The Darlings: A Novel

The Darlings: A Novel

by Cristina Alger


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Product Details

ISBN-13: 9780143122753
Publisher: Penguin Publishing Group
Publication date: 12/24/2012
Pages: 352
Sales rank: 98,874
Product dimensions: 5.50(w) x 8.40(h) x 0.80(d)
Age Range: 18 Years

About the Author

Cristina Alger graduated from Harvard College and from New York University Law School. She has worked as an analyst at Goldman, Sachs & Co., and as an attorney at Wilmer, Cutler, Pickering, Hale & Dorr. She lives in New York City, where she was born.  Alger is at work on her second novel, coming soon from Pamela Dorman Books/Viking.

What People are Saying About This

From the Publisher

“Alger’s novel is a realist fiction that marks the revival of the finance novel today. . . . Never before have stories seemed more important. It’s one of the virtues of Alger’s novel that it brings this point home to us—from finance, into fiction. And (hopefully) back.”
Los Angeles Review of Books

“Alger, who has worked at Goldman Sachs as well as at a white-shoe law firm, knows her way around 21st-century wealth and power, and she tells a suspenseful, twisty story.”
Wall Street Journal

“What happens to the Darling family in the course of a weekend is what carries this tale along, but it’s Alger’s description of quintessential New Yorkers, and how they survive, that adds the extra layer. . . . Alger has what it takes, in the best sense of the phrase.”
USA Today

“Forget Gossip Girl: If you really want a peek into the scandalous lives of New York City's elite upper class, Alger's debut novel—set during the financial downturn of 2008—gets you pretty close. . . . The Darlings moves so fast that it feels more like a thriller than a social drama.”
Entertainment Weekly

“Penned by a former banker, this is a dishy yet thoughtful portrait of greed gone too far . . . A page-turner.”
Good Housekeeping

“Two parts Too Big to Fail, one part The Devil Wears Prada, Alger’s debut is taut and compelling.”
Publishers Weekly

“Probably the most compulsively readable fiction to come out of the Wall Street financial scandal so far. . . . Alger knows the ins and outs of both Wall Street and an upscale NYC lifestyle, nailing all the details . . . Delicious reading.”

“…A financial thriller with a tone that fits somewhere between the novels of Dominick Dunne . . . and Tom Wolfe’s The Bonfire of the Vanities.”
Library Journal

“Cristina Alger is so good, you just know she’s an inside trader—as intimately familiar with the inner workings of Wall Street investment banks as she is with haute Manhattan social life.  She’s also a gifted storyteller.  The Darlings is an utterly compelling novel, as knowing about family as it is about money and social status, and may be the best literary product of the financial crisis to date.”
Jay McInerney, New York Times bestselling author of The Good Life

“For those who have only gazed up at the palatial residences of Manhattan, this is a glimpse from the penthouse down.”
Tom Rachman, New York Times bestselling author of The Imperfectionists

“Cristina Alger’s debut novel offers a fresh and modern glimpse into New York’s high society.  I was hooked from page one.”
Lauren Weisberger, New York Times bestselling author of Last Night at the Chateau Marmont

“A rare, glittering glimpse into Manhattan’s banks, bedrooms, and private clubs, a material and psychological world rendered with extraordinary detail.  A smart, gripping tale . . . complex and mesmerizing.”
Sarah Houghteling, author of Pictures at an Exhibition

“Cristina Alger has written a racing, vivid, multi-vocal chronicle of the new gilded age, with equal shades of Jay McInerney and Bernie Madoff.  Start reading it and in three hundred pages or so you'll feel like a consummate New York insider, too.”
Charles Finch, author of A Burial at Sea

Reading Group Guide


On the chilly afternoon the day before Thanksgiving, passersby along Manhattan's 71st Street and Lexington Avenue are too busy to look twice at the black Mercedes station wagon waiting at the stop light. The man in the driver's seat, financier Carter Darling, is too preoccupied with news of his business partner's suicide to notice them either. But Carter would be wise to look out his windows and enjoy not meeting angry stares; this is one of the last times he—or any of the illustrious Darlings of New York City—will move unnoticed through the streets of Manhattan..

