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Blood in the Water on Wall Street
W. W. Norton & Company
April 2009
On Sale: April 6, 2009
272 pages ISBN: 0393336816 EAN: 9780393336818 Paperback
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Non-Fiction
“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.
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