F.I.A.S.C.O.: Blood in the Water on Wall Street

F.I.A.S.C.O.: Blood in the Water on Wall Street

by Frank Partnoy

Paperback(Reprint)

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Overview

F.I.A.S.C.O.: Blood in the Water on Wall Street by Frank Partnoy

“Applies an intelligent, clinical eye to [an] excruciatingly complex corner of the financial world.” —New York Times
A classic of its kind, Frank Partnoy’s best-selling FIASCO takes readers inside the rollicking world of derivatives on Wall Street during the mid-1990s. The book tracks Partnoy’s success as a young Morgan Stanley employee who quickly becomes steeped in a culture that treats client as targets to be “blown up” or have their faces “ripped off.” A decade later FIASCO remains one of the most damning and prescient pictures of the speculative frenzies that grip Wall Street and the victims they can leave in their wake. In Partnoy’s case they include well-publicized losses at Orange County, Barings, and Procter & Gamble, among others. A new epilogue written for this edition brings Partnoy’s story—as well as the story of derivatives—up to the present.

Product Details

ISBN-13: 9780393336818
Publisher: Norton, W. W. & Company, Inc.
Publication date: 04/06/2009
Edition description: Reprint
Pages: 271
Sales rank: 1,060,838
Product dimensions: 5.60(w) x 8.20(h) x 0.70(d)

About the Author

Frank Partnoy is the author of Infectious Greed and The Match King. He has written for the Financial Times, the New York Times, and Portfolio. He teaches law at the University of San Diego, where he lives.

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F.I.A.S.C.O.: Blood in the Water on Wall Street 4 out of 5 based on 0 ratings. 2 reviews.
little_m More than 1 year ago
The collective GDP of the entire world is something like 65-70 trillion dollars, but the amount of money involved in derivatives trades is something like 400-600 trillion dollars. Yet we read in the papers that insiders of the banking industry are resistant to regulation of derivatives. Derivatives are difficult for the layman to understand, but this insider's book on the derivatives industry gives us a basic understanding of how easily derivatives can be misused and abused, and how in this Great Recession so many of us are paying the price for that abuse. Investment bankers may not want you to read this book, but I do.
Anonymous More than 1 year ago