Devil's Derivatives
- 作者
- 出版社 Perseus
- 出版时间 2011年6月 第1版
- ISBN 9781422177815
- 定价 241.00
内容简介
Acompellingnarrativeonwhatwentwrongwithourfinancialsystem—andwho’stoblame.Fromanaward-winningjournalistwhohasbeencoveringtheindustryformorethanadecade,TheDevil’sDerivativeschartstheuntoldstoryofmodernfinancialinnovation—howinvestmentbanksinventednewfinancialproducts,howinvestorsacrosstheworldwerewooedintobuyingthem,howregulatorswereseducedbythepoliticalrewardsofeasycredit,andhowspeculatorsmadeakillingfromthenear-meltdownofthefinancialsystem.AuthorNicholasDunbardemystifiestherevolutionthatbrieflygavefinancethesameintellectualrespectabilityastheoreticalphysics.Heexplainshowbankersworldwidecreatedasecrettrillion-dollarmachinethatdeliveredcheapmortgagestothemassesandrichesbeyonddreamstothefinancialinnovators.Fundamentaltothissagaishow“thepeoplewhohatedtolose”werepersuadedtoacceptriskby“thepeoplewholovedtowin.”Whydidpeoplecometotrustandrespectarcanefinancialtools?Whowerethebankerscompetingtoassemblethebasiccomponentsintoincreasinglyintricatemachines?Howdidthisprocessachieveitsownunstoppablemomentum—endingincollapse,bailouts,andapublicoutcryagainstthegiantsoffinance?Provocativeandintriguing,TheDevil’sDerivativesshedsmuch-neededlightontheforcesthatfueledthemostbrutaleconomicdownturnsincetheGreatDepression.
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