Sign in with FacebookConverse's Reviews > 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
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
by Gillian Tett
by Gillian Tett
Converse's review
bookshelves: business, economics, non-fiction
Jul 05, 10
bookshelves: business, economics, non-fiction
Read in November, 2009, read count: 1
Despite the title, the derviatives traders at J. P. Morgan, who did so much in the 1990s to popularize & create collaterialized debt obligations and credit default swaps (CDOs and CDS) were rather prudent in their use. Tett gaves an explanation of how these devices made the panic possible. One of the more helpful books in explaining how the panic was possible.
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