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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
βReaders are unlikely to find a more readable explanation of how the financial system has changed since the 1980s and who came unstuck.β βFinancial 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.
 Media BuzzMarketplace - PRI - September 29, 2009
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