Fool's Gold

3.87 (3,267 ratings by Goodreads)
Regular price €17.50
A01=Gillian Tett
Age Group_Uncategorized
Age Group_Uncategorized
Author_Gillian Tett
automatic-update
banking
Brown Book Group
Category1=Non-Fiction
Category=JH
COP=United Kingdom
crash
credit
credit crunch
Delivery_Delivery within 10-20 working days
eq_isMigrated=2
eq_non-fiction
eq_society-politics
finance
financial crash
financial crisis
hedge fund
journalist of the year
JP Morgan
Language_English
mortgages
PA=Available
Price_€10 to €20
PS=Active
recession
softlaunch

Product details

  • ISBN 9780349121895
  • Weight: 320g
  • Dimensions: 128 x 196mm
  • Publication Date: 06 May 2010
  • Publisher: Little, Brown Book Group
  • Publication City/Country: GB
  • Product Form: Paperback
  • Language: English
Delivery/Collection within 10-20 working days

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'A truly gripping narrative . . . The fact that Tett is able to reproduce such raw private communications is a tribute to her journalistic abilities' Dominic Lawson, Sunday Times

'Her blow-by-blow story is an impressive piece of detective work. She pulls back the curtain on a closed, unaccountable world of finance' Will Hutton, Guardian

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

Gillian 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.