The Weekend That Changed Wall Street: And How the Fallout Is Still Impacting Our World

· Sold by Penguin
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256
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About this ebook

America's most famous business reporter gives her unique perspective on the white-knuckle weekend that brought the financial world to its knees.

During a single historic weekend (September 12-14, 2008) the fate of Lehman Brothers was sealed, Merrill Lynch barely survived, and AIG became a ward of the federal government. Top CNBC anchor Maria Bartiromo spent the entire weekend taking frantic phone calls from the most powerful players on Wall Street and in Washington, as they toiled to keep the economy from complete collapse.

Those CEOs and dozens of other sources gave Bartiromo behind-the-scenes details unavailable to other members of the media, of the crisis and its aftermath. Now she draws on her high-level network to provide an eyewitness account of the biggest events of the financial crisis including at length interviews with former treasury secretary Henry Paulson, former AIG chairman Hank Greenberg, former Merrill Lynch CEO John Thain, and JP Morgan CEO Jamie Dimon, among many others.

Writing with both authority and dramatic flair, Bartiromo weaves a thrilling narrative that will make news. She also tackles the big questions: how did an unmatched period of market euphoria and growth turn sour, catapulting the economy into a dangerous slide? And in the long run, how will the near-catastrophe really change Wall Street?

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About the author

Maria Bartiromo is the anchor of CNBC's Closing Bell with Maria Bartiromo and the host and managing editor of the nationally syndicated Wall Street Journal Report with Maria Bartiromo. Previously she wrote a weekly column in BusinessWeek and for ten years reported from the New York Stock Exchange for CNBC.

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