Fool's Gold : The Inside Story of J. P. Morgan and How Wall St. Greed Corrupted Its Bold Dream and Created a Financial Catastrophe

by Gillian Tett

• ISBN13: 9781416598572
• ISBN10: 141659857X
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-05-12
• Publisher: Free Press

Summary

Peter Hancock viewed almost every aspect of the world around him as a complex intellectual puzzle to be solved, and he especially loved developing elaborate theories about how to push money around the world more efficiently. When it came to his staff, he obsessively ruminated on how to build the team for optimal performance. Most of all, though, he loved brainstorming ideas. The team called his exuberant outbursts of creativity "Come to Planet Pluto" moments, because most of the notions he tossed out were better suited to science fiction than banking. But they loved his intensity, and they were passionately loyal to him. They were also bonded by the spirit of being pioneers.

Table of Contents

Preface	p. ix
Innovation	p. 1
The Derivatives Dream	p. 3
Dancing Around the Regulators	p. 23
The Dream Team	p. 41
The Cuffs Come off	p. 57
Merger Mania	p. 72
Perversion	p. 87
Innovation Unleashed	p. 89
Mr. Dimon Takes Charge	p. 104
Risky Business	p. 117
Leveraging Lunacy	p. 129
Tremors	p. 143
Disaster	p. 165
First Failures	p. 167
Panic Takes Hold	p. 180
Bank Run	p. 192
Bear Blows Up	p. 214
Free Fall	p. 227
Epilogue	p. 243
Notes	p. 255
Glossary	p. 275
Acknowledgments	p. 279
Index	p. 281
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