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

from booktraveller

I was expecting this kind of books usually is a bit more dry or technical to read through. But the author did a good job making the book interesting enough to keep me reading to the end. The book is informative enough but not too boring nor too technical. With the story starting from the JP Morga...

from DramMan

Account of how the financial world went into virtual meltdown in 2008, by FT journalist Gillian Tett. Useful background for one who has followed events pretty closely. No one cause and no one guilty group but more than enough blame to go round. Has the world learnt lessons, just possibly; has the...

from ElectricRay

I've now read no fewer than seven excellent books detailing the financial atrocities of 2007-9. Each takes a different spin. British broker Philip Augar covers the historical perspective; hedge fund manager and amateur philosopher George Soros looks to epistemology; former Federal Reserve Chairma...

from phebj

Fool's Gold is a story of unintended consequences. It's a largely sympathetic account of a small group of J.P. Morgan traders who perfected the idea of credit derivatives in the mid-1990s and then convinced Congress they shouldn't be regulated. By using something called a credit default swap, the...

from DeaconBernie

Given the subject matter, this is an extraordinary book. Tett makes the whole story come alive, albeit through the lense of participants in just one company. More importantly, this is very lucid, especially for one like myself who does not ordinarily read and/or understand the whole business of b...