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Book by Grind Kirsten
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"Journalist Kirsten Grind haswritten a first-rate accounting of the spectacular collapse of WashingtonMutual and how behemoth JPMorganChase picked over its carcass. Thanks toGrind's winning narrative, what was previously one of the less-well knownfinancial disasters of September 2008 is now fully--and entertainingly--explicated."--WilliamD. Cohan, author of "Money and Power" and "House of Cards"
"Journalist Kirsten Grind has written a first-rate accounting of the spectacular collapse of Washington Mutual and how behemoth JPMorgan Chase picked over its carcass. Thanks to Grind's winning narrative, what was previously one of the less-well knownfinancial disasters of September 2008 is now fully--and entertainingly--explicated."--William D. Cohan, author of "Money and Power" and "House of Cards"
"An eye-opening book."--Booklist
"In "The Lost Bank", Grind achieves the best of the business journalist's calling, not only reporting the WaMu disaster in clear, compelling prose for the general reader, but also offering new information and details that may surprise those who think they know the story... [A] sparkling achievement."--Jon Talton "The Seattle Times "
"Kirsten Grinds dogged reporting lays bare a tale of out-of-control salesmen and executive-level gamblers who transformed one of Americas most respected banks into a weapon of mass financial destruction."The Lost Bank"is a page-turning read that exposes the Wild West banking tactics that harmed customers, workers and the nation as a whole."Michael W. Hudson, author of "The Monster"
"An eye-opening book."Booklist
"Almost aBarbarians-esque view..."Andrew Ross Sorkin, "Squawk Box"
"An eye-opening book." Booklist
"Almost aBarbarians-esque view..." Andrew Ross Sorkin, "Squawk Box"
"Almost a Barbarians-esque view..."--Andrew Ross Sorkin, "Squawk Box"
During the most dizzying days of the financial crisis, Washington Mutual, a bank with hundreds of billions of dollars in its coffers, suffered a crippling bank run. The story of its final, brutal collapse in the autumn of 2008, and its controversial sale to JPMorgan Chase, is an astonishing account of how one bank lost itself to greed and mismanagement, and how the entire financial industry—even the entire country—lost its way as well.
Written as compellingly as the finest fiction, The Lost Bank introduces readers to the regulators and the bankers, the home buyers and the lenders who together created the largest bank failure in American history. The result is a magisterial and gripping account of the incredible rise and the precipitous collapse of not only an institution but of trust, fortunes, and the marketplaces for risk across the world.
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