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 Streets evlving paradigm moved farther and farther beyond the understandingand regulationof ordinary investors and government overseers, leading inevitably to disaster.

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9781586487843

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Reviews

Ambitious . . . a useful book, bringing together details of half-forgotten scandals from the past fifteen years. -- The New York Times Book Review Frank Partnoy knows the landscape from the inside . . . a good, snappy read. -- The Washington Post

Ambitious . . . a useful book, bringing together details of half-forgotten scandals from the past fifteen years. -- The New York Times Book Review <br> Frank Partnoy knows the landscape from the inside . . . a good, snappy read. -- The Washington Post <br>

Author Information

Frank Partnoy is the author of The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals, and F.I.A.S.C.O.: Blood in the Water on Wall Street. A graduate of Yale Law School, he is currently the George E. Barrett professor of law and finance at the University of San Diego.

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