Confidence Game is a tale about the dangerous delusions that humbled America's largest financial institutions and plunged the country into recession. Its heart is the story of how hedge fund manager Bill Ackman warned that MBIA Inc., a little-known insurance company, had guaranteed nearly a trillion dollars of debt. Branded a fraud in the financial press, Ackman, a short seller who stood to gain billions from the bankruptcy of the company was investigated by the Eliot Spitzer and by the Securities Exchange Commission. Today, Ackman's warning looks remarkably prescient. The invisible bond insurance business has all but evaporated and so has confidence in the markets.
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Volum 148 i BloombergSpråk:
engelsk
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Risk Management : Concepts and Guidance, Fifth Edition
The Code Economy
The Investor's Manifesto : Preparing for Prosperity, Armageddon, and Everything in Between
To Rule the Waves : How Control of the World's Oceans Determines the Fate of the Superpowers
The Little Book Bull Moves (Updated and Expanded) : How to Keep Your Portfolio Up When the Market is Up, Down, or Sideways
Men Without Work : America's Invisible Crisis
Why You Won't Get Rich : How Capitalism Broke its Contract with Hard Work
Warren Buffett and the Interpretation of Financial Statements : The Search for the Company with a Durable Competitive Advantage
Solving for Project Risk Management : Understanding the Critical Role of Uncertainty in Project Management
How Countries Go Broke : The Big Cycle
F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us
Financial Modeling and Valuation : A Practical Guide to Investment Banking and Private Equity
In Too Deep : BP and the Drilling Race That Took it Down
The New Tycoons : Inside the Trillion Dollar Private Equity Industry That Owns Everything
201 Great Ideas for Your Small Business, 3rd Edition
Trillion Dollar Economists : How Economists and Their Ideas have Transformed Business
The Voice of the Rising Generation : Family Wealth and Wisdom
Complete Family Wealth : Wealth as Well-Being (2nd Edition)
Investing 101, Updated and Expanded Edition
Family Wealth : Keeping It in the Family--How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations
The Cycle of the Gift : Family Wealth and Wisdom
Family : The Compact Among Generations
Complicit : How Greed and Collusion Made the Credit Crisis Unstoppable