The spider network : the wild story of a math genius, a gang of backstabbing bankers, and one of the greatest scams in financial history
(Book)

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Published
New York, NY : Custom House, an imprint of William Morrow/HarperCollins Publishers, [2017].
ISBN
9780062452986, 0062452983
Status
Downers Grove Public Library - 2nd Floor - Adult
364.168 ENR

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Format
Book
Edition
First edition.
Physical Desc
xiii, 509 pages ; 24 cm
Language
English

Notes

Bibliography
Includes bibliographical references (pages 473-483) and index.
Description
"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 linchpin 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. [This book] 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.

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Citations

APA Citation (style guide)

Enrich, D. (2017). The spider network: the wild story of a math genius, a gang of backstabbing bankers, and one of the greatest scams in financial history. First edition. New York, NY: Custom House, an imprint of William Morrow/HarperCollins Publishers.

Chicago / Turabian - Author Date Citation (style guide)

Enrich, David, 1979-. 2017. The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. New York, NY: Custom House, an imprint of William Morrow/HarperCollins Publishers.

Chicago / Turabian - Humanities Citation (style guide)

Enrich, David, 1979-, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. New York, NY: Custom House, an imprint of William Morrow/HarperCollins Publishers, 2017.

MLA Citation (style guide)

Enrich, David. The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. First edition. New York, NY: Custom House, an imprint of William Morrow/HarperCollins Publishers, 2017. 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.

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