FREE UK Delivery on book orders dispatched by Amazon over £10.
Only 2 left in stock (more on the way).
Dispatched from and sold by Amazon. Gift-wrap available.
All The Devils Are Here: ... has been added to your Basket

Dispatch to:
To see addresses, please
Or
Please enter a valid UK postcode.
Or
+ £2.80 UK delivery
Used: Very Good | Details
Condition: Used: Very Good
Comment: PROFESSIONAL SELLER SHIPPING TOP QUALITY BOOKS WITHIN 24 HOURS.100% MONEY BACK GUARANTEE Very well cared for, with minimal signs of use, if any. Shipped from the heart of the British countryside this book will leave our library within a day or two of your order and be with you shortly thereafter.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

All The Devils Are Here: Unmasking the Men Who Bankrupted the World Paperback – 7 Jul 2011

4.2 out of 5 stars 66 customer reviews

See all 12 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle Edition
"Please retry"
Paperback
"Please retry"
£9.99
£4.66 £0.01
Note: This item is eligible for click and collect. Details
Pick up your parcel at a time and place that suits you.
  • Choose from over 13,000 locations across the UK
  • Prime members get unlimited deliveries at no additional cost
How to order to an Amazon Pickup Location?
  1. Find your preferred location and add it to your address book
  2. Dispatch to this address when you check out
Learn more

Man Booker International Prize 2017
A Horse Walks Into a Bar has won the Man Booker International Prize 2017. Learn more
£9.99 FREE UK Delivery on book orders dispatched by Amazon over £10. Only 2 left in stock (more on the way). Dispatched from and sold by Amazon. Gift-wrap available.
click to open popover

Frequently bought together

  • All The Devils Are Here: Unmasking the Men Who Bankrupted the World
  • +
  • The Big Short: Inside the Doomsday Machine
Total price: £15.98
Buy the selected items together

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone

To get the free app, enter your mobile phone number.



Product details

  • Paperback: 416 pages
  • Publisher: Viking (7 July 2011)
  • Language: English
  • ISBN-10: 0670920363
  • ISBN-13: 978-0670920365
  • Product Dimensions: 12.9 x 2.6 x 19.8 cm
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (66 customer reviews)
  • Amazon Bestsellers Rank: 294,197 in Books (See Top 100 in Books)
  • If you are a seller for this product, would you like to suggest updates through seller support?

Product description

Review

A business book that is as riveting as an adventure novel... a masterpiece (Huffington Post)

When the financial crisis of this decade is being taught in business schools, All the Devils Are Here could be the textbook. (Time)

Grand in scope, overwhelming in detail, this is as compelling as a well-crafted literary novel (USA Today)

Yields a rich and intricate tableau of understanding (Financial Times)

A thorough account of the origins of the financial crisis. Helps explain the most troubling headlines of the moment, as well as those that are certain to come. (New York Times)

Joe Nocera is the best business writer alive (Jim Cramer)

About the Author

Bethany McLean is a writer for Vanity Fair and the co-author of The Smartest Guys in the Room. She was previously editor-at-large of Fortune, and spent three years working at Goldman Sachs. She lives in Chicago.

Joe Nocera is business columnist for the New York Times. He has won three Gerald Loeb awards for excellence in business journalism and was a finalist for a Pulitzer Prize in 2006. He lives in New York.


Customer Reviews

4.2 out of 5 stars
Share your thoughts with other customers

Top Customer Reviews

Format: Kindle Edition Verified Purchase
I thoroughly enjoyed reading this and whilst I have not unlike some reviewers read this non stop, I could not waited to get back to it. I have even bored a friend at dinner about it. And she is an archaeologist.

This is a story of the people behind the subprime mortgage crash, and it builds up by discussing how some of the players got involved in the market and manipulated it and profited by it or lost everything. Few of those involved were innocent, whether by being complicit in producing products that they knew would be dangerous or "toxic" as one package was called, or because they were too greedy to investigate what they were buying. From the regulators, the rating agencies, the GSE (government sponsored enterprises), to the banks, mortgage companies even to the borrowers, everyone let greed hurtle them towards disaster.

Some have commented on how difficult it is to read. Yes this is not a quick read but it is fascinating. I have an accounting background but not in banking or treasury and sometimes I could not remember the detail behind a CDO or a Credit Default Swap but the narrative swept me along regardless. Here is tale of greed encouraging men and women to exploit a system were regulation either could not keep up or was not there at all, as new products were created and/or political machinations stopped the few regulators who tried from controlling the monster.

There are also complaints that this is solely concentrated on the US. Perhaps the title as it refers to the men who bankrupted the world is misleading. I for one would have liked mention of the other collapses But I also see it as a strength that the area focused on just the US. If there was too wide a focus then some of the pace of the book might have been lost. And after all this was a book written by Americans for Americans.
1 Comment 5 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback Vine Customer Review of Free Product ( What's this? )
I was particularly interested to read this as Bethany McLean wrote "The Smartest People in the Room" about the Enron debacle. Unfortunately one thing led to another and it lay in the bookcase for a couple of years before I got around to it.

Suffice to say that the passage of time has done little to change my view of the core of the book. Primarily focusing on a US-centric view of the financial meltdown, "All the Devils Are Here" does however cast its net to not only cover how the house of cards collapsed around the world, but provides a fascinating history for what various governments and regulatory bodies did wrong over the previous three decades to let it happen.

What's revealed is an infuriating perfect storm of financial de-regulation, government incompetence (if not outright corruption) and a pack of hyaenas in the financial services industry that were effectively left to their own devices with no nobler goal than the lining of their own pockets at the expense of the public purse and their own customers.

I don't normally approve of spoilers in reviews but SPOILER ALERT: the bad guys mostly got away with and if anything has happened in the three years since the book was published it's that they are now back at it, business as normal, just waiting for the public gaze to falter so they can rinse and repeat it all over again. And with the collusion of a bought media and governments of all stripes who rely on third party funding, it won't be long now. Give it another ten years and we'll be due our next financial meltdown.
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback Vine Customer Review of Free Product ( What's this? )
Bethany McLean and Joe Nocera have written an entertaining and rigorous examination of the causes of the global financial meltdown. 'All the Devils' in the book's title add up to more than 100 named individuals but in addition tens of thousands of property agents, speculators, salesmen, regulators and other players who collectively contributed to the subprime mortgage scam which almost bankrupted the world, are described but go un-named.

McLean and Nocera chart the origin of sub-prime mortgage selling back in the 1980s and how the gradual rise (`like creeping slime, which slowly took over the industry') of borderline criminal practices became endemic and to dominate the activities of many huge financial corporations, all afraid to be left behind and miss the free-cash boat. The origins of the `securitisation' process whereby mortgages aggressively sold to people almost certain to default were wrapped up in `derivatives', `credit default swaps', `collateralised debt obligations' and other such esoteric inventions is described with forensic detail: the traditional bond between borrower and lender, and due diligence before granting a loan, were discarded in the scramble for quick profits and commissions. The higher default risk was bundled up and sold on to other institutions around the world which became so far removed from the origin of the product they had little idea of the risks they were taking on. As long as the huge commissions and bonuses continued to be paid to all the players in the game, no-one cared about the eventual consequences and few dared point out the Emperor in reality had no clothes on.
Read more ›
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews