Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted By Wall Street Greed and Unleashed a Catastrophie [VINTAGE 2009] [FIRST EDITION, FIRST PRINTING]

Tett, Gillian

Edité par Free Press, a division of Simon & Schuster, New York, 2009

A propos de cet article

Fine unread condition gold boards, black spine and gold spine lettering contained in a fine condition non price-clipped color photographic dust jacket. Includes Author Dedication; Preface; Epilogue; Notes; Glossary; Acknowledgments; Index and About the Author. "From award-winning Financial Times journalist Gillian Tett, who enraged Wall Street leaders with her newsbreaking warnings of a crisis more than a year ahead of the curve, Fool's Gold tells the astonishing unknown story at the heart of the 2008 meltdown. Drawing on exclusive access to JPMorgan Chase CEO Jamie Dimon and a tightly bonded team of bankers known on Wall Street at the "Morgan Mafia," as well as in-depth interviews with dozens of other key players, including Treasury Secretary Timothy Geithner, Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. The deeply reported and lively narrative takes readers behind the scenes to the inner sanctums of elite finance and to the secretive reaches of what came to be know as the "shadow banking" world. The story begins with the intense Morgan brainstorming session in 1994 beside a pool in Boca Raton, where the team cooked up a dazzling new idea for the exotic financial product known as credit derivatives. That idea would rip around the banking world, catapult Morgan to the top of the turbocharged derivatives trade, and fuel an extraordinary banking boom that seemed to have unleashed banks from ages-old constraints of risk. But when the Morgan team's derivatives dream collided with the housing boom, and was perverted - through hubris, delusion, and sheer greed - by titans of banking that included Citigroup, UBS, Deutsche Bank, and the thundering herd at Merrill Lynch - even as J.P. Morgan itself stayed well away from the risky concoctions otehrs were peddling - catastrophe followed. Tett's access to Dimon and the J.P. Morgain leaders who so skillfully steered their bank away from the wild excesses of others sheds invaluable light not only on the untold story of how they engineered their bank's escape from carnage but also on how possible it was for the larger banking world, regulators, and rating agencies to have spotted, and heeded, the terrible risks of a meltdown. A tale of blistering brilliance and willfully blind ambition, Fool's Gold is both a rare journey deep inside the arcane and wildly competitive world of high finance and a vital contribution to understanding how the worst economic crisis sicne the Great Depression was perpetrated." - from the inner front and rear jacket flaps.

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Détails bibliographiques

• Titre: Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted By Wall Street Greed and Unleashed a Catastrophie [VINTAGE 2009] [FIRST EDITION, FIRST PRINTING]
• Éditeur: Free Press, a division of Simon & Schuster, New York
• Date de parution: 2009
• Langue: anglais
• Reliure: Hardcover
• Illustrateur: Fuentecilla, Eric, (jacket design); Puetzer, Steven (jacket photograph)
• Édition: 1st Edition
• Impression: 1st Printing
• État de l'article: Fine
• État de la jaquette: Fine