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Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street’s Bluff

Amazon.com Price:  $9.29 (as of 08/05/2019 17:02 PST- Details)

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Description

An expose at the delusion, greed, and arrogance that led to The us’s credit crisis

The collapse of The us’s credit markets in 2008 is slightly perhaps the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Referred to as Wall Street’s Bluff is the story of Bill Ackman’s six-year campaign to warn that the $2.5 trillion bond insurance business used to be a catastrophe waiting to happen. Branded a fraud by the Wall Street Journal and New York Times, and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets.

  • Unravels the story of the credit crisis through an engaging and human drama
  • Draws on unprecedented get right of entry to to certainly one of Wall Street’s best-known investors
  • Shows how over the top leverage, dangerous financial models, and a blind reliance on triple-A credit ratings sent Wall Street careening toward disaster

Confidence Game is a real world “Emperor’s New Clothes,” a tale of widespread delusion, and one dissenting voice in the era leading up to the worst financial disaster for the reason that Great Depression.

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