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All the Devils Are Here
The Hidden History of the Financial Crisis
Bethany McLean
read on February 1, 2011

Another financial crisis book... what can I say? This book was a lot like the other ones I've read, nothing groundbreaking, but enjoyable. It was written by journalists, which made it very readable, but they also dumbed it down quite a bit.

Really, I'm not sure this book brought anything new to the table at all. Same discussion about CDS's, CDO's, CDO-squareds, etc. Same discussion about the recklessness of the NRSRO's, the blindness of AIG, the helplessness of the SEC, FDIC, Fed, Treasury, etc. Same discussion about how this was essentially caused by the dems fifteen years ago- pushing hard to get more "average Americans" into owning homes and encouraging the GSE's to buy up shitty loans.

Eh. If I were a high school finance teacher I'd assign this to the kiddos. I'm not sure what else to say. I finished reading it about two weeks before sitting down to write this, and hardly remember anything unique about it. That about speaks for itself.

Author Bio:

McLean grew up in Hibbing, Minnesota and received her BA in English and mathematics at Williams College in 1992. After college and prior to joining Fortune, she worked as an investment banking analyst for Goldman Sachs. McLean joined Vanity Fair as a contributing editor in 2008. She joined Slate as a contributor to the Moneybox column in 2010. McLean married Chris Wilford in 2000. They divorced in 2006. In May 2008, McLean married Sean Berkowitz, a partner with the law firm, Latham & Watkins. Berkowitz is the former Director of the Enron Task Force; they met through their mutual connection to that case. They currently reside in Chicago with their two young children.