Show Notes
- Amazon USA Store: https://www.amazon.com/dp/B0026HQAUE?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/House-of-Cards%3A-A-Tale-of-Hubris-and-Wretched-Excess-on-Wall-Street-William-Cohan.html
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- Read more: https://english.9natree.com/read/B0026HQAUE/
#BearStearnscollapse #WallStreetleverage #liquiditycrisis #financialcrisisof2008 #investmentbankinggovernance #HouseofCards
House of Cards: A Tale of Hubris and Wretched Excess on Wall Street by William D. Cohan is a narrative nonfiction account of the collapse of Bear Stearns and the broader failures of Wall Street culture that helped ignite the 2008 financial crisis. Written as investigative financial history, the book reconstructs how one of the oldest investment banks in the United States unraveled under the pressure of excessive leverage, internal conflict, weak oversight, and reckless risk taking. Cohan combines reporting, institutional history, and character analysis to explain not only what happened, but why a major firm could appear stable until it suddenly collapsed. The book is designed for readers who want to understand the mechanics of the crisis through the behavior of the people and organizations involved, rather than through abstract economic theory alone. Its purpose is both explanatory and cautionary: it shows how arrogance, complacency, and incentives aligned around short term gain can produce systemic damage.