Master your Minecraft
 
 

Special Offers see all

Enter to WIN a $100 Credit

Subscribe to PowellsBooks.news
for a chance to win.
Privacy Policy

Tour our stores


    Recently Viewed clear list


    Best Books of the Year | December 7, 2014

    Gigi Little: IMG Best Kids' Books of 2014



    No, I'm sorry, it's impossible. The best kids' books of 2014? The best? Can't do it. There have been entirely too many exceptional examples of the... Continue »
    1. $11.87 Sale Board Book add to wish list

      Countablock

      Christopher Franceschelli and Peskimo 9781419713743

    spacer
Qualifying orders ship free.
$6.50
List price: $16.00
Used Trade Paper
Ships in 1 to 3 days
Add to Wishlist
Qty Store Section
1 Beaverton Economics- General

More copies of this ISBN

Fool's Gold: The Inside Story of J.P. Morgan and How Wall Street Greed Corrupted Its Bold Dream and Created a Financial Catastrophe

by

Fool's Gold: The Inside Story of J.P. Morgan and How Wall Street Greed Corrupted Its Bold Dream and Created a Financial Catastrophe Cover

 

Synopses & Reviews

Publisher Comments:

 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 J.P. Morgan CEO Jamie Dimon and a tightly bonded team of bankers known on Wall Street as 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 known 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 others were peddling — catastrophe followed. Tett's access to Dimon and the J.P. Morgan 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 since the Great Depression was perpetrated.

Synopsis:

"Fool's Gold" tells the fascinating, unknown story behind the current financial crisis.

About the Author

Gillian Tett oversees global coverage of the financial markets for the Financial Times, the world’s leading newspaper covering finance and business. In 2007 she was awarded the Wincott prize, the premier British award for financial journalism, for her capital-markets coverage. In 2008, she was named British Business Journalist of the Year. She previously served as the newspaper’s deputy head of the Lex column (an agenda-setting column on business and financial topics), Tokyo bureau chief, economic correspondent, and foreign correspondent. She speaks regularly at conferences around the world on finance and global markets. She has a PhD in social anthropology from Cambridge University. In 2003, she published a book on Japan’s banking crisis, Saving the Sun: How Wall Street Mavericks Shook Up Japan’s Financial World and Made Billions.

Product Details

ISBN:
9781439100134
Author:
Tett, Gillian
Publisher:
Free Press
Subject:
Finance
Subject:
Banks & Banking
Subject:
Investments & Securities - General
Subject:
Business-Accounting and Finance
Subject:
General Business & Economics
Subject:
Investments & Securities
Subject:
Wall Street, too big to fail, J.P. Morgan, Timothy Geithner, finance, 2008, banks, financial crisis
Copyright:
Edition Description:
Trade Paperback
Publication Date:
20100431
Binding:
TRADE PAPER
Language:
English
Pages:
320
Dimensions:
8.44 x 5.5 in 9.87 oz

Other books you might like

  1. House of Cards: A Tale of Hubris and...
    Used Trade Paper $3.50
  2. Wedlock: The True Story of the... Used Trade Paper $7.50
  3. The Spy Game Used Hardcover $2.98
  4. Kira-Kira Used Trade Paper $3.95
  5. Jane on Her Own New Trade Paper $4.99
  6. The Goal: A Process of Ongoing...
    Used Trade Paper $12.95

Related Subjects

Business » Accounting and Finance
Business » Banking
Business » Business Profiles
Business » Featured Titles
Business » History and Biographies
Business » Investing
Computers and Internet » Networking » General
History and Social Science » Economics » General
Religion » Comparative Religion » General

Fool's Gold: The Inside Story of J.P. Morgan and How Wall Street Greed Corrupted Its Bold Dream and Created a Financial Catastrophe Used Trade Paper
0 stars - 0 reviews
$6.50 In Stock
Product details 320 pages Free Press - English 9781439100134 Reviews:
"Synopsis" by , "Fool's Gold" tells the fascinating, unknown story behind the current financial crisis.
spacer
spacer
  • back to top

FOLLOW US ON...

     
Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.