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How I Caused the Credit Crunch: An Insider's Story of the Financial Meltdown

How I Caused the Credit Crunch: An Insider's Story of the Financial Meltdown

by TetsuyaIshikawa (Author)

  • Used

    Paperback 2009

    $4.47
Synopsis

This is a vivid and personal account of 21st century banking excess. "How I Caused the Credit Crunch" traces seven years at the forefront of the credit markets - a tale from the heart of the bewildering banking maelstrom whose catastrophic collapse has plunged the world towards the worst recession since the 1930s. Tetsuya Ishikawa's story reveals how a young Oxford graduate finds himself in command of vast sums of other people's money; how a novice to the mysteries of hedge funds, subprime mortgages and CDOs can fix complex deals for billions of dollars in the exclusive bars, brothels and trading floors of London, New York, Frankfurt and Tokyo, and reap the benefits in a colossal annual bonus and an international luxury lifestyle. Ishikawa's book, which deftly explains the arcane financial instruments now grimly associated with the credit crunch, is both a powerful tale of lost innocence and an expose of the disturbing truth of the collective folly, frailty and greed at the heart of the banking crisis.

$4.47

Save:$6.79 (60%)

Quantity

3 in stock

More Information

Format: Paperback
 Pages: 368
 Publisher: Icon Books
Published: 02 Apr 2009
ISBN 10: 1848310676
ISBN 13: 9781848310674

Media Reviews
`Anticipate brisk sales - this book succeeds as a lesson on the credit mess.' -- Bloomberg
``How I Caused the Credit Crunch' is worth reading.' -- Sathnam Sanghera, Times
`Sets a high standard for others to follow.' -- Creditflux
`If you liked `Liar's Poker,' Michael Lewis' seminal book on the financial excesses of the 1980's, then this book is for you.' -- Uk Analyst
`Taking the bestseller lists by storm.... Ishikawa's book is a vital reminder that financial markets are not the workings of cold mechanical forces, but of warm flesh and blood.' -- Transforming Business
`Told in a riveting manner. The narrative promises to grip the reader.' -- Daksesh Parikh, Business India
Author Bio
Tetsuya Ishikawa, Japanese by birth, grew up in London, and attended Eton College before reading Philosophy, Politics and Economics at Oxford University. Throughout his banking career that included Goldman Sachs, Morgan Stanley and ABN AMRO, he structured, syndicated and sold Credit Derivative, CDO and Securitisation (including subprime) products to investors globally. He was made redundant by Morgan Stanley in May 2008. He currently lives in London with his wife and children.