- Category: Books » Business & Economics » Corporate & Business History - Strategies
- Format: Hardcover Learn more about the Hardcover format using Tower WIKI.
- Publisher: Free Press
- Number of Pages: 256
- ISBN: 141659857X
- WAPI (Tower ID): 112260537
- Release Date: May 12, 2009
- Average Customer Review: There are no customer reviews yet. Be the first to write a review!
- Tower.com Sales Rank: #34186 in Books (See Top 100 Books Bestsellers)
- #1410 in Business & Economics (See Top 100 Business & Economics Bestsellers)
- #35 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 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"Review"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." "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." "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." Publisher's noteTraces the relationship between a team of JP Morgan banking gurus and the current financial crisis, documenting their invention of a bold variety of allegedly risk-free investments that sparked a frenzy in the banking world and may have directly contributed to the market crash. By the author of Saving the Sun. The fascinating, unknown story at the heart of the current financial crisis by the award-winning journalist who warned of the crash well in advance. 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. 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 (Hardcover)", 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 (Hardcover)" by Gillian Tett (Author)There are no customer reviews yet. Be the first to write a review! Corporate & Business History - Strategies Bestsellers
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