The End of Wall Street
Lowenstein’s riveting, insider’s account of the Wall Street debacle of 2008.
Lowenstein's The End of Wall Street unfurls a gripping chronicle of the 2008 financial collapse, drawing on 180 interviews with top government officials and Wall Street CEOs. Lowenstein looks to the roots of the crisis to reveal how America succumbed to the siren song of easy debt and speculative mortgages. In his trenchant and fair-minded analysis, blame is shared by greedy bankers and reckless borrowers alike—and by asleep-at-the-switch (or naïve) government regulators and by trusted but porous institutions such as the rating agencies. Combining deep analysis with sizzling narrative, The End of Wall Street charts the end of an era of unprecedented and unwarranted optimism while looking ahead to the legacy of the bailout.
“...a standout...what may be the best explanation yet of the recent crash—and as good a prediction as any on what happens next.”
“Lowenstein, a magnificent business writer, creates an almost novelistic accounting of the all-too-real 2008 financial collapse...Lownestein has a pitch-perfect sense of the Street's monumental recklessness.”
“...debunks the notion that no one could have seen the economic catastrophe coming.”