Downtown, Carter's son–in–law Paul Ross is also reeling from Morty Reis's suicide. Even before Paul married Carter's daughter, Merrill, he was struck by how fiercely loyal his new family was, especially during hard times. This loyalty was on full display when Carter brought Paul on board at Delphic, the esteemed firm that's made the Darlings one of the elite families in the city. Paul is certain that the Darlings will, as always, band together in the wake of this tragedy. But Paul has yet to realize that Morty's suicide isn't the worst they'll endure.

In the suicide's aftermath, Paul learns that Morty's hedge fund is a sham, a black hole where scores of millions of dollars—including funds from Delphic—have disappeared. The allegations of monumental fraud and conspiracy, if true, could bring the financial world to its knees. As Delphic's general counsel, Paul is one of the principal targets of the investigation. How could Delphic's management not know that 30 percent of its investments is fake? Do they not verify where their money goes? As the evidence mounts, it becomes clear that Carter Darling isn't what he seems. His reputation as a trusted business leader and squeaky–clean family man is merely an illusion—one that Carter is desperate to protect.

To avoid taking the fall for Carter's wrongdoing, Paul must fight to keep his life and marriage from being torn apart. But could Merrill forgive him for turning against her father? And what will become of the Darlings once Carter's secrets are exposed? Cristina Alger's debut novel The Darlings takes us behind the closed doors of posh Park Avenue townhouses and million–dollar offices. At its heart is a family staring down its own demise. But the Darlings have far more to fear from each other than from the scandal that threatens to destroy them.



Cristina Alger received her BA from Harvard College and a law degree from New York University School of Law. She has worked as an analyst at Goldman Sachs and as an attorney at Wilmer, Cutler, Pickering, Hale, & Dorr. She was born in New York City, where she currently resides.



Q. In a 2011 interview, Ruth Madoff, husband of convicted Ponzi–scheme perpetrator Bernard Madoff, presented a bleak picture of her life, quite similar to what Ines fears will happen to her. She says that she and her husband even attempted suicide (The New York Times, October 26, 2011). What are your personal feelings about how she and her family were treated by the press and their former friends? Is there any way she could have come through as a sympathetic character? Could Ines?

I found the Madoffs to be remarkably unsympathetic, and for that reason, utterly fascinating. I think that a lot of viewers tuned into that interview in the hopes of glimpsing Ruth Madoff's humanity. I know I did. It's easy to write her - or her husband - off as villains, but it doesn't get us any closer to understanding her. One of the most challenging and rewarding aspects of writingThe Darlings was trying to craft characters who evoke both sympathy and anger. I think in fiction, as in life, there are few true heroes and few true villains. Everyone has a bit of both in him.

Q. All of the characters have trouble striking a balance between their careers and their personal lives. Is it possible for people with high–level careers in investments or finance to maintain strong marriages and relationships?

I think it's a real challenge. Maintaining a high–level career in finance require an enormous amount of time and focus, often at the expense of personal relationships. I see my friends struggle with it every day, particularly now that many of them are starting families. I do believe it's possible, though; my parents did an incredible job of managing the demands of my father's career while raising me. In retrospect, I think my father slept about four hours a night, and I imagine both he and my mother made innumerable untold sacrifices to make everything work. But somehow, my dad managed to eat dinner with me almost every night, and he never missed one of my lacrosse games. I always had the sense that as important as his career was to him, family came first.

Q. Manhattan is, more than simply a backdrop, almost a character in the story. What are the particular advantages and drawbacks to setting a novel there?

Manhattan is such a dynamic place; it's got as much personality and inner life as any character. I've lived here my whole life. When writing about it, I felt as though I was writing about a family member: someone I love most of the time, occasionally despise, but in the end, someone to whom I am ferociously loyal. For the most part, that familiarity was an advantage. At times, though, I had to remind myself that Manhattan is many things to many people. It was a challenge to step back and try to see the city through the eyes of some of my characters.

Q. At several points in your novel, characters consider leaving New York—either to escape scandals or to live a more convenient, slower–paced life. Are there times you've considered leaving? If so, what's prevented you from doing so? How has living in New York changed for you since the financial crisis began and since 9/11?

