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Yet after Kreuger's suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products — many of them precursors to instruments wreaking havoc in today's markets. When his Wall Street empire collapsed, millions went bankrupt.
Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS's "60 Minutes," recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
Kindle Book
- Release date: March 9, 2010
OverDrive Read
- ISBN: 9780786741540
- Release date: March 9, 2010
EPUB ebook
- ISBN: 9780786741540
- File size: 512 KB
- Release date: March 9, 2010
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Formats
Kindle Book
OverDrive Read
EPUB ebook
Languages
English