Extended Audio Sample

Download All the Devils Are Here: The Hidden History of the Financial Crisis Audiobook

Extended Audio Sample All the Devils Are Here: The Hidden History of the Financial Crisis Audiobook, by Bethany McLean Click for printable size audiobook cover
4 out of 54 out of 54 out of 54 out of 54 out of 5 4.00 (1,906 ratings) (rate this audio book) Author: Bethany McLean, Joe Nocera Narrator: Dennis Boutsikaris Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: November 2010 ISBN: 9781101461839
Regular Price: $25.00 Add to Cart
— or —
FlexPass™ Price: $20.95$5.95$5.95 for new members!
Add to Cart learn more )

As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?

According to Bethany McLean and Joe Nocera, two of America’s most acclaimed business journalists, the real answer is all of the above—and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant: almost everyone has missed the big picture; almost no one has put all the pieces together.

All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn’t about finance at all—it was about human nature.

Download and start listening now!

BK_PENG_001611

Quotes & Awards

  • “McLean and Nocera weave seemingly unrelated strands of the story into a coherent tapestry…this narrative was constructed by skilled professionals with great care and attention. It’s a shame the same can’t be said for our mortgage industry.”

    Washington Post

  • “Hard-hitting reporting and fluent writing bring the utter devastation of the Great Recession to life.”

    Kirkus Reviews

Listener Opinions

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Ray | 2/19/2014

    " One of the better books written on the subject of our recent financial crisis, and I've tried a lot of them. The subject has never truly grabbed me, so I struggle with long financial explanations. But if I had to pick just one book to read talking about the housing bubble and financial collapse on Wall Street, this would probably be it. All lot of greed, a lot of blame, and a horrible lack of understanding all around, but with all the money being made, who wanted to ask too many questions about the associated risk, and who wanted to change things? Clearly, not many in the banking or mortgage lending industry. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Elaine Nelson | 2/15/2014

    " Forgot to review right after I read it -- so I lost all my bookmarks when it automagically checked itself in. Damn ebooks. :( In any case, definitely recommended. Fascinating look at the players in the financial crisis, and the long slow way that it unfolded WAY before 2008. Works well in concert with 13 Bankers. (If by well, you mean: may make you despair for the future.) "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Ben | 12/24/2013

    " This one came sort of recommended. Overall it's probably the best attempt at putting as much about the financial crisis in one place that is out there; it definitely is the best one I have read. As a result, however, it is a long book and a broad one, to the point that it suffers as a book a bit. The authors are generally careful to restrict themselves to facts they can find and don't make many conjectures. The documented failures of some are catalogued: "this guy said that he thought subprime stuff was bad but when in a situation where they might have been able to do something about subprime lending they did nothing", but that's about as close to pointing fingers as they get. You can give this to friends in the banking industry who faint at the thought of someone using harsh or inflammatory language when discussing the financial sector's utter failure to do anything other than extract enormous personal wealth for themselves. As someone who prefers a strongly stated position, I found the authors too restrained in their criticism. The book could probably use an update considering it ends with a slightly hopeful note about some financial conference to be held in 2010 where someone might decide something about how to regulate the financial sector. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Alison | 12/19/2013

    " A stunning piece of research, the authors present a damning case against the many players that contributed to the financial crisis. Despite the complicated subject matter, business journalists Bethany McLean and Joe Nocera write with enough clarity to keep the reader engaged. They humanize the broad array of corporate and government characters involved in a way that news stories and earnings reports never can. I highly recommend the book to anyone who wants a deeper understanding of the housing bubble and financial collapse of the early 21st century. It lays the foundation for a new definition of "The American Dream." "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Keith Swenson | 10/23/2013

    " Jaw-droppingly shocking. Rich, encyclopedic investigative journalism brings a lot of details, woven into a story that starts with Reagan, and continues up to the final collapse in 2008. This book will give you a good feeling for unbelievable course of actions that led up to the financial crisis. Finished it yesterday. I am still in shock. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Katie | 10/16/2013

    " Very well done book that walks through the 20+ years leading up to the 2008 crisis. They make a dense and complex topic as understandable as possible. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Jim Cullison | 9/10/2013

    " Excellent, if hard to follow at times. Thorough and compelling. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Chris Pederson | 9/6/2013

