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A review by kurtwombat
The Smartest Guys in the Room by Bethany McLean, Peter Elkind
challenging
dark
informative
sad
tense
medium-paced
5.0
I read this book in two chunks. Read the first hundred pages or so and stopped because my disgust with the people involved got the better of me. Similar to reading a book about Trump, there is a certain nose pinching distance one has to read from. Picked it up a month or so ago and was utterly fascinated the rest of the way. The first part is a little slower, setting up the beginnings of the company and the background of the players, but definitely picks up and runs into pure fascination. Lots of well organized detail presented in a fashion I could mostly understand--can't say I can explain much of it but while reading it I did maintain a decent grasp of the accounting shenanigans. You don't have to love numbers to enjoy this tragedy. There is enough workplace drama, high wire act gambles and operatic human downfalls to keep anyone's attention. There is a rooting interest for those with the most guilt in this debacle to get their comeuppance--and some do--but the ultimate feeling is one of despair for the guilty rarely see that they have done anything wrong, the victims are never made whole and the system keeps rolling merrily along. Many of the same factors involved in the Enron collapse were contributory to the crash of the housing market so what should have been a warning of things to come--was given lip-service instead of being properly addressed. Fascinating read that still applies though the collapse was over twenty years ago.