William Cohan: "Money and Power" (Rebroadcast)

William Cohan: "Money and Power" (Rebroadcast)

A former Wall Street insider on the history and culture of Goldman Sachs. How the firm came to dominate global markets, influence the federal government and play a controversial role in the mortgage meltdown.

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:

This is a rebroadcast. Please view the original broadcast to comment.

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