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The cover of Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe

Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe

Gillian Tett

How did a clever credit product built by a small team at J.P. Morgan get pushed by the wider banking world into a catastrophe?

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At a glance

Author
Gillian Tett

Why read it

  • You will see whether bankers failed to see the flaws or failed to care, and stop settling for greed as the whole answer
  • You will understand how a clever product can be copied and stretched until it no longer does its original job
  • You will learn what it looks like when a firm holds back while the market around it is in a frenzy

Who it is for

  • A manager who must judge a product whose risks nobody explains
  • A citizen who lost trust in banks after the crisis
  • A finance student who wants the story behind credit derivatives

Contents

  1. ADCARD PAGE
  2. PREFACE
  3. PART 1
  4. INNOVATION
  5. [ ONE ]
  6. THE DERIVATIVES DREAM
  7. [ TWO ]
  8. DANCING AROUND THE REGULATORS
  9. [ THREE ]
  10. THE DREAM TEAM
  11. [ FOUR ]
  12. THE CUFFS COME OFF
  13. [ FIVE ]
  14. MERGER MANIA
  15. PART 2
  16. PERVERSION
  17. [ SIX ]
  18. INNOVATION UNLEASHED
  19. [ SEVEN ]
  20. MR. DIMON TAKES CHARGE
  21. [ EIGHT ]
  22. RISKY BUSINESS
  23. [ NINE ]
  24. LEVERAGING LUNACY
  25. [ TEN ]
  26. TREMORS
  27. PART 3
  28. DISASTER
  29. [ ELEVEN ]
  30. FIRST FAILURES
  31. [ TWELVE ]
  32. PANIC TAKES HOLD
  33. [ THIRTEEN ]
  34. BANK RUN
  35. [ FOURTEEN ]
  36. BEAR BLOWS UP
  37. [ FIFTEEN ]
  38. FREE FALL
  39. EPILOGUE

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