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The Devil's Derivatives - The Untold Story Of The Slick Traders And Hapless Regulators Who Almost Blew Up Wall Street--And Are Ready To Do It Again

by Nicholas Dunbar
₱300.15
The Devil's Derivatives - The Untold Story Of The Slick Traders And Hapless Regulators Who Almost Blew Up Wall Street--And Are Ready To Do It Again - Thryft
The Devil's Derivatives - The Untold Story Of The Slick Traders And Hapless Regulators Who Almost Blew Up Wall Street--And Are Ready To Do It Again - Thryft

Inside Look into the Financial Products that Crashed Wall Street!

"The Devil's Derivatives is a must-read for those interested in understanding the root causes of the 2008 financial crisis. Dunbar's detailed analysis of the complex financial products, along with the greed and lack of regulation by Wall Street, provides readers with a clear understanding of how the financial system can be manipulated. This book is highly recommended for anyone who wants to know what happened and how to prevent it from happening again."

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

The Devil's Derivatives - The Untold Story Of The Slick Traders And Hapless Regulators Who Almost Blew Up Wall Street--And Are Ready To Do It Again

by Nicholas Dunbar
₱300.15
ISBN: 9781422177815
Authors: Nicholas Dunbar
Publisher: Harvard Business Review Press
Date of Publication: 2011-07-12
Format: Hardcover
Related Collections: Economics, Business, History
Related Topics: Finance, Finance
Goodreads rating: 3.89
(rated by 114 readers)

Description

A compelling narrative on what went wrong with our financial system—and who’s to blame.From an award-winning journalist who has been covering the industry for more than a decade, The Devil’s Derivatives charts the untold story of modern financial innovation—how investment banks invented new financial products, how investors across the world were wooed into buying them, how regulators were seduced by the political rewards of easy credit, and how speculators made a killing from the near-meltdown of the financial system.Author Nicholas Dunbar demystifies the revolution that briefly gave finance the same intellectual respectability as theoretical physics. He explains how bankers worldwide created a secret trillion-dollar machine that delivered cheap mortgages to the masses and riches beyond dreams to the financial innovators.Fundamental to this saga is how “the people who hated to lose” were persuaded to accept risk by “the people who loved to win.” Why did people come to trust and respect arcane financial tools? Who were the bankers competing to assemble the basic components into increasingly intricate machines? How did this process achieve its own unstoppable momentum—ending in collapse, bailouts, and a public outcry against the giants of finance?Provocative and intriguing, The Devil’s Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.
Condition guide

Book Condition Guide

Books in Like New Condition

This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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Similar Reads

Inside Look into the Financial Products that Crashed Wall Street!

"The Devil's Derivatives is a must-read for those interested in understanding the root causes of the 2008 financial crisis. Dunbar's detailed analysis of the complex financial products, along with the greed and lack of regulation by Wall Street, provides readers with a clear understanding of how the financial system can be manipulated. This book is highly recommended for anyone who wants to know what happened and how to prevent it from happening again."

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.