- Category: Books » Business & Economics » Corporate & Business History - Strategies
- Format: CD Learn more about the CD format using Tower WIKI.
- Publisher: Tantor Media
- ISBN: 1400112834
- WAPI (Tower ID): 113491291
- Release Date: June 18, 2009
- Average Customer Review: There are no customer reviews yet. Be the first to write a review!
- Tower.com Sales Rank: #311724 in Books (See Top 100 Books Bestsellers)
- #13104 in Business & Economics (See Top 100 Business & Economics Bestsellers)
- #142 in Corporate & Business History - Strategies (See Top 100 Corporate & Business History - Strategies Bestsellers)
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Product DescriptionRun a Quick Search on "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" by Gillian Tett and Stephen Hoye to Browse Related Products:Browse more products related to "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"Browse more products related to "Gillian Tett and Stephen Hoye"Review"Though Tett never lectures or hectors, her portrait of the way greed, hubris and sheer stupidity combined to put global capitalism at risk of disaster is devastating....She has written an irresistible book." "To understand the calamity on Wall Street, we need erudite financial analysis and good old-fashioned stories about human fallibility. Gillian Tett...offers some of each." "FOOL'S GOLD is somewhat arduous going for the lay reader....In the end, however, the book is rewarding for those readers who persevere....[S]he deftly explicates Wall Street dynamics, showing how falling interest rates and regulatory changes fueled the rush into derivatives and how these derivatives' use of leverage dramatically magnified trends in the market, potentially resulting in huge returns or huge losses." "The broad outline of the financial crash is becoming well known. The value of Gillian Tett's book is in the level of detail with which she tells the story, concentrating on the specific sequence of inventions and innovations that made it possible....[A] gripping and indispensable book." AnnotationBusiness writer Gillian Tett goes deep behind the scenes at the distinguished firm of J. P. Morgan, telling how, in the mid-1990s, the company embarked on a bold new venture:-credit derivatives. Tett explains how this new world of "shadow banking" played a significant role in the financial meltdown of 2008 when other banks took the ball and ran wild with it. Their greed and ethical lapses undermined the whole banking and mortgage industry, even as Morgan, under its CEO Jamie Dimon, maintained the high, ethical road. Tett tells how the banking industry failed to rein in the irrational exuberance of large banks like Citigroup, Deutsche Bank, and Merrill Lynch, and her investigative reporting here underscores the need for industry-wide reforms as it reveals corporate behavior both at its worst and at its best. Business writer Gillian Tett goes deep behind the scenes at the distinguished firm of J. P. Morgan, telling how, in the mid-1990s, the company embarked on a bold new venture:-credit derivatives. Tett explains how this new world of "shadow banking" played a significant role in the financial meltdown of 2008 when other banks took the ball and ran wild with it. Their greed and ethical lapses undermined the whole banking and mortgage industry, even as Morgan, under its CEO Jamie Dimon, maintained the high, ethical road. Tett tells how the banking industry failed to rein in the irrational exuberance of large banks like Citigroup, Deutsche Bank, and Merrill Lynch, and his investigative reporting here underscores the need for industry-wide reforms as it reveals corporate behavior both at its worst and at its best. From award-winning Financial Times journalist Gillian Tett, who enraged Wall Street leaders with her newsbreaking warnings of a credit crisis more than a year ahead of the curve, Fool's Gold tells the astonishing unknown story at the heart of the 2008 meltdown. If You Enjoy "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 (CD)", May We Also Recommend:Customer Reviews for "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 (CD)" by Gillian Tett (Author) and Step...There are no customer reviews yet. Be the first to write a review! Corporate & Business History - Strategies Bestsellers
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