Crash of the Titans

Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America

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  • “Crash of the Titans” Named One of Bloomberg’s Top 30 Business Books

    Bloomberg has named "Crash of the Titans" one of its top 30 business books of the year, alongside popular titles such as Michael Lewis' "The Big Short," David Kirkpatrick's "The Facebook Effect" and Robert Reich's "Aftershock." Said Bloomberg's James Pressley, the book is "an exhaustive reconstruction of how Merrill Lynch & Co. sealed its own [...]

  • Recommends “Crash of the Titans” for a Weekend Read

    Steve Schaefer, who writes the "Exile on Wall Street" column for, recommended "Crash of the Titans" for weekend reading. He says "[Author Greg] Farrell tells a story based on hundreds of hours of interviews that builds like a hurricane. A storm that began with a mounting pile of of toxic debt that ultimately resulted [...]

  • Salon’s Andrew Leonard Reviews “Crash of the Titans”

    Andrew Leonard of yesterday released his review of "Crash of the Titans" highlighting how the book is more about what drove executives at Merrill Lynch to continue " … merrily speculating in mortgage-backed securities constructed out of the dregs of the dregs" than it is about the government's role in the financial meltdown. Leonard [...]

Author, Greg Farrell

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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