Extended Audio Sample

Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch and the Near-Collapse of Bank of America Audiobook (Unabridged)

Extended Audio Sample Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch and the Near-Collapse of Bank of America (Unabridged), by Greg Farrell
3 out of 53 out of 53 out of 53 out of 53 out of 5 0 (225 ratings) (rate this audio book) Author: Greg Farrell Narrator: Dan Woren Publisher: Random House Format: Unabridged Audiobook Audio Length: Release Date:
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The intimate, fly-on-the wall tale of the decline and fall of an America icon.

With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its thundering herd of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only bullish on America, it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market.

Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day, even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months' work, even while the firm is struggling to reduce its losses by firing thousands of employees.

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Listener Reviews

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Brian | 12/30/2013

    " A very good book. If you want to get a play by play of what went wrong from the investment banker point of view and the impact of power, this book will interest you. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Review by Jerry Pierce | 11/17/2013

    " If you want to know who did what to whom, this is a good resource. I understand the collapse is due to individuals, but I don't really want to learn the details on just the people. I decided to move on to a new book and did not finish this one. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Monicae | 9/30/2013

    " It was surprisingly readable. I don't know a lot about finance and this did help explain some things. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Review by Leslie Johnson | 1/20/2013

    " Very interesting read, but probably because I work for Bank of America and watched all of this go down from a different perspective. "

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