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House of Cards: How Wall Street's Gamblers Broke Capitalism - William D. Cohan
House of Cards: How Wall Street's Gamblers Broke Capitalism
by: (author)
Format: paperback
ISBN: 9780141039596 (0141039590)
Publisher: Penguin
Edition language: English
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Community Reviews
EricCWelch
EricCWelch rated it
Heard an interview with the author. Interesting detail: Compensation at Bear Stearns was based on a ratio of how much money they made using the least amount of capital. So even when things started to go bad, they were reluctant to take offers of capital from outside. Hence they refusal of the offe...
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