0 of 1 people found the following review helpful
Longer than the recession,
This review is from: All The Devils Are Here: Unmasking the Men Who Bankrupted the World (Paperback)
Customer review from the Amazon Vine Programme (What's this?)This book takes a long time to read; the blow-by-blow technical detail is so exhaustive that it will be wasted on most general readers. It focuses almost entirely on the causes of and contributions to the US sub-prime crisis, giving a thorough history of the US mortgage market, when clearly there were other factors at play in the current financial crisis--other devils--who need to be unmasked. Most readers would do better to read a more general volume. Having said that, there is no doubting the vast amount of research that has gone into the book's preparation.
One item of ongoing international interest was the role credit rating agencies, Moody, Standard and Poor and Fitch. One has to wonder how anything they say can be taken seriously any more, when they are perhaps the most culpable in persuading those seeking security to invest in houses built on sand.
Personally, I was more interested in the mechanics of the transactions that have had such a devastating effect than the unmasking element, even though photographs were included.
I'd recommend this for die-hard obsessives; the rest of us should look for a more general volume.