{"product_id":"and-then-the-roof-caved-in-isbn-9780470607381","title":"And Then the Roof Caved In","description":"\u003cb\u003eCNBC's David Faber takes an in-depth look at the causes and consequences of the recent financial collapse\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eAnd Then the Roof Caved In\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003ePage 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eBased on two years of research, this book provides deep background into the current credit crisis\u003c\/li\u003e \u003cli\u003eOffers the insights of experienced professionals-from Alan Greenspan to prominent bankers and regulators-who were on the front lines\u003c\/li\u003e \u003cli\u003eCreated by David Faber, the face of morning business news on CNBC, and host of the network's award winning documentaries\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFrom 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, \u003ci\u003eAnd Then the Roof Caved In\u003c\/i\u003e shows you how the crisis we currently face came to be.\u003c\/p\u003e  \u003cb\u003eAcknowledgments.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003ePrologue \"On the Verge\".\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Bubble to Bubble.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGreenspan's Shock and Awe.\u003c\/p\u003e \u003cp\u003eHouses Built on Cow Dung.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Home Sweet Home.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOpening Doors.\u003c\/p\u003e \u003cp\u003eAn Industry Is Born.\u003c\/p\u003e \u003cp\u003eSubprime Returns.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Subprime Machine.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom Delivering Pizza to Delivering Mortgages.\u003c\/p\u003e \u003cp\u003eLiving the Dream.\u003c\/p\u003e \u003cp\u003eDiving into Deep Trouble.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Eyes Wide Shut.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Warning Unheeded.\u003c\/p\u003e \u003cp\u003eA Dream No More.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Great Enabler.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFannie Mae and Freddie Mac Hit the Scene.\u003c\/p\u003e \u003cp\u003eFannie and Freddie Get a Timeout.\u003c\/p\u003e \u003cp\u003eWall Street Takes Over.\u003c\/p\u003e \u003cp\u003eA Tsunami of Mortgages.\u003c\/p\u003e \u003cp\u003eFrom Ownit to Out of It.\u003c\/p\u003e \u003cp\u003eBack from the Grave.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Complicity.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoody's the Money Maker.\u003c\/p\u003e \u003cp\u003eRepeat Customers.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Securitization from Hell.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Making of a CDO.\u003c\/p\u003e \u003cp\u003eTough to Kill.\u003c\/p\u003e \u003cp\u003eTurning “Crap into Triple-A”.\u003c\/p\u003e \u003cp\u003eFrom CDS to CDO.\u003c\/p\u003e \u003cp\u003eInsanity Sets In.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Narvik and Me.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCDOs: An American Export.\u003c\/p\u003e \u003cp\u003eThe Truth Revealed—But Does It Matter?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Mortgaging Merrill’s Future.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eClimbing Out of Poverty.\u003c\/p\u003e \u003cp\u003eA Strong Start.\u003c\/p\u003e \u003cp\u003eThe Secret Weapon.\u003c\/p\u003e \u003cp\u003eRaking It In.\u003c\/p\u003e \u003cp\u003eTaking Big Risks.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 A House of Cards.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDigging for Gold.\u003c\/p\u003e \u003cp\u003eBuilding a Case.\u003c\/p\u003e \u003cp\u003eThe Investment of a Lifetime.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 And Then the Roof Caved In.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Wheels Coming Off.\u003c\/p\u003e \u003cp\u003eThe Call.\u003c\/p\u003e \u003cp\u003eA Crisis Begins.\u003c\/p\u003e \u003cp\u003eThe CDO Blues.\u003c\/p\u003e \u003cp\u003eLights Out.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eEpilogue.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eA Note on Sources.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eResources from CNBC.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eDAVID FABER\u003c\/b\u003e, 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.  \u003ci\u003eAnd Then the Roof Caved In\u003c\/i\u003e skillfully explores the causes and consequences of the financial collapse that has affected us all. Written by David Faber—the award-winning CNBC correspondent—this compelling account is filled with the candid reflections of the people who brought the crisis to life. Expanded from the CNBC documentary that the \u003ci\u003eNew York Times\u003c\/i\u003e called \"broad, comprehensive, and compelling,\" and that Frank Rich noted as \"superbly done,\" this book is a must-read.  \u003cp\u003e\"Historians investigating the financial collapse of '08–'09 must begin by reading this book. This is close-range reporting . . . the work of a veteran financial journalist who was 'present at the creation' of this crisis. Faber has it all, up close—the people, failures, and greed. He tells us what it was like to be on the inside when the roof caved in.\"\u003cbr\u003e —\u003cb\u003eBrian Williams\u003c\/b\u003e, Anchor and Managing Editor, \u003ci\u003eNBC Nightly News\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Faber has written a masterful insider's guide to the implosion of the American financial system. He takes you as close as Greenspan's early worries and then shows you how the disastrous hair-triggers built into the system fired off—and how a few bright minds turned disaster into great fortunes. Faber brings readers right inside his notebook—long regarded as the best in financial news—and emerges with a story that is breathtaking.\"\u003cbr\u003e —\u003cb\u003eJoshua Ramo\u003c\/b\u003e, author, \u003ci\u003eThe Age of the Unthinkable\u003c\/i\u003e and Managing Director, Kissinger Associates\u003c\/p\u003e \u003cp\u003e\"There is no one better than David Faber when it comes to following the financial services business. His incredible access and valuable insights make his reporting a must-see for millions of viewers around the world. Now, he's written a book that is a must-read for anyone who wants to understand how a housing bubble turned into a worldwide economic crisis.\"\u003cbr\u003e —\u003cb\u003eJoe Kernen\u003c\/b\u003e, coanchor, CNBC's \u003ci\u003eSquawk Box\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988739113189,"sku":"NP9780470607381","price":16.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470607381.jpg?v=1761781398","url":"https:\/\/k12savings.com\/es\/products\/and-then-the-roof-caved-in-isbn-9780470607381","provider":"K12savings","version":"1.0","type":"link"}