And Then the Roof Caved In
Mr. Faber is a CNBC anchor and reporter who contributes to the network’s “Squawk on the Street.” He is the winner of an Emmy, a Peabody, and a duPont award.
David Faber talked about his book And Then the Roof Caved In: How Wall Street’s Greed and Stupidity Brought Capitalism to Its Knees (Wiley; June 22, 2009). Mr. Faber… read more
David Faber talked about his book And Then the Roof Caved In: How Wall Street’s Greed and Stupidity Brought Capitalism to Its Knees (Wiley; June 22, 2009). Mr. Faber traced the subprime market implosion and subsequent recession back to September 11, 2001, and the Federal Reserve chairman’s zealously creative efforts to get the economy back on track after the attacks. In his book 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 what he termed the inevitable breakdown in the market. He talked about the finanical situation and responded to questions from members of the audience.
Mr. Faber is a CNBC anchor and reporter who contributes to the network’s “Squawk on the Street.” He is the winner of an Emmy, a Peabody, and a duPont award. close
Related Video
-
In Fed We Trust
David Wessel talked about his book In Fed We Trust: Ben Bernanke’s War on the Great Panic (Crown Business; August 4, 2009). In his…
-
Open Phones, Part 1
Telephone lines were open for comments on the question, “Is the recession over?” The program began with a clip of…
-
Open Phones
Telephone lines were opened for comments on the topic, “President Bush quote: "I don’t think we’ll go in a recession.'”…
-
Housing Market Recession
David Blitzer talked about the Standard and Poor’s Index Committee’s recent data on the housing market and the factors…