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Jende Jonga, a Cameroonian immigrant living in Harlem has come to the United States to provide a better life for himself, and his family. In the fall of 2007, Jende can hardly believe his luck when he lands a job as a chauffeur for a senior executive at Lehman Brothers. When the financial world is rocked by the collapse of Lehman Brothers, Jende is desperate to keep his job and is soon forced to make an impossible choice.
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As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries as diverse as Iceland, Germany, and Greece. Mixing humor with prescient insight, he depicts a precarious situation that demands attention. The tsunami of cheap...
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The author of the signature bestseller Liar's Poker explains how the event we were told was impossible--the free fall of the American economy--finally occurred; how the things that we wanted, like ridiculously easy money and greatly expanded home ownership, were vehicles for that crash; and how shareholder demand for profit forced investment executives to eat the forbidden fruit of toxic derivatives.
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"Andrew Ross Sorkin delivers the first true behind-the-scenes account of how the greatest financial crisis since the Great Depression developed into a global tsunami. From inside the corner office at Lehman Brothers to secret meetings in South Korea and Russia and the corridors of Washington, this is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and ultimately, the...