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Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
PublicAffairs
April 2009
On Sale: April 13, 2009
288 pages ISBN: 1586487434 EAN: 9781586487430 Hardcover
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Non-Fiction
At the height of the roaring β20s, Swedish Γ©migrΓ© Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after Kreugerβs 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 productsβ many of them precursors to instruments wreaking havoc in todayβs 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 CBSβs β60 Minutes,β 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.
 Media BuzzDaily Show with Jon Stewart - May 11, 2009 Diane Rehm Show - NPR - May 4, 2009
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