Purchase
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
Add to Wish List
Non-Fiction
At the height of the roaring ’20s, Swedish émigré 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 Kreuger’s 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 products— many of them precursors to instruments
wreaking havoc in today’s 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 CBS’s “60
Minutes,” 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.
Comments
No comments posted.
Registered users may leave comments.
Log in or register now!
| 
© 2003-2025 off-the-edge.net
all rights reserved Privacy Policy