The spider network : how a math genius and a gang of scheming bankers pulled off one of the greatest scams in history
(Book)

Book Cover
Average Rating
Published
New York : Custom House, an imprint of William Morrow, [2018].
ISBN
9780062452993, 0062452991
Status
Description
Loading Description...
Also in this Series
Checking series information...
Copies
LocationCall NumberStatus
Oak Lawn Public Library - Stacks364.168 ENRICHOn Shelf
Thomas Ford Memorial Library - Stacks364.168 ENROn Shelf
More Like This
Loading more titles like this title...
More Details
Format
Book
Edition
First Custom House paperback edition.
Physical Desc
xiii, 513 pages ; 20 cm
Language
English

Notes

Bibliography
Includes bibliographical references and index.
Description
The Wall Street Journal's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. In 2006, an oddball group of bankers, traders and brokers from some of the world's largest financial institutions made a startling realization: Libor--the London interbank offered rate, which determines the interest rates on trillions in loans worldwide--was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed "Gollum"; the broker "Abbo," who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as "Village" (short for "Village Idiot") and fascinated with human-animal sex; an executive called "Clumpy" because of his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose." Eventually known as the "Spider Network," Hayes's circle generated untold riches --until it all unraveled in spectacularly vicious, backstabbing fashion. The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was crooked throughout, designed to promote envelope-pushing behavior while shielding higher-ups from the consequences of their subordinates' rapacious actions"--,Provided by publisher.
Reviews from GoodReads
Loading GoodReads Reviews.
Citations
APA Citation (style guide)

Enrich, D. (2018). The spider network: how a math genius and a gang of scheming bankers pulled off one of the greatest scams in history. First Custom House paperback edition. New York: Custom House, an imprint of William Morrow.

Chicago / Turabian - Author Date Citation (style guide)

Enrich, David, 1979-. 2018. The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History. New York: Custom House, an imprint of William Morrow.

Chicago / Turabian - Humanities Citation (style guide)

Enrich, David, 1979-, The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History. New York: Custom House, an imprint of William Morrow, 2018.

MLA Citation (style guide)

Enrich, David. The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History. First Custom House paperback edition. New York: Custom House, an imprint of William Morrow, 2018. Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
Staff View
Loading Staff View.