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Confidence Game - How a Hedge Fund Manager Called Wall Street's Bluff CS Richard

Confidence Game - How a Hedge Fund Manager Called Wall Street's Bluff By CS Richard

Confidence Game - How a Hedge Fund Manager Called Wall Street's Bluff by CS Richard


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Summary

Confidence Game is a tale about the dangerous delusions that humbled the largest financial institutions and plunged countries into recession. Its heart is the story of how hedge fund manager Bill Ackman warned that MBIA Inc. , a little-known insurance company, had guaranteed nearly a trillion dollars of debt.

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Confidence Game - How a Hedge Fund Manager Called Wall Street's Bluff Summary

Confidence Game - How a Hedge Fund Manager Called Wall Street's Bluff by CS Richard

An expose on the delusion, greed, and arrogance that led to America's credit crisis The collapse of America's credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Street's Bluff is the story of Bill Ackman's six-year campaign to warn that the $2.5 trillion bond insurance business was a catastrophe waiting to happen. Branded a fraud by the Wall Street Journal and New York Times, and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets. * Unravels the story of the credit crisis through an engaging and human drama * Draws on unprecedented access to one of Wall Street's best-known investors * Shows how excessive leverage, dangerous financial models, and a blind reliance on triple-A credit ratings sent Wall Street careening toward disaster Confidence Game is a real world Emperor's New Clothes, a tale of widespread delusion, and one dissenting voice in the era leading up to the worst financial disaster since the Great Depression.

About CS Richard

christine s. Richard is a reporter with Bloomberg News. She has covered financial markets from Washington, Hong Kong, Singapore, and New York. Her work has been recognized by organizations including the New York Society of Certified Public Accountants, the National Association of Real Estate Editors, the New York Press Club, and the Newswomen's Club of New York.

Table of Contents

Preface. Acknowledgments. 1. The Meeting. 2. The Short Seller. 3. The Question. 4. Backlash. 5. The Worst That Could Happen. 6. The Trouble With Triple-A. 7. Unanswered Questions. 8. Crimes and Cockroaches. 9. Turning the Tables. 10. Scrutiny. 11. The Black Hole. 12. The Court of Public Opinion. 13. The Insurance Charade. 14. When Crack Houses Become Collateral. 15. Storm Warnings. 16. An Uncertain Spring. 17. Apocalypse Now. 18. Parting the Curtain. 19. Ratings Revisited. 20. The Panic Begins. 21. Catastrophe and Revenge. 22. Time Runs Out. 23. Bailout. 24. Judgment Day. 25. The Nuclear Threat. Epilogue. Notes. Index.

Additional information

CIN1118010418G
9781118010419
1118010418
Confidence Game - How a Hedge Fund Manager Called Wall Street's Bluff by CS Richard
Used - Good
Paperback
John Wiley & Sons Inc
20110329
352
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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