american business writer. Cohans profile on linkedin, the worlds largest professional community.
For those who love politics and the game of banking this novel is a solving puzzle and let you know how wall street controls the economy and how financial crisis clinches the value of money. In a talk about the book at cal state long beach, cohan said he felt it was his mission to get a response to questions left unanswered by wall street ceos. His access to bear stearns insiders is the books strongest point. Michael dobbs has wowed readers with his bestselling house of cards trilogy, which inspired the hit series on netflix. He has written three books about business and econom. A tale of hubris and wretched excess on wall street paperback cohan, william d author feb092010 paperback 09feb2010 by william d cohan.
A tale of hubris and wretched excess on wall street 2009. When bankers started playing with other peoples money the. Bear stearns serves as the rosetta stone to explain how a combination of risky bets, corporate political infighting, lax government regulations and truly. Click and collect from your local waterstones or get free uk delivery on orders over. House of cards by william cohan house of cards by william cohan pdf download is a great political fiction novel which remains bestseller in the market is now available on freebooksmania. A tale of unrestrained ambition, billiondollar fortunes, byzantine power struggles, and hidden scandal, and more on.
Cohan has constructed a vivid narrative that looks behind the veil of secrecy to reveal how goldman has become so profitable and so. Cohan sets out to give the reader an inside story of exactly what happened to bear stearns, an investment bank that collapsed in march 2008. In this superb and shocking narrative, cohan chronicles the fall of bear stearns and the end of the. Through the prism of bear stearns, he shows how a combination of risky bets, corporate political infighting, lax. And, as became commonplace in many books on the 2008 financial crisis, you can expect a heavy dose of backstabbing and drama among the key players. Last september, as wall street turned to rubble and panic threatened to come unleashed, ken lewis, the ceo of bank. William cohan, a former investment banker, gives us in house of cards a chilling, almost minutebyminute account of the.
Cohan begins his important, riveting book house of cards by diving straight into the titanic firms last days, letting readers experience the confusion, disbelief. House of cards goodreads meet your next favorite book. Michael became lord dobbs of wylye in december 2010 after a long career in and around politics. He is an online columnist for the new york times, and writes frequently for vanity fair, fortune, artnews, the financial times, the washington post and the. A tale of hubris and wretched excess on wall street 9780385528269 by cohan, william d. His narrative mainly consists of interviewing direct participants with jimmy cayne, the former head of bear, obviously being the most prominent figure. Cohan, former senior wall street investment banker, is the author of the new york times bestsellers house of cards and the last tycoons. A tale of hubris and wretched excess on wall street kindle edition by william d.
March 29, 2011 steve brodner the final days of merrill lynch. House of cards, to play the king, and the final cut. Read house of cards a tale of hubris and wretched excess on wall street by william d. The original 1989 novel is a political thriller with a heroine reporter relentlessly pursuing the truth to expose the corrupt doings of a machiavellian politician with an ambitious desire to usurp the position of prime minister by any means necessary including murder. The book is extremely entertaining and full of interviews and quotes, clearly a testament to an enormous amount of research. He was an investigative reporter for the raleigh times.
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