And Then the Roof Caved In How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees

CNBC's David Faber takes an in-depth look at the causes and consequences of the recent financial collapseAnd Then the Roof Caved In, Revised and Updated lays bare the truth of the credit crisis, including the lax regulation that allowed greed to rue the day. Written by CNBC's David Faber, this book painstakingly details the truth of what really happened with compelling characters who offer their firsthand accounts of what they did and why they did it.Faber 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-and works his way through the individuals and events that created this unprecedented crisis. Updated to reflect the latest developments in the aftermath of the crisis and government efforts to limit the damage Offers the insights of experienced professionals-from Alan Greenspan to prominent bankers and regulators-who were on the front lines Based on two years of research and filled with informative updates, this book provides a deep understanding into the credit crisis and gets you up-to-speed on how it has evolved Created by David Faber, the face of morning business news on CNBC, and host of the network's award-winning documentariesFrom regulators who tried to stop this problem before it grew to hedge fund managers who correctly foresaw the coming housing crash, And Then the Roof Caved In, Revised and Updated 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 reported 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.