By Christine S. Richard
The cave in of America's credits markets in 2008 is kind of most likely the most important financial ruin in U.S. heritage. self assurance video game: How a Hedge Fund supervisor referred to as Wall Street's Bluff is the tale of invoice Ackman's six-year crusade to warn that the $2.5 trillion bond coverage enterprise used to be a disaster ready to occur. Branded a fraud through the Wall road Journal and New York Times, and investigated by means of Eliot Spitzer and the Securities and trade fee, Ackman later made his traders greater than $1 billion whilst bond insurers kicked off the cave in of the credits markets.
- Unravels the tale of the credits drawback via an enticing and human drama
- Draws on unparalleled entry to 1 of Wall Street's best-known investors
- Shows how over the top leverage, risky monetary versions, and a blind reliance on triple-A credits scores despatched Wall road careening towards disaster
Confidence video game is a true international "Emperor's New Clothes," a story of common fantasy, and one dissenting voice within the period major as much as the worst bankruptcy because the nice Depression.
Read or Download Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff (Bloomberg) PDF
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Additional resources for Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff (Bloomberg)
Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff (Bloomberg) by Christine S. Richard