    " This book goes back decades and looks at how the separate actions of CEO's, politicians, lenders, borrowers, analysts, WS traders, together with the myth of home ownership caused a global financial meltdown... and economists think humans are rational. Duh, we're not. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Jason Miller | 5/18/2013

    " A great overview of the financial crash that was 30 years in the making and involved a lot of moving parts, starting with mortgage back securities in the early 80s "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Jim | 4/7/2013

    " Before reading this book, I thought the whole financial crisis could be isolated to a few companies. But the entire financial establishment went crazy. Great book. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Karl | 3/3/2013

    " A bit of a diffulcult book to follow all the way through, but very interesting perpescitve on the Mortgage Crisis that lead to the Housing crisis. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 John Morris | 6/21/2012

    " Another great book on the financial crisis. Easy to read and not too technical and suitable for the financial layman. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Scott | 2/16/2012

    " Excellent read for anyone wanting more info about the main players and reasons behind the financial system meltdown. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Paul Sarran | 1/14/2012

    " The best "crisis" book. If you only read one, pick this one. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Max | 12/10/2011

    " A detailed account of who pushed for deregulation and profited from the mortgage backed security business that caused the 2008 financial collapse. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Janny | 10/27/2011

    " More context to the financial crisis than the usual mortgage-qualification-criteria were too lax. With historical background, the authors do a much better-than-average job of explaining the perfect storm that brought about the financial crisis. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Swardlaw | 10/5/2011

    " An in-depth review of the causes of the financial crisis and those responsible for it. Well written for the lay-reader. Well controlled anger directed at those responsible but not held to account. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Anthony Meaney | 8/29/2011

    " At times reads like a long blog rant than a book but there are some interesting thoughts here. Bucholz wrote one of my favourite books "New Ideas from Dead Economists" and while Rush isn't quite as good it is still an interesting read. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Rob | 6/30/2011

    " Captivating and the characters and storyline continues in today's headlines "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Dave | 6/20/2011

    " Reading this highly detailed tome is like eating your vegetables, but they're very delicious vegetables. I learned a lot and was sufficiently outraged by this book. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Daddy | 6/9/2011

    " very thorough examination of factors causing implosing of subprime market "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 CB | 6/5/2011

    " A bit over my non-financial head, but important in explaining key things that lead to the financial crisis. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Scott | 5/17/2011

    " Excellent read for anyone wanting more info about the main players and reasons behind the financial system meltdown. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Matt | 5/5/2011

    " Very accessible history of the financial crisis. Short chapters bounce back and forth to all the "devils" involved in the crisis, great at making complex financial jargon understandable. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Adam | 5/4/2011

    " Interesting and informative account of the financial crisis of 2008 and the events leading up to it. While some of the detailed descriptions of credit default swaps and mortgage-backed securities made my head spin, the overall gist was clear and presented in an engaging style. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Jackie | 4/30/2011

    " Very name heavy, and sort of got to be too many names at times. But, it was a good book that talked about the financial meltdown and all about the key players that caused the collapse. I liked The Big Short better, but this was good. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Chris | 4/29/2011

    " Fantastic and frightening overview of the 30 years of missteps that led us into the financial crisis. The number of villains is truly astonishing. And sadly, it seems, the book makes me realize how little has changed and how few lessons we actually learned. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Jenny | 4/22/2011

    " This book was very helpful in that it gave a lot of the history and outlined the players in the sub-prime mortgage and CDO crash. Good job putting a personal face on at least the banking side. No large left or right wing agenda. Real journalism. "

Write a Review
What is FlexPass?
  • Your first audiobook is just $5.95
  • Over 90% are at or below $12.95
  • "LOVE IT" guarantee
  • No time limits or expirations
About the Author

Bethany McLean is a well-known journalist. Her March 2001 article in Fortune, “Is Enron Overpriced?,” was the first in a national publication to openly question the company’s dealings.

About the Narrator

Dennis Boutsikaris has won two Obie Awards, one for his performance in Sight Unseen, and played Mozart in Amadeus on Broadway. Among his films are W., Batteries Not Included, The Dream Team, and Boys on the Side. He is a recipient of both Audie and Earphones Awards and has read over 140 audiobooks.