Back to home page - News From Nowhere Radical & Community Bookshop

News From Nowhere Radical & Community Bookshop

not-for-profit - a workers'co-op - committed to social justice | 96 Bold Street, Liverpool L1 4HY - 0151 708 7270

Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets...

by Gillian Tett - £10.99  Little, Brown Book Group (2010)
paperback    ISBN 13: 9780349121895 | ISBN 10: 0349121893

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 exposť, this searing narrative takes us deep inside the shadowy world of complex finance - a perfect storm for the credit crunch.

(Price & availability last checked: December 2018)

The website can't tell you if this book is in the shop or not, sorry - call us or use the enquiry link below to ask

  


In booklists: Banks, Bankers and Money,
In categories: Anti-Capitalism & Global Inequality,

© News From Nowhere Co-operative Ltd 2004-2019 | Privacy policy | Contact | return to top of page