Fool's Gold, 9780349121895
Paperback
Wild party ignites a financial revolution, leading to global disaster.

Fool's Gold

how unrestrained greed corrupted a dream, shattered global markets and unleashed a catastrophe

$40.30

  • Paperback

    384 pages

  • Release Date

    30 June 2010

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Summary

Fool’s Gold: The Dark Side of Credit Derivatives

In the mid-1990s, a secluded Florida beach hotel played host to a pivotal gathering of JP Morgan bankers. This wasn’t just a wild weekend of revelry; it was a strategic assessment of the burgeoning world of credit derivatives.

At the heart of this revolution was a fiercely loyal team, dedicated to each other and the bank. For years, their bond seemed unbreakable. But as the team disbanded, their innovations spiraled beyond the…

Book Details

ISBN-13:9780349121895
ISBN-10:0349121893
Series:Abacus
Author:Gillian Tett
Publisher:Little, Brown Book Group
Imprint:Abacus
Format:Paperback
Number of Pages:384
Release Date:30 June 2010
Weight:320g
Dimensions:196mm x 128mm x 28mm
What They're Saying

Critics Review

** ‘Her blow-by-blow story is an impressive piece of detective work. She pulls back the curtain on a closed, unaccountable world of finance

** A truly gripping narrative … The fact that Tett is able to reproduce such raw private communications is a tribute to her journalistic abilities Dominic Lawson, SUNDAY TIMES

** Her blow-by-blow story is an impressive piece of detective work. She pulls back the curtain on a closed, unaccountable world of finance Will Hutton, GUARDIAN

** An absorbing 15-year gallop across the Wild West of the world s financial markets … Tett sketches a system in the grip of a great error, emanating outwards from a cadre of elite traders who were able to repel any attempt to monitor, question or restrain them Stephen Foley, INDEPENDENT

** ‘A very readable, well-informed account of the way investment bankers invented, promoted and profited from the … financial products that were at the heart of the financial collapse’ Vince Cable, Daily Telegraph

About The Author

Gillian Tett

Gillian Tett is Assistant Editor for the FINANCIAL TIMES where she has worked for fifteen years. In 2008 she won the British Press Award for the Financial Journalist of the Year. She often appears on programmes such as TODAY and NEWSNIGHT and lectures widely.

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