From left: Charles Bagli and “Other People’s Money”
From the May issue: In the years since the financial crisis, a bookcase full of writers have taken a crack at telling the story of the boom and bust — each one turning a cast of bankers, analysts and government officials into their own heroes, villains and Cassandras.
In “Other People’s Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made,” author Charles Bagli examines the collapse through the lens of a single transaction: the much-ballyhooed acquisition and subsequent loss of Manhattan’s Stuyvesant Town–Peter Cooper Village. [more]