I have. For one thing, it's a terribly expensive place to live. But the energy here is incredible; it's infectious. I've never found anything quite like it anywhere else in the world. New Yorkers have such drive and intellectual curiosity, and also a certain mental toughness that I really respect. I thought the city showed remarkable resilience after 9/11, and it has again in the wake of the financial crisis. That's what I love most about New York: it has the strength to pick itself up and dust itself off after the toughest blows.

Q. Merrill has a client named Elsa whose “suits were now designer . . . but they were just as short, and just as loud as they had been when she had first started at Vonn. . . . the guys on the team were too quick to judge her based on her appearance. This really got under Merrill's skin.” (p. 108) What are the challenges that face women in the financial industry? Did you have any problems being taken seriously by your male coworkers?

I've been really fortunate when it comes to co–workers. But sure, there were times working in such a male–dominated environment was a challenge for me. For the first few years, I couldn't for the life of me figure out what to wear. I think women are very conscious of being judged on the basis of their appearance, and especially at the beginning of my career, I lived in perpetual fear of not being taken seriously by the guys in my office. Unfortunately for me, that fear led to many years of unflattering pantsuits and sensible heels. It was only when I started proving myself that I branched out into skirts and the occasional stiletto.

Q. With which of your characters do you most identify and why? Were any of the characters more difficult to craft than others?

I probably identify most with Merrill, though I see glimmers of myself in many of the characters. Her struggle to create her own identity while still being a loyal and devoted family member is, to me, very relatable and real. Honestly, I feel as though the characters crafted themselves. Once I had a basic framework for the family, I sat down and started writing, and the characters just blossomed as I went. It was a really fun process.

Q. How have your colleagues and friends in finance reacted to your book? Are there any professional lessons they should take away from reading it?

The book isn't out yet, so most of my friends and former colleagues haven't had a chance to read it. I hope when they do they are able to identify with it, to say, “Yes! This feels real to me.” I tried to capture New York at a specific moment in time in a way that would feel authentic to those who had experienced it firsthand. I don't know if there's necessarily a professional lesson to be learned, but I did want to end the book on a positive note. I came out of the financial crisis with the hope that a new moral order would emerge from the wreckage. I think that remains to be seen, but The Darlings leaves the door open for change.

Q. What are some authors and books that have influenced your writing?

Tom Wolfe's The Bonfire of the Vanities is to me, the quintessential New York book. It's pitch–perfect in its portrayal of New York, and the financial community in particular. I read it more than once while I was writing The Darlings. I found similar inspiration in Jay McInerney's Bright Lights, Big City and Claire Messud's The Emperor's Children. I also found myself reading a lot of financial nonfiction while writing The Darlings. Andrew Ross Sorkin's Too Big to Fail and James B. Stewart'sNew Yorker essay “Eight Days” come to mind as exceptionally well researched and well written works that influenced my writing. Both were useful as background, but more important, they highlighted how exciting and dramatic the world of finance can be. Financial crime can be either terribly dry or spellbinding subject matter; it's up to the author to capture the reader's interest and not let go until the last page.

Q. What do you consider to be the central theme of your book?

To me, The Darlings is really about family and identity. I think figuring out who you are and what you believe in, especially in relation to your family, is one of the primary challenges of adulthood.

Q. The Darlings is your first novel. What were some challenges you faced, either expected or unexpected, while writing it? What led you to writing a novel? Are you writing anything now?

I think the biggest challenge for me has been opening myself up to the concept of public scrutiny. I've got a terribly thin skin, and any member of my family can tell you that I take any sort of criticism to heart. So it's been a big leap for me to put myself out there. I'm still adjusting to it and to be honest, I probably won't ever feel fully comfortable with having my work available for all to judge. But I absolutely love what I do and it's a very small price to pay for the privilege of getting to write all day long. I am working on a second novel now. I feel a bit like Sisyphus starting all over again at the bottom of the hill, but I'm starting to fall in love with my new characters the way I did with the Darlings.


