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Rites, Myths and Metaphors - [26 Dec 2009]
Gillian Tett concludes her book with a telling metaphor. When it merged with Chase Manhattan, J.P.Morgan inherited the octagonal logo representing wooden planks once hammered together to make water pipes - the Manhattan Company began life as a water carrier...
J.P.Morgan inherited the octagonal logo representing wooden planks once hammered together...
www.amazon.com/review/R1DPX80BIL...
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Ok record, not much insight - [20 Dec 2009]
Much has been made of how Tett is an anthropologist in reviews of this book which held promise of a fresh insight into the world of finance. But while it is a reasonable record of how financial madness gripped the world, there is little in the way of ...
of a fresh insight into the world of finance. But while it is a reasonable record of how...
www.amazon.com/review/R33XCB9F4...
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The Credit Crisis Explained in Laymen Terms - [19 Dec 2009]
If you want to better understand the financial crisis, but you don't know what a CDO, CDS, SIV, super senior debt, CDOs squared, etc., is this is the book for you. Gillian Tett has written a book that anyone outside of the financial industry can understand...
SIV, super senior debt, CDOs squared, etc., is this is the book for you. Gillian Tett has ...
www.amazon.com/review/R3I59P1V4...
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Excessively narrativized, a PR coup for JP Morgan - [15 Nov 2009]
Infantilized and excessively narrativized. Tett is waaaay too close to her subjects/sources, and pays for her "exclusive access" by making JP Morgan look faultless. She takes people who did and continue to do very bad things with no concept of real consequences...
and pays for her "exclusive access" by making JP Morgan look faultless. She takes people...
www.amazon.com/review/R3V8K46H4...
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Tales of Greenspan's flawed model - [12 Nov 2009]
Within the murky world of credit derivatives and the shadow banking system, the author finds an interesting storyline from which to explain the events that brought Wall Street and the global economy to the brink in 2008. She follows a team of JPMorgan...
an interesting storyline from which to explain the events that brought Wall Street and the...
www.amazon.com/review/R2NX5E2YXW...
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Great Review of the Financial Side of the Meltdown - [11 Nov 2009]
www.amazon.com/review/RKWF95XC7...
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Good overview of Financial Crisis - [09 Nov 2009]
www.amazon.com/review/R2WXBF35X...
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Puzzled by credit default swaps and derivatives? - [27 Oct 2009]
During the financial crisis, I found myself thinking: when this subsides I can hardly wait to read the book that will explain what the hell is happening. This book makes an excellent base for understanding the transmogrification of banking into a go-go...
to read the book that will explain what the hell is happening. This book makes an excellent...
www.amazon.com/review/RQ7S8TG7XQFJ...
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A timely, readable account of the rise and fall of financial WMD - [11 Sep 2009]
www.amazon.com/review/R2F1CBACF...
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The Credit Derivative McGuffin - [31 Jul 2009]
On the first page, Fool's Gold tells us, "as with most intellectual breakthroughs, the exact origin of the concept of credit derivatives is hard to pinpoint." It does not proceed to tell us that in 1970, Fischer Black wrote "Thus a long-term corporate...
origin of the concept of credit derivatives is hard to pinpoint." It does not proceed to...
www.amazon.com/review/R34KES4QOR...
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