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FIASCO: Blood In the Water on Wall Street
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FIASCO: Blood In the Water on Wall Street

By: Frank Partnoy

Business & Management Business & Economy
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'F.I.A.S.C.O. is a ringside seat on the nastiest and most important game being played on Wall Street today. Think of derivatives trading as a blood sport, with the unsuspecting consumer as prey. Read this book, or else...' Michael Lewis, author of Liar's Poker. Derivatives brought down Barings and in America bankrupted Orange County local government. They are a bomb waiting to go off in the rest of the world. As one trader said (in taped court proceedings): 'funny business, you know? Lure people... into that calm and then just totally fuck 'em'.

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