Fool's gold : the inside story of J.P. Morgan and how Wall Street greed corrupted its bold dream and created a financial catastrophe /
Gillian Tett.
- 1st Free Press paperback ed.
- New York : Free Press, 2010, c2009.
- xviii, 301 p. ; 22 cm.
"Updated with new preface and afterword" -- Cover.
Includes bibliographical references (p. 263-282) and index.
The derivatives dream -- Dancing around the regulators -- The dream team -- The cuffs come off -- Merger mania -- Innovation unleashed -- Mr. Dimon takes charge -- Risky business -- Leveraging lunacy -- Tremors -- First failures --Panic takes hold -- Bank run -- Bear blows up -- Free fall.
Traces the relationship between a team of JP Morgan banking gurus and the current financial crisis, documenting their invention of a bold variety of allegedly risk-free investments that sparked a frenzy in the banking world and may have directly contributed to the market crash.