  • Explain what the author means by, “The Darlings were people of privilege, and people of privilege was what they would remain, no matter what the cost.” (p. 127) What do you think are the must–haves or must–dos for people like the Darlings? Which aspects of their privileged life sound alluring? Which don't?
  • Paul feels somewhat trapped in the life that he thought he wanted so badly when he married Merrill. In what ways has marrying into the Darling family been a blessing and a curse?
  • Describe the relationship—professional and socially—between Duncan and Marina. How is it mutually beneficial? How does their relationship change over the course of the novel?
  • Ines laments what her life will be like after the scandal: “She would make a lifetime of avoiding the people she had once worked so hard to befriend. Even getting coffee at the deli around the corner would be a gauntlet run. She would have to wear a hat and slip in and out, unnoticed.” (p. 217) Are Ines's fears of being ostracized well founded? Do you believe she had any inkling what her husband was up to? What are ways that she could have stopped things from getting out of hand?
  • Who is the hero in this novel? Why?
  • Lily has “accepted her mother's determination that Merrill was smart and Lily was pretty.” (p. 40) How has Ines's determination affected each of her daughters' lives? Compare their reactions to their family's tragedy.
  • Schadenfreude is the enjoyment we obtain from the troubles of others. The Darlings know their story will be a media sensation. Why do we love watching famous, wealthy, or powerful people fall from grace? What are some recent examples? How is the media helpful in scandals such as the one described here? How is it harmful?
  • Yvonne says, “They were willing to sell out family, to save themselves. That's a line that I just don't ever want to cross.” (p. 294) What do you think of her sentiment? How would your opinion of her change if Paul hadn't been implicated and she allowed someone else to take the fall? What were her true motives for giving information against her employer? Were her motives noble?
  • Denial is a theme that runs through The Darlings. Paul hoped that “with time and a little distance, the complications of the past might slip away.” (p. 78) At Thanksgiving dinner, they move Morty's empty chair “all the way down to the basement, completely out of sight” (p. 187). What are other instances in the novel where characters deny or avoid a problem? What are times when characters address problems head–on? How are the outcomes different?
  • How do you think Carter's and Ines's descriptions of their marriage might differ? According to Ines, she stayed married to Carter so their daughters would grow up having everything she didn't. What are some other reasons she might have stayed in a failed marriage?
  • When she actually gets a chance to be a journalist, Marina finds new purpose and new energy. Who are some other characters who might have benefited from meaningful work? Who among the characters are the hardest workers?
  • Customer Reviews

