And Then the Roof Caved In
IN THIS SUMMARY
Speculation and investigations into what really caused one of the greatest economic collapses in history will continue for the foreseeable future and, in the process, blame will most likely be placed at a number of doorsteps. One of the first books to track the missteps of the financial meltdown, And the Roof Caved In, by CNBC correspondent David Faber, traces the lineage of the economic collapse to the aftermath of the attacks of September 11, 2001, historically low interest rates, and a housing boom that was aided by a drop in lending standards. Faber details how this crisis was incubated on Wall Street through a series of risky mortgage-backed securities and other subprime financial products.