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The Spider Network Audiobook

The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

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Publisher's Summary

In 2006 an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor - the London interbank offered rate, which determines the interest rates on trillions in loans worldwide - was set daily by a small group of easily manipulated administrators, and they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed "Gollum"; the broker "Abbo", who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as "Derka Derka"; a broker known as "Village" (short for "Village Idiot"), who racked up huge expense account bills; an executive called "Clumpy" because of his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose", who had once been a semiprofessional boxer. This group generated incredible riches - until it all unraveled in spectacularly vicious, backstabbing fashion.

With exclusive access to key characters and evidence, The Spider Network is not only a rollicking account of the scam but also a provocative examination of a financial system that was crooked throughout.

©2017 David Enrich (P)2017 Random House Audiobooks

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  • mr lindsay r williams
    5/16/17
    Overall
    Performance
    Story
    "Almost comical wooden delivery by the narrator"

    Almost comical wooden delivery by the narrator really spoiled it for me I'm afraid to say

    0 of 0 people found this review helpful
  • Dubai_Paul
    Dubai
    5/2/17
    Overall
    Performance
    Story
    "dreary novel in a romantic style"
    What would have made The Spider Network better?

    The FACTS get on with it! The flowery novel love story details are not required. I dont care!


    What was most disappointing about David Enrich’s story?

    Gave up on chapter 7. Dragging out the dreary details of peripheral tittle tattle is best left to pulp fiction


    How did the narrator detract from the book?

    One could tell he was also bored reading it


    What character would you cut from The Spider Network?

    Dont know


    Any additional comments?

    I am primarily a non fiction reader. If I read a finance book on a scam I want to know about the scam the technical details, what was done, what made them undone. I dont care what wine was drunk at a bar. I dont care about girlfriends I dont care about difficult childhoods.
    I think other readers will be impressed I endured to chapter 7. I have no idea how the scam was done I cannot go on.

    0 of 0 people found this review helpful
  • Ian
    5/2/17
    Overall
    Performance
    Story
    "Great book"

    Listened almost non stop. Fact but told like fiction. Well researched. Full of excess, hubris, greed and fascinating characters.

    0 of 0 people found this review helpful

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