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How the Bold Dream of a Small Tribe at J. P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe: Library Edition
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Business writer Gillian Tett goes deep behind the scenes at the distinguished firm of J. P. Morgan, telling how, in the mid-1990s, the company embarked on a bold new venture:-credit derivatives. Tett explains how this new world of "shadow banking" play......more
Business writer Gillian Tett goes deep behind the scenes at the distinguished firm of J. P. Morgan, telling how, in the mid-1990s, the company embarked on a bold new venture:-credit derivatives. Tett explains how this new world of "shadow banking" played a significant role in the financial meltdown of 2008 when other banks took the ball and ran wild with it. Their greed and ethical lapses undermined the whole banking and mortgage industry, even as Morgan, under its CEO Jamie Dimon, maintained the high, ethical road. Tett tells how the banking industry failed to rein in the irrational exuberance of large banks like Citigroup, Deutsche Bank, and Merrill Lynch, and his investigative reporting here underscores the need for industry-wide reforms as it reveals corporate behavior both at its worst and at its best.
- Author:
- Tett, Gillian
- ISBN:
- 9781400142835
- Format:
- Audio
- Publish Date:
- 07/20/2009
- Publisher:
- Tantor Media Inc
- Language:
- English
Portions copyright 2005 Muze Inc. All rights reserved.
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