Book description
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 crisis
- Offers the insights of experienced professionals-from Alan
Greenspan to prominent bankers and regulators-who were on the
front lines
- Created 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.
DAVID FABER, an Emmy, Peabody, and duPont Award
winner, is the anchor and coproducer of CNBC's acclaimed original
documentaries and long-form programming as well as a contributor to
CNBC's Squawk on the Street. He has been reporting on Wall Street and
corporate America for over twenty-two years, sixteen of them as the
foremost reporter at CNBC. Faber has broken numerous stories including
the massive fraud at WorldCom and News Corp.'s hostile bid for Dow
Jones. He was a founding member of CNBC's signature morning show,
Squawk Box. Faber also blogs at FaberReport. cnbc. com.
