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內容簡介: |
An expos? on the delusion, greed, and arrogance that led to
America''s credit crisis
The collapse of America''s credit markets in 2008 is quite
possibly the biggest financial disaster in U.S. history. Confidence
Game: How a Hedge Fund Manager Called Wall Street''s Bluff is the
story of Bill Ackman''s six-year campaign to warn that the $2.5
trillion bond insurance business was a catastrophe waiting to
happen. Branded a fraud by the Wall Street Journal and New York
Times, and investigated by Eliot Spitzer and the Securities and
Exchange Commission, Ackman later made his investors more than $1
billion when bond insurers kicked off the collapse of the credit
markets.
Unravels the story of the credit crisis through an engaging and
human drama
Draws on unprecedented access to one of Wall Street''s best-known
investors
Shows how excessive leverage, dangerous financial models, and a
blind reliance on triple-A credit ratings sent Wall Street
careening toward disaster
Confidence Game is a real world "Emperor''s New Clothes," a tale
of widespread delusion, and one dissenting voice in the era leading
up to the worst financial disaster since the Great Depression.
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關於作者: |
Christine S. Richard is a reporter with Bloomberg News. She
has covered financial markets from Washington, Hong Kong,
Singapore, and New York. Her work has been recognized by
organizations including the New York Society of Certified Public
Accountants, the National Association of Real Estate Editors, the
New York Press Club, and the Newswomen''s Club of New York.
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目錄:
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Preface.
Acknowledgments.
1. The Meeting.
2. The Short Seller.
3. The Question.
4. Backlash.
5. The Worst That Could Happen.
6. The Trouble With Triple-A.
7. Unanswered Questions.
8. Crimes and Cockroaches.
9. Turning the Tables.
10. Scrutiny.
11. The Black Hole.
12. The Court of Public Opinion.
13. The Insurance Charade.
14. When Crack Houses Become Collateral.
15. Storm Warnings.
16. An Uncertain Spring.
17. Apocalypse Now.
18. Parting the Curtain.
19. Ratings Revisited.
20. The Panic Begins.
21. Catastrophe and Revenge.
22. Time Runs Out.
23. Bailout.
24. Judgment Day.
25. The Nuclear Threat.
Epilogue.
Notes.
Index.
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