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Published on Sep 11, 2009
And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees
A CNBC award-winning reporter traced the subprime market implosion and subsequent recession back to 9/11 and the Federal Reserve Chairman's zealous creativity to get the economy back on track after the attacks. Mr. Faber presents countless vignettes of specific players in the subprime market to illustrate how the advantage they took of Alan Greenspan's creativity, combined with greed and no regulation, led to inevitable breakdown in the market.