The New York Times bestseller hailed as "the best business book of
2010" (Huffington Post).
As soon as the financial crisis erupted, the finger-pointing began.
Should the blame fall on Wall Street, Main Street, or Pennsylvania
Avenue? On greedy traders, misguided regulators, sleazy subprime
companies, cowardly legislators, or clueless home buyers?
According to Bethany McLean and Joe Nocera, two of America's most
acclaimed business journalists, the real answer is all of the above-and
more. Many devils helped bring hell to the economy. And the full story,
in all of its complexity and detail, is like the legend of the blind men
and the elephant. Almost everyone has missed the big picture. Almost no
one has put all the pieces together.
All the Devils Are Here goes back several decades to weave the hidden
history of the financial crisis in a way no previous book has done. It
explores the motivations of everyone from famous CEOs, cabinet
secretaries, and politicians to anonymous lenders, borrowers, analysts,
and Wall Street traders. It delves into the powerful American mythology
of homeownership. And it proves that the crisis ultimately wasn't about
finance at all; it was about human nature.