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How Deceit and Risk Corrupted the Financial Markets
Holt
February 2004
On Sale: January 20, 2004
496 pages ISBN: 0805075100 EAN: 9780805075106 Paperback
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Non-Fiction
“Readers are unlikely to find a more readable explanation of
how the financial system has changed since the 1980s and who
came unstuck.” —Financial Times The still-unfolding financial story is terrifying. One by
one, major corporations such as Enron, Global Crossing, and
WorldCom are imploding all around us, prey to a greed-driven
culture and dubious or illegal corporate finance and
accounting. We have reached a perilous crossroads. In a compelling and disturbing narrative, Frank Partnoy
brings to bear all of his skills and experience as a
securities attorney, financial analyst, and law professor to
tell the story of the rise of the trading instruments and
corporate financial structures that now imperil the economic
health of the country. Starting in the mid-1980s, he
documents how each new level of financial risk and
complexity obscured the sickness of corporate America.
Finally, Partnoy offers clear policies that can save our
financial system.
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