Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe

The book "Traces of a Meltdown" by Gillian Tett is an unputdownable, award-winning narrative that takes readers on a thrilling journey through the invention of credit derivatives and their role in the current financial crisis.

With a keen eye for detail and a talent for storytelling, Tett sheds light on the little-known history of J.P.

Morgan's innovation of CDOs and how they sparked a frenzy in the banking world.

As the author expertly guides readers through the complexities of derivatives, she reveals the missteps that led to the crisis and the ways in which the industry ignored warning signs.

Through Tett's masterful narration, readers will gain a deep understanding of the factors that contributed to the financial meltdown and how they can be avoided in the future.

Don't miss out on this gripping and informative read!