Confidence Game
How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff
Buch in deiner Nähe kaufen
Beschreibung
An expose on the delusion, greed, and arrogance that led toAmerica's credit crisis
The collapse of America's credit markets in 2008 is quitepossibly the biggest financial disaster in U.S. history. ConfidenceGame: How a Hedge Fund Manager Called Wall Street's Bluff is thestory of Bill Ackman's six-year campaign to warn that the $2.5trillion bond insurance business was a catastrophe waiting tohappen. Branded a fraud by the Wall Street Journal andNew York Times, and investigated by Eliot Spitzer and theSecurities and Exchange Commission, Ackman later made his investorsmore than $1 billion when bond insurers kicked off the collapse ofthe credit markets.
* Unravels the story of the credit crisis through an engaging andhuman drama
* Draws on unprecedented access to one of Wall Street'sbest-known investors
* Shows how excessive leverage, dangerous financial models, and ablind reliance on triple-A credit ratings sent Wall Streetcareening toward disaster
Confidence Game is a real world "Emperor's New Clothes," a taleof widespread delusion, and one dissenting voice in the era leadingup to the worst financial disaster since the Great Depression.
Autor*in
Christine S. Richard
Themen in »Confidence Game«
Finance & Investments Finance & Investments Special Topics Finanz- u. Anlagewesen Finanzwesen Spezialthemen Finanz- u. Anlagewesen
Stimmen zu »Confidence Game«
"This a riveting account of a tenacious investor,incompetent/apathetic regulators & analysts and a company thathid information, deceived investors and used every connection ithad in its attempts to silence him. At points this reads like aJohn Grisham novel ... except it actually happened. For me,this is the best of the 'melt down' books to date... hands down."
-- Todd Sullivan, valueplays.net, April 2010
" ... Ackman's pursuit of MBIA spanned the two majorcrises of capitalism of the last decade, from the earlier era ofcorporate fraud prosecutions epitomized by Enron and itsoff-balance-sheet special purpose vehicles (SPVs), to the latecredit debacle stemming from the collapse of the CDO house ofcards."
--The Hedge Fund Law Report, May 2010
()