Confidence Game

1. Auflage 2010
ISBN: 978-0-470-64827-8
Verlag: John Wiley & Sons

Buch, Englisch, 352 Seiten, Format (B × H): 162 mm x 229 mm, Gewicht: 552 g

Reihe: Bloomberg

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 the 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.

Christine Richard is a reporter with Bloomberg News whose work has been recognized by The New York Press Club and The Newswomen's Club of New York.

Autoren/Hrsg.

Richard, Christine S.

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Literatur für Manager
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaft: Sachbuch, Ratgeber

Inhaltsverzeichnis

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.

Über Autor(innen)

Christine S. Richard has covered financial markets in Washington, Hong Kong, Singapore, and New York. Her work on the bond insurers received awards from the Society of American Business Editors and Writers, the Deadline Club, the Newswoman's Club of New York, the New York Press Club, the New York State Society of Certified Public Accountants, and the National Association of Real Estate Editors. Her articles were included in a series on the municipal bond market that was nominated by Bloomberg News in 2007 for the Pulitzer Prize. She lives in Frenchtown, New Jersey, with her husband and their daughter.