About this title: The "Financial Times" writer who scooped the whole financial world with her warnings of an economic crash takes readers to the elite inner sanctums of the banking world to reveal the untold story at the heart of the boom and bust.
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Your search:Books»Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe(39 available copies)
Binding: Hardcover
Publisher: Free Pr
Date Published: 2009-05-12
ISBN-13:9781416598572ISBN:141659857X
Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9781416598572. read more
Binding: Audio CD
Publisher: Tantor Media
Date Published: 2009
ISBN-13:9781400112838ISBN:1400112834
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Binding: Audio CD
Publisher: Tantor Media
Date Published: 2009
ISBN-13:9781400142835ISBN:1400142830
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Edition: 1st edition
Binding: Hardback
Publisher: Simon & Schuster
Date Published: 2009
ISBN-13:9781416598572ISBN:141659857X
Description: New. The "Financial Times" writer who scooped the whole financial world with her warnings of an economic crash takes readers to the elite inner sanctums of the banking world to reveal the untold story at the heart of the boom and bust. read more
"I had, and have, difficulty understanding much of the complexity of the financial instruments that wreaked havoc on Wall Street houses (except one notable exception), and it turns out that most of the people in those houses didn't particularly understand them either (except with that one notable exception). Describes an industry that became untethered to the creation of any meaningful product except for financial devices that produce transaction fees."
"This book helped me understand derivatives and other financial innovations of the last couple of decades. Although orginally used to reduce risk they have been abused causing the recent financial meltdown.
I found the end of the book was a real "cliff hanger" even though I knew the outcome."
"If you're like me, making sense of the economic implosion has been difficult. I am lucky if I can manage to keep my checking account balance. So, the whole world of "derivatives" and "complex investment vehicles" generally soars right above my head.
That is, until I stumbled upon Gillian Tett's book, Fool's Gold. Now, I am still no economic expert, but I feel like Tett has provided me with a primer to sort through the mess brought about by a small band of investment bankers that left a devastating trail of destruction through the livelihoods of many.
Fool's Gold tells the story of how a small group of investment bankers cooked up the investment scheme that ultimately led to the crash of 2008. It is not a pretty story. It is one filled with greed, arrogance and blind faith in the so-called "free market." Although the narrative sometimes gets bogged down in acronyms, it is worth the effort. Highly recommend for those of us who don't hang out on Wall Street."
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