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

Book Cover
Average Rating
Publisher:
Varies, see individual formats and editions
Pub. Date:
2009.
Language:
English
Description
From award-winning Financial Times journalist Gillian Tett, who enraged Wall Street leaders with her newsbreaking warnings of a credit crisis more than a year ahead of the curve, Fool's Gold tells the astonishing unknown story at the heart of the 2008 meltdown.
More Details
ISBN:
9781416598572
9781400192830
Also in This Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID1a6a09f3-4f6f-56b3-b873-8c4981ecd72a
Grouping Titlefool s gold how the bold dream of a small tribe at j p morgan was corrupted by wall street greed and
Grouping Authortett gillian
Grouping Categorybook
Last Grouping Update2019-12-14 04:43:11AM
Last Indexed2019-12-14 04:44:04AM

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
authorTett, Gillian.
author_displayTett, Gillian
collection_arlingtonAdult Nonfiction
detailed_location_arlingtonCentral Adult Nonfiction
display_descriptionDrawing 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-Gillian 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 such titans of banking as 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.
format_arlingtonBook
eAudiobook
format_category_arlingtonAudio Books
Books
eBook
id1a6a09f3-4f6f-56b3-b873-8c4981ecd72a
isbn9781400192830
9781416598572
item_details
Bib IdItem IdShelf LocCall NumFormatFormat CategoryNum CopiesIs Order ItemIs eContenteContent SourceeContent FileeContent URLsubformatDetailed StatusLast CheckinLocationSub-location
overdrive:6ab935ec-d30a-46bf-baf6-f8c42a42022d-1Online OverDrive CollectionOnline OverDriveeAudiobookAudio Books1falsetrueOverDriveOverDrive MP3 Audiobook, OverDrive ListenAvailable Online
ils:.b13058873.i13973794Central Adult Nonfiction332.66 TETT1falsefalseDue Jan 4, 2020Nov 02, 2019can
itype_arlingtonHardback
last_indexed2019-12-14T09:44:04.013Z
lexile_score-1
literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_arlington332.66 TETT
Online OverDrive
owning_library_arlingtonArlington Public Library
Aurora Hills
Central
Cherrydale
Columbia Pike
Connection Crystal City
Detention Center
Glencarlyn
Local History
Plaza
Shirlington
Westover
owning_location_arlingtonCentral
primary_isbn9781416598572
publishDate2009
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
overdrive:6ab935ec-d30a-46bf-baf6-f8c42a42022deAudiobookAudio BooksEnglishTantor Media, Inc.2009
ils:.b13058873BookBooksEnglishFree Press, 2009.x, 293 pages ; 24
recordtypegrouped_work
scoping_details_arlington
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:6ab935ec-d30a-46bf-baf6-f8c42a42022d-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse
ils:.b13058873.i13973794Checked OutChecked Outfalsefalsetruefalsefalsetrue9999
subject_facetCredit derivatives -- United States -- History
Financial crises -- United States
Housing -- United States -- Finance
title_displayFool's gold : how the bold dream of a small tribe at J.P. Morgan was corrupted by Wall Street greed and unleashed a catastrophe
title_fullFool's Gold How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe
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 / Gillian Tett
title_shortFool's gold
title_subhow the bold dream of a small tribe at J.P. Morgan was corrupted by Wall Street greed and unleashed a catastrophe
topic_facetBusiness
Nonfiction