×

Uh-oh, it looks like your Internet Explorer is out of date.

For a better shopping experience, please upgrade now.

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets / Edition 1
     

Infectious Greed: How Deceit and Risk Corrupted the Financial Markets / Edition 1

4.6 5
by Frank Partnoy
 

See All Formats & Editions

ISBN-10: 0805075100

ISBN-13: 2900805075105

Pub. Date: 01/01/2004

Publisher: Holt, Henry & Company, Inc.

As the global financial crisis unfolds people everywhere are seeking to understand how markets devolved to this perilous, volatile state. In this dazzling and meticulously researched work of financial history, first published in 2003, and now thoroughly revised and updated, law professor and financial expert Frank Partnoy tells the story of how

Overview

As the global financial crisis unfolds people everywhere are seeking to understand how markets devolved to this perilous, volatile state. In this dazzling and meticulously researched work of financial history, first published in 2003, and now thoroughly revised and updated, law professor and financial expert Frank Partnoy tells the story of how “classical” Wall Street securities like stocks and bonds were quietly eclipsed by ever more “quantum” products like derivatives. He documents how, starting in the mid-1980s, each new level of financial risk and complexity obscured the sickness of corporate America, and how Wall Street's evlving paradigm moved farther and farther beyond the understanding—and regulation—of ordinary investors and government overseers, leading inevitably to disaster.

Product Details

ISBN-13:
2900805075105
Publisher:
Holt, Henry & Company, Inc.
Publication date:
01/01/2004
Edition description:
REV
Pages:
496

Table of Contents

Contents

Title Page,
Copyright Notice,
Dedication,
Epigraphs,
Introduction,
Stage One: Infection,
1. Patient Zero,
2. Monkeys on Their Backs,
3. Wheat First Securities,
4. Unreconciled Balances,
5. A New Breed of Speculator,
Stage Two: Incubation,
6. Morals of the Marketplace,
7. Messages Received,
Stage Three: Epidemic,
8. The Domino Effect,
9. The Last One to the Party,
10. The World's Greatest Company,
11. Hot Potato,
Epilogue,
Acknowledgments,
Index,
Also by Frank Partnoy,
About the Author,
Copyright,

Customer Reviews

Average Review:

Post to your social network

     

Most Helpful Customer Reviews

See all customer reviews

Infectious Greed 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
This book sheds tremendous light on the financial fiascos that occurred over the past fifteen years. I enjoyed using it to do my report in my Business Ethics course at Loyola, New Orleans. Dr. Capaldi, I highly recommend this book to your future students. Here's a brief summary of what the book entails: `Infectious Greed¿ written by Frank Partnoy is an in-depth look into the corruption that has plagued the market for the past fifteen years. It is a historical account that draws connections among the key players and describes the financial devices they used to pursuit tremendous wealth. Many of the devices were direct contradictions of the law, but even those that were legitimate proved to be too complex for regulators, analysts, credit rating agencies, and especially investors to understand. Consequently, investors devoted their money blindly in the face of incomprehensible risks and were vulnerable to great losses. As corruption of major firms was uncovered, investors scrambled to mitigate their losses and prayed that prosecutors would bring the malefactors to justice. Unfortunately, many of the financial frauds were too complex for prosecutors to successfully build a case, and so, they settled to focus on lesser charges, such as obstruction of justice. As a result, the defendants were given a slap on the wrist and the message was sent that complex financial fraud would not be prosecuted. All these unchecked malfeasances and the excessive risk taking by investors lead to Partnoy¿s main argument that financial markets are not in control as conventional wisdom contends.