All the Devils Are Here - by Bethany McLean & Joe Nocera (Paperback)

About the Book

"All the Devils Are Here" goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone involved, delves into the powerful American mythology of homeownership, and proves that the crisis ultimately wasn't about finance--it was about human nature.

Book Synopsis

Hailed as "the best business book of 2010" (Huffington Post), this New York Times bestseller about the 2008 financial crisis brings the devastation of the Great Recession to life.

As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?

According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, many devils helped bring hell to the economy. All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature.

Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the financial meltdown and its consequences.

Review Quotes

"For those readers who have not immersed themselves in the murky tale of the way dubious housing finance became entangled with Wall Street's casino culture, McLean and Nocera offer as legible an overview as exists. More than offering just a backward look, it helps explain the most troubling business headlines of the moment, as well as those that are certain to come." - New York Times

Hard-hitting reporting and fluent writing bring the utter devastation of the Great Recession to life--with John Cassidy's How Markets Fail (2009) an essential aid to understanding where all the money went, and who benefited. - Kirkus Reviews

Unlike many of the quickie books on the crisis, All the Devils Are Here is tightly written, methodical and unsensationalistic...it's very much worth reading for its damning conclusions and its craftsmanship. - Washington Post

About the Author

Bethany McLean is a journalist and contributing editor for Vanity Fair. She has co-authored multiple bestselling books, including The Smartest Guys in the Room with Peter Elkind and All the Devils Are Here with Joe Nocera. She resides in Chicago with her children.

Joe Nocera is a columnist for The Free Press. His business journalism has appeared in numerous publications, including Esquire, Bloomberg, and The New York Times. He also wrote and produced the hit podcasts The Shrink Next Door and Agatha Christie and the Dandelion Poisoner. His books include All the Devils Are Here and Indentured. He lives in New York City.