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    The Darlings 3.8 out of 5 based on 0 ratings. 43 reviews.
    ckgaughan More than 1 year ago
    The Darlings is an incredible book - my favorite read in years!! I cannot recommend it enough. The characters were rich and complex. The narrative was wonderful; once I picked it up, I couldn't put it down.
    Anonymous More than 1 year ago
    This is a work of non-fiction, not fiction. It's basically identical to the story of Bernie Madoff, down to his East 64th Street address in Manhattan and Lily Pond Lane in East Hampton. His son-in-law Paul is basically the story of his sons, Mark and Andrew. Read about half and I'm done. It's yet another book about a Ponzi scheme. I can even figure out the referrals to real life characters -- including the shady accountant in Westchester, the law firm which resembles Irving Picard's firm and those at the SEC. Nothing fiction about this book!
    Anonymous More than 1 year ago
    The Darlings held my attention through the first half, primarily because the descriptions and back stories on the characters were very good. But the second half went downhill quickly. I was just plowing through to get it over with. And the end of the story was incredibly anticlimatic and disappointing.
    Pamela_G_S More than 1 year ago
    The Darlings is a very timely story about the rich and powerful at the height of a financial crisis. The upper crust have their problems too as they are impacted with loss, scandal and politics. It’s a different slant on the type of suffering of the super wealthy versus the suffering of the “little guy”. This is a terrifying story of affluence gone wrong and the downward spiral that it causes to all attached parties. This isn’t for the faint of heart.
    bookchickdi on LibraryThing 23 days ago
    I read this novel expecting it to be a take on the Bernie Madoff Ponzi scheme. To a certain extent it was, being about a family whose work and family lives were entangled in a financial scandal. Carter Darling employed both of his sons-in-laws, one of whom was just along for the ride and one, Paul, who just came aboard after losing his job as an attorney at the beginning of the recession.Not many of the wealthy characters are very likable in this book, except for Paul and Merrill. Although Carter came from a working-class background, he was now one of the 1%ers. He spoiled his wife and daughters, and lived a lifestyle to which most people cannot relate. While reading this book, I thought that there were too many tangential characters. They didn't seem to be moving the story along, I didn't know why they were there. By the end of the story, Alger had put all of the pieces of the puzzle together so cleverly I had to admire her skill. Every character leads to something important.I also enjoyed her descriptions of characters, like this one: "Theresa Frankel was a middle-aged woman who looked as though she resided permanently at the intersection of boredom and disinterest."One sentence and you knew immediately who Teresa was.The Darlings is a well-crafted story, and even if you don't like most of the characters, you'll want to see where this story is going. And Alger throws in a twist at the end that is a game-changer.
    tututhefirst on LibraryThing 23 days ago
    Usually when I get an audio, I like to listen to the first 20-30 minutes (sort of like leafing through a book) to get a feel for the cadence, the characters, and a gist of the plot. At the 2 1/2 hour point, I had to force myself to turn off the audio so I could at least have a human conversation at the dinner table! I was hooked from the beginning. I spent the next day doing a lot of driving, swimming, and just plain lazy listening to this one. I literally could not stop!Although I thought at first this might be a re-hash of the same kind of story I'd read last year by Stephanie Madoff Mack recounting her tribulations being Bernie Madoff's daughter-in-law, this did not turn out to be anything like that. What Alger has done is to give us a psychological, edge of the seat "who's going to screw whom" mystery! The setting is pure New York upper-crust, high society glitz. It has it all--the designer clothes, expensive jewels, flashy cars, doormen, weekend homes in the Hamptons, weekday co-ops in town, poorly paid minions, overworked secretaries, society matrons: a good glimpse into the world of the 1%. The characters will be loved by some, detested by many others. The story is familiar to anyone who has read a newspaper or listened to a talk show in the last decade. But the marvelous evil plot twists have the reader clinging to every page, waiting to see how (or whether) the principal character is able to emerge a free man after he becomes unwittingly enmeshed in the inevitable back-stabbing, shark infested waters of Wall Street hedge fund managers and their uber expensive lawyers.Alger blind-sides us with a fantastic and unexpected ending (she had me pumping my fist and yelling YES!) and then ties up the story with an epilogue to satisfy our "But what about?s" It is an altogether satisfying read that is especially well-suited to the audio format, and the sonorous tones of Jonathan Fried's narration.
    readingwithtea on LibraryThing 23 days ago
