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House of Cards: A Tale of Hubris and Wretched Excess on Wall Street Audiobook, by William D. Cohan Play Audiobook Sample

House of Cards: A Tale of Hubris and Wretched Excess on Wall Street Audiobook

House of Cards: A Tale of Hubris and Wretched Excess on Wall Street Audiobook, by William D. Cohan Play Audiobook Sample
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Read By: Alan Sklar Publisher: Tantor Listen Time: at 1.0x Speed 16.83 hours at 1.5x Speed 12.63 hours at 2.0x Speed Release Date: April 2009 Format: Unabridged Audiobook ISBN: 9781400181681

Quick Stats About this Audiobook

Total Audiobook Chapters:

41

Longest Chapter Length:

54:09 minutes

Shortest Chapter Length:

15:31 minutes

Average Chapter Length:

37:00 minutes

Audiobooks by this Author:

7

Other Audiobooks Written by William D. Cohan: > View All...

Publisher Description

In March 2008, Bear Stearns, a swashbuckling eighty-four-year-old financial institution, was forced to sell itself to JPMorgan Chase for an outrageously low price in a deal brokered by Treasury Secretary Henry Paulson, who was desperately trying to prevent the impending catastrophic market crash. But mere months before, an industry-wide boom had "the Bear" clocking a record high stock price. How did a giant investment bank with $18 billion in cash on hand disappear in a mere ten days? In this tour de force, Cohan provides a minute-by-minute account of the events that brought America's second Gilded Age to an end.

Filled with intimate portraits of the major players, high-end gossip, and smart financial analysis, House of Cards recounts in delicious narrative form the dramatic events behind the fall of Bear Stearns and what it revealed about the financial world's progression from irrational boom to cataclysmic bust. House of Cards is the Rosetta Stone for understanding the dramatic and the unprecedented events that have reshaped Wall Street and global finance in the past two years.

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"I really enjoyed this book about the rise and fall of Bear, Stearns & Co. Not only was it an interesting story with a pretty rich cast of characters, but I liked that the author assumed that I was smart and didn't talk down to the reader, yet explained things in a way that even without a trading background, the reader is able to follow along and better understand what happened. Very interesting take on a very interesting time."

— Amanda (4 out of 5 stars)

Quotes

  • [A] fascinating tale.

    — The Wall Street Journal
  • “Fascinating.”

    — Wall Street Journal
  • “A riveting blow-by-blow account.”

    — Economist (London)
  • “Cohen’s autopsy uncovers all the symptoms of a walking disaster.”

    — Newsweek
  • “This volume turns complex Wall Street maneuverings into high drama that is gripping—and almost immediately comprehensible—to the lay reader…Mr. Cohan writes with an insider’s knowledge of the workings of Wall Street, a reporter’s investigative instincts, and a natural storyteller’s narrative command…makes for riveting, edge-of-the-seat reading.”

    — New York Times
  • “An authoritative, blow-by-blow account of the collapse of Bear Stearns.”

    — Washington Post
  • “Cohan vividly documents the mix of arrogance, greed, recklessness, and pettiness that took down the eighty-six-year-old brokerage house and then the entire economy. It’s a page-turner…offering both a seemingly comprehensive understanding of the business and wide access to insiders…Hard to put down.”

    — Bloomberg Businessweek
  • “Masterfully reported…[Cohan] does a brilliant job of sketching in the eccentric, vulgar, greedy, profane, and coarse individuals who ignored all these warnings to their own profit and the ruin of so many others.”

    — Los Angeles Times
  • “Cohan’s epic account chronicles a watershed moment in Wall Street history.”

    — Boston Globe
  • “Alan Sklar is the perfect narrator for conveying the tough vernacularism of these (almost entirely) male voices. The cast is large, hard to keep track of, and through the book’s long first part—a ‘minute-by-minute’ reconstruction of the collapse—each voice recounts a variation on the same basic epiphany: ‘We’re finished.’ The voices merge into one, and what comes across most distinctly is Sklar’s rendition of the Wall Street personality: brusque, cynical, assured to the point of arrogance—the voice of hubris. Finalist for the Audie Award.”

    — AudioFile

Awards

  • A New York Times bestseller
  • Finalist for the 2010 Audie Award for Best Business/Educational Narration
  • A 2009 Time Magazine Best Book in Business

House of Cards Listener Reviews

Overall Performance: 3.3793103448275863 out of 53.3793103448275863 out of 53.3793103448275863 out of 53.3793103448275863 out of 53.3793103448275863 out of 5 (3.38)
5 Stars: 1
4 Stars: 13
3 Stars: 12
2 Stars: 2
1 Stars: 1
Narration: 0 out of 50 out of 50 out of 50 out of 50 out of 5 (0.00)
5 Stars: 0
4 Stars: 0
3 Stars: 0
2 Stars: 0
1 Stars: 0
Story: 0 out of 50 out of 50 out of 50 out of 50 out of 5 (0.00)
5 Stars: 0
4 Stars: 0
3 Stars: 0
2 Stars: 0
1 Stars: 0
Write a Review
  • Overall Performance: 1 out of 51 out of 51 out of 51 out of 51 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This book covers way too much extraneous detail. Very antiseptic, "facts-only" storytelling style, which makes for a rather boring read given the subject matter. In other words, the book could have been written in bullet-point form and it would have worked just as well. "

    — Derek, 2/3/2014
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A somewhat technical book on the rise and fall of Bear Sterns which helped bring the current economic troubles to light. What is unbelievable is what the company (and others) were doing for years that no one tried to stop. "

    — K, 2/1/2014
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I have no idea how accurate the book is, but it's a well-written description of the rise and fall of Bear Stearns. I didn't quite like all of his political and policy commentary, but he didn't attempt to conceal his rhetoric as fact. "

