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.
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Creators
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Publisher
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Release date
March 9, 2010 -
Formats
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Kindle Book
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OverDrive Read
- ISBN: 9780786741540
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EPUB ebook
- ISBN: 9780786741540
- File size: 512 KB
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Accessibility
No publisher statement provided -
Languages
- English
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