    ¿In his experience, it was usually the least assuming guy in the room who turned out to be the most interesting¿Paul Ross lost his job with Wall Street¿s favourite law firm when US banks started going under, and when his hedge fund founding father-in-law Carter Darling offered him a job, he was grateful for the opportunity. As the banking crisis deepens and litigators¿ knives sharpen, Paul finds himself in a terrible situation ¿ to save himself or his wife¿s family?This impressive debut reminded me of a number of books I¿ve read in the past year: Wendy Burden¿s autobiography telling the life of the rich and famous, as well as Jennifer Egan¿s (irritating) pastiche of interconnected lives, and to a lesser extent John Grisham¿s tale of a lawyer who gets in far too deep. However, Alger does what I thought was impossible ¿ she makes the banking crisis interesting and relevant to the average professional. The environment might be foreign to most of us, but the fear of firms going under, of emails being dredged, of lawyers stomping around is one that has simmered in most firms since 2008, andI didn¿t enjoy the way in which the tale was told ¿ from constantly varying perspectives, but apart from a few characters who could have been painlessly excised, the device worked well, keeping suspense up. A few times I felt the suspense was overdone; a chapter would end with some minor revelation but obviously anonymous pronouns, an affair was revealed but the identity of the woman involved was hidden. Nevertheless, this is an impressive debut and I¿m sure Alger¿s writing will lose some of its overeagerness in time.Alger conjures the opulent lives of New York¿s richest without overdoing it ¿ we have no doubt that these are unhappy people. Paul is overworked but happily married to a remarkably normal woman, annoyed with who he has become without really any way to change it. Carter is simultaneously hopeless and ebullient, lost in the web constructed by those he trusts.A riveting and impressive debut, with a bit of room for improvement.
    pdebolt on LibraryThing 23 days ago
    The Darlings, set in post 9/11 NYC, is a riveting, thoroughly researched novel about a financial crisis involving billions of dollars invested in what was assumed to be a credible institution by many trusting investors. If it weren't for the economic chaos created by Bernie Madoff, this would be less-than-believable fiction. Its focus is on those intimately involved in a scandal that shakes the foundation of many lives. At the heart of the novel are the wealthy, privileged Darlings, Carter and Ines, and their two adult, married daughters, who have an enviable lifestyle until it disappears overnight. There are peripheral characters whose lives are also broken as a result of scandal and betrayal. Called into question is the matter of ethics, both personal and professional, that provides a haunting counterpoint as the drama unfolds. I found this novel to be intriguing and very well written.
    sworsnup on LibraryThing 23 days ago
    When you¿re not part of the 1%, it¿s hard to sympathize with them. But the author created main characters with heart. The story was fast paced and kept me interested. Despite not knowing much of the financial world, it was conveyed in a way that I could follow.
    Beamis12 on LibraryThing 23 days ago
    Written by a former analyst at Goldman Sachs, this novel portrays the wealthy society and the financial shenanigans that brought about the crisis on Wall St. She does this very well, as I have to say that I really did not like any of these characters at all, except for Paul. He finds himself part of the family and working for his father in law and must figure out where his loyalties lie. A twist at the end, well at least I didn't expect it. The games the rich play, the pressures and the stress, all for the sake of money. This is based on an ARC provided by the publisher.
    Anonymous More than 1 year ago
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    Ilovemister More than 1 year ago
    This was a really good book. Highly Recommended.
    Anonymous More than 1 year ago
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    anovelreview_blogspot_com More than 1 year ago
    Paul Ross is married to Merrill Darling, whose daddy just happens to be Carter Darling a billionaire financier. When Paul loses his job his wife persuades him to take a position in her dad's company as the head of the legal team at Carter's hedge fund.  When an unexpected suicide of a dear friend of the Darlings puts a spot light on the hedge fund and a regulatory investigation begins. An old friend from the SEC meets with Paul with a chance to turn on the Darlings or go down with the ship.  The Darlings is an energized novel filled with characters, New York high society, and reminiscent of the 2008 financial crisis.  For me, this wasn't a book I could just sit down with and read right through. First there are so many characters to get straight and for awhile you don't see how one fits to the others. Once the story gets moving you really get a strong sense of who Paul is. I personally really liked him. And you felt for him. The more you read the more you will want to read! I really wasn't sure what was going to happen and like I said you really aren't sure who some of these people are and how they are going to play into the story line. But then they do...the big AHA moments start to happen.  I really thought The Darlings gave a really unique look at the Wall Street types we are always hearing about in the news. I guess you kind of expect them to have these amazing lives, but for me their lives seemed to be lacking. But don't confuse that with the book! I very much recommend The Darlings by Cristina Alger and it didn't lack anything!
    JulieWallace More than 1 year ago
    This book is like a puzzle, different characters are introduced and you don’t know how all the pieces come together, but they do come together and very compellingly. The time stamps before the chapters keep the excitement going. You experience with the Darling family what should’ve been a festive Thanksgiving weekend and instead you live the nightmare of how quickly your whole world can turn upside down. You meet many different characters and you have sympathy for them and how they got to this point.  It really gives you the inside view of the rich and famous of the financial world.  It makes sense that Bravo and Fox Television are developing the novel into a TV series; it will be very intriguing and I’m eager to see it come to life. The author was very knowledgeable in the financial world. All the characters were very real and when they were introduced you got a real feel of who they are and what makes them tick.  I’m looking forward to  reading this continued series, it's great writing.  
    Anonymous More than 1 year ago
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    Great read!  
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