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Fool's Gold : How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe

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Greed fuels dream's descent into global crisis.

Imagine the inside story of a financial whirlwind, where ambition and camaraderie give way to a global meltdown. "Fool's Gold" offers a front-row seat to the human drama behind the credit crunch, serving as a cautionary tale woven with vivid storytelling. If you're fascinated by the interplay of innovation and the dark underbelly of finance, this book is an enlightening exploration that reads like a thriller but educates like a textbook.

Sale

Fool's Gold : How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe

Regular price RM32.54 MYR RM17.92 MYR 45% off
Unit price
per
ISBN: 9780349121895
Authors: Gillian Tett
Publisher: Little, Brown
Date of Publication: 2010-06-05
Format: Paperback
Related Collections: Business, History, Economics, Politics
Goodreads rating: 3.88
(rated by 3354 readers)

Description

In the mid 1990s, at a vast hotel complex on a private Florida beach, dozens of bankers from JP Morgan gathered for what was to become a legendary off-site meeting. It was a wild weekend. But among the drinking, nightclubbing and fist-fights lay a more serious purpose - to assess the possibility of building a business around the new-fangled concepts of credit derivatives. The group at the heart of this revolution was an intense team, made up of individuals with a supreme sense of loyalty to each other and to the bank - for years, nothing could break them apart. But when, finally, the team dispersed, the innovations spread far beyond their original intentions, producing perversions in the mortgage market that ultimately culminated in disaster. Part real-life thriller, part investigation and expose, this searing narrative takes us deep inside the shadowy world of complex finance - a perfect storm for the credit crunch
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Greed fuels dream's descent into global crisis.

Imagine the inside story of a financial whirlwind, where ambition and camaraderie give way to a global meltdown. "Fool's Gold" offers a front-row seat to the human drama behind the credit crunch, serving as a cautionary tale woven with vivid storytelling. If you're fascinated by the interplay of innovation and the dark underbelly of finance, this book is an enlightening exploration that reads like a thriller but educates like a textbook.