The match king: Ivar Kreuger, the financial genius behind a century of Wall Street scandals
Yet after Kreuger’s suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products? many of them precursors to instruments wreaking havoc in today’s markets. When his Wall Street empire collapsed, millions went bankrupt.
Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS’s ?60 Minutes,” recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
|Grouped Work ID||ef592189-4898-113f-23cc-4f2bf96d8a85|
|full_title||match king ivar kreuger the financial genius behind a century of wall street scandals|
|detailed_location_arlington||Shirlington Adult Nonfiction|
|display_description||Frank Partnoy delivers a thrilling history lesson about an era and a nearly century-old Wall Street scandal rooted in unscrupulous investment banking and derivative hedge funds techniques developed by one man--Ivar Kreuger. Kreuger made his fortune in the 1920s by raising money from American investors to lend to European governments in exchange for match monopolies. Then he suddenly committed suicide in 1932. As his fraudulent schemes unraveled in the wake of his death, the so-called "Kreuger crash" began, bankrupting millions and leading to the enactment of the securities laws of 1933 and 1934.|
|item_details||ils:.b12951158|.i1404416x|Shirlington Adult Nonfiction|364.168 PARTN|||1|false|false|||||Due Oct 23, 2017|Sep 11, 2017|san|||
|owning_library_arlington||Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover|
|record_details||ils:.b12951158|Book|Books|1st ed.|English|PublicAffairs,|c2009.|xiii, 272 p. ; 25 cm.|
|scoping_details_arlington||ils:.b12951158|.i1404416x|Checked Out|Checked Out|false|false|true|false|false|true|999||||
|subject_facet||Businesspeople -- Sweden -- Biography, Capitalists and financiers -- Sweden -- Biography, Commercial criminals -- Sweden -- Biography, International finance -- Corrupt practices -- History, Match industry -- Sweden -- History, Swindlers and swindling -- Sweden -- Biography|
|title_display||The match king : Ivar Kreuger, the financial genius behind a century of Wall Street scandals|
|title_full||The match king : Ivar Kreuger, the financial genius behind a century of Wall Street scandals / Frank Partnoy|
|title_short||The match king :|
|title_sub||Ivar Kreuger, the financial genius behind a century of Wall Street scandals|