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Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the
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Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America Paperback - 2011

by Greg Farrell

From the publisher

GREG FARRELL is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo. Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.


From the Hardcover edition.

Details

  • Title Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America
  • Author Greg Farrell
  • Binding Paperback
  • Pages 512
  • Volumes 1
  • Language ENG
  • Publisher Crown Currency
  • Date 2011-09-13
  • Features Bibliography, Index
  • ISBN 9780307717870 / 0307717879
  • Weight 0.84 lbs (0.38 kg)
  • Dimensions 8.01 x 5.22 x 1.11 in (20.35 x 13.26 x 2.82 cm)
  • Themes
    • Aspects (Academic): Business Aspects
    • Chronological Period: 21st Century
  • Library of Congress subjects Merrill Lynch & Co. (1973- ) - History, Bank of America - History
  • Library of Congress Catalog Number 2011292770
  • Dewey Decimal Code 332.109

Media reviews

"Eminently readable and convincing...There's great value to be gained in the detail that Farrell reveals." —Salon
 
"An exhaustive reconstruction of how Merrill Lynch & Co. sealed its own fate by
becoming more bullish on bonuses than on America."James Pressley, Bloomberg
                                                                                                                        
"Farrell weaves his facts into a story...piling detail upon detail to sketch the inner
workings of Merrill Lynch, which he calls the Wall Street firm that made it possible for
average Americans to reap handsome returns in the stock market." —USA Today
 
"The...financial crisis's answer to Game Change--John Heilemann and Mark Halperin's
tattle-filled bestseller about the 2008 Presidential election--Farrell shows that... seemingly trivial matters became the obsessions of Wall Street executives as the subprime contagion spread." —BusinessWeek
 
“Immaculately reported…Farrell has found one of the biggest untold stories of the [financial crisis] drama.” —Financial Times
 
“Farrell tells a story based on hundreds of hours of interviews that builds like a hurricane.” —Forbes.com


From the Hardcover edition.

About the author

GREG FARRELL is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo. Greg is a past winner of the American Business Press's Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.

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