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Renee

Emeryville, CA, USA | Member Since 2005

3
HELPFUL VOTES
  • 1 reviews
  • 10 ratings
  • 240 titles in library
  • 0 purchased in 2014
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  • Fool's Gold

    • UNABRIDGED (10 hrs and 8 mins)
    • By Gillian Tett
    • Narrated By Stephen Hoye
    • Whispersync for Voice-ready
    Overall
    (116)
    Performance
    (49)
    Story
    (49)

    Gillian Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control. The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world.

    D. Littman says: "Outstanding narrative about the financial crisis"
    "Clear explanation of a murky topic"
    Overall

    This was probably one of the better discussions of how banking and international finance works that I've read since the credit/mortgage crisis began. Although I'm not convinced that the world will ever be safe for CDOs, at least I have some idea why bankers, even responsible ones, saw something in the innovation

    3 of 3 people found this review helpful

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