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Richard, Christine

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

Richard, Christine - Confidence Game: How a Hedge Fund Manager Called Wall Street's Bluff, ebook

16,90€

Ebook, ePUB with Adobe DRM
ISBN: 9780470873304
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Printing106 pages with an additional page accrued every 7 hours, capped at 106 pages
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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.

Keywords: confidence game book, america’s credit crisis, collapse of america’s credit markets, biggest financial disaster in us history, hedge fund manager, mbia, bill ackman, pershing square capital, reasons for america’s financial collapse, bloomberg news, bond insurance, credit ratings, value investing

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2010
Language
en
Edition
1
Page amount
352 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9780470873304
Printed ISBN
9780470648278

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