Fool's Gold [Hardback]
How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastropheby Gillian Tett
This book is OUT OF PRINT
You may be able to find a copy at ABE Books
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Description of Fool's GoldIn 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
Press and Industry Reviews"A good read, easily blending personalities with financial analysis"
- Alistair Blair, Investors Chronicle
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About Gillian TettGillian 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.