The collapse of the U.S. housing market in 2007 spawned the worst economic crisis since the Great Depression. Millions of Americans lost their homes, their jobs, and their faith in the financial markets. Many of Wall Street’s biggest investment banks, that helped fuel the mortgage meltdown, went belly-up. In a new book, a former Wall Street insider explains how one of these firms not only survived the crash, but made record profits, thanks to a historic bet it made against the market. The story of how Goldman Sachs came to rule Wall Street, beat the Bubble, and incur the wrath of the American public.

Guests

  • William Cohan contributing editor at Vanity Fair, opinion columnist for the New York Times; author of "House of Cards" and "The Last Tycoons"; and former investment banker

Read an Excerpt

From “Money and Power” by William Cohan. Copyright 2011 by William Cohan. All rights reserved. Excerpted by kind permission of Doubleday:

Related Links

Topics + Tags

Comments

comments powered by Disqus
Most Recent Shows

Friday News Roundup – International

Friday, Feb 12 2016The U.S. warns that Russian airstrikes in Syria are harming peace talks. NATO sends warships to the Aegean Sea to deter migrant smuggling. And in a rebuke to North Korea, Seoul closes a shared industrial complex. A panel of journalists joins Diane for analysis of the week's top international news stories.

Friday News Roundup – Domestic

Friday, Feb 12 2016The Republican presidential field narrows after a dramatic New Hampshire primary. The Department of Justice sues Ferguson, Missouri after the city amends a police reform deal. And the Supreme Court puts President Obama's climate regulations on hold. A panel of journalists joins Diane for analysis of the week's top national news stories.

“The Anatomy Of Love,” 25 Years Later

Thursday, Feb 11 2016In the early nineties, anthropologist Helen Fisher wrote “The Anatomy of Love: A Natural History of Mating, Marriage, and Why We Stray.” Now she’s back with the latest research on how love affects the brain and how the Internet has changed dating.