    — Christopher, 1/8/2014
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " the first part of this book was a good description of the fall of Bear Stearns; unfortunately I had to return it to the Seattle Public Library before I could finish it. "

    — Tia, 1/3/2014
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Somewhat repetitive but enjoyable nonetheless. Paints a good picture of the final days of Bear Sterns. "

    — Kenny, 12/24/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Great account of the fall of Bear Stearns and a look back at the firm's history/management which all contributed to their ultimate demise. "

    — Liz, 12/22/2013
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " "A well-written and engrossing account of the history of Bear Stearns from it's bruised-knuckle beginnings to its fixed-income heyday and final sudden downfall as it bet the house on subprime-mortgage backed securities. The final negotiations to save the firm from death are gripping and occupy the final third of the book." "

    — Stuart, 12/22/2013
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Some of this book was over my head, but the general point was pretty clear. A complex, but good read. "

    — Davidcard, 12/15/2013
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I only finished maybe half of the book. Very interesting but super detailed. It's worth trying to read to see how a crisis of confidence caused everything to come crashing down, and makes you wonder what is truly holding up our entire financial system. "

    — David, 10/28/2013
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Very good book about the fall of Bear Stearns and good insight to hedge funds on wall street and how they effect the market. The book was a few hundred pages too long. "

    — Dean, 9/26/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Excellent account of the Bear Stearns debacle. "

    — John, 9/11/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I thought this was excellent book about the downfall of Bear Stearns. It reads as though you are there during the activites. This is actually 4 1/2 stars. "

    — Sandy, 6/26/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A great and remarkably detailed account of the history and demise of Bear Sterns. Makes you wish other books about the Wall Street debacle would take the time to explain it step by step like this book does. "

    — Ollie, 4/2/2013
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A bit dry at times, but overall if you're interested in the financial crisis a good read. "

    — Questionfear, 9/30/2012
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I liked this book, but not enough to finish it once I got into the 'How Bear Stearns became Bear Stearns' part. Too many people to keep straight. The first part that goes through the week leading up to their downfall was really good, esp the part about how little the Board seemed to care. "

    — Jennifer, 8/9/2012
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This book was vert informative. It really my kept my attention from beginning to end. "

    — Seth, 7/7/2012
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Fascinating and deliciously gossipy, but the juicy gossip is why I gave this 4 and not 5 stars. Nevertheless if you want to understand what went wrong read this book, followed by Andrew Sorkin's Too Big to Fail, and Henry 'Hank' Paulson's On the Brink. "

    — Hana, 5/19/2012
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " very informative and clear-read summer '10 "

    — Sharon, 10/30/2011
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Everyone should read this to really appreciate the market crash and current housing crisis. Egos involving both private and public individuals at the top and how the rest of us suffer because of it. A lot of detail to digest but you can still get the gist of what is happening. "

    — Lezlie, 6/15/2011
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This book was insanely long, very technical, but still pretty interesting. The amount of money these people make is just sickening. "

    — Darrick, 6/14/2011
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " very informative and clear-read summer '10 "

    — Sharon, 5/24/2011
  • Overall Performance: 2 out of 52 out of 52 out of 52 out of 52 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I did not know you could make the financial crisis boring (I have a warped definition of fun, haha), but this guy pulled it off. Oye. "

    — Julie, 2/27/2011
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Excellent overview of the disaster called Bear Stearns. "

    — Alexander, 2/21/2011
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " What I liked about this version of the Bear Stearns downfall was the insight into why the offer price of $2 a share was never going to work. <br/>J P Morgan really put itself into a corner on this one and was lucky to get a deal at $10 per share <br/> <br/> "

    — Jack, 2/5/2011
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Brutal tale of the destruction of Bear Sterns and wall street. Makes me see Talib's Black swan wisdom more sharply. They had it coming, but we got it. Made me more informed and less happy. "

    — Peter, 1/28/2011
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Excellent account of the Bear Stearns debacle. "

    — John, 11/19/2010
  • Overall Performance: 2 out of 52 out of 52 out of 52 out of 52 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Interesting book but it was way above my knowledge about the financial industry. It did confirm that all of the Wall Street is way over paid and most of them are crooks! "

    — Joe, 11/7/2010
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Interesting detailed story of the financial crisis of 2008. It is so interesting to hear what really happened behind the scenes. The amount of money those big banks were throwing around every day, tens of billions! "

    — Ob-jonny, 10/23/2010
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " It is a fascinating book to give the layout about how Bear Stern was the last straw for the falling Wall Street. "

    — Bookworm(Jack), 9/30/2010

About William D. Cohan

William D. Cohan is the author of the New York Times bestsellers House of Cards and The Last Tycoons, which won the 2007 FT/Goldman Sachs Business Book of the Year Award. He is a contributing editor at Vanity Fair, has a weekly opinion column in Bloomberg View, and writes frequently for Fortune, the Atlantic, Art News, BusinessWeek, the New York Times, the Financial Times, the Irish Times, and the Washington Post, among other publications. He also is a contributing editor on Bloomberg Television and a frequent on-air contributor to MSNBC, CNN and CNBC. A former investment banker, he is a graduate of Duke University, Columbia University School of Journalism, and the Columbia University Graduate School of Business.

About Alan Sklar

Alan Sklar, a graduate of Dartmouth, has excelled in his career as a freelance voice actor. Named a Best Voice of 2009 by AudioFile magazine, his work has earned him several Earphones Awards, a Booklist Editors’ Choice Award (twice), a Publishers Weekly Listen-Up Award, and Audiobook of the Year by ForeWord magazine. He has also narrated thousands of corporate videos for clients such as NASA, Sikorsky Aircraft, IBM, Dannon, Pfizer, AT&T, and SONY.