Book : The Fix How Bankers Lied, Cheated And Colluded To Rig

-Titulo Original : The Fix How Bankers Lied, Cheated And Colluded To Rig The Worlds Most Important Number (bloomberg)

-Fabricante :

Wiley

-Descripcion Original:

The first thing you think is wheres the edge, where can I make a bit more money, how can I push, push the boundaries. But the point is, you are greedy, you want every little bit of money that you can possibly get because, like I say, that is how you are judged, that is your performance metric-Tom Hayes, 2013In the midst of the financial crisis, Tom Hayes and his network of traders and brokers from Wall Streets leading firms set to work engineering the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late night phone calls to hatch an audacious plan to rig Libor, the worlds most important number and the basis for $350 trillion of securities from mortgages to loans to derivatives. Without the persistence of a rag-tag team of investigators from the U.S., they would have got away with it....The Fix by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal, told through the journey of the man at the centre of it: a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon, but ultimately paved the way for his own downfall.Based on hundreds of interviews, and unprecedented access to the traders and brokers involved, and the investigators who caught up with them, The Fix provides a rare look into the dark heart of global finance at the start of the 21st Century. From the Inside Flap The first thing you think is, wheres the edge? Where can I make a bit more money? You want every little bit of money that you can possibly get because, like I say, that is how you are judged: that is your performance metric. -Tom Hayes, convicted former trader for UBS and Citigroup The Fix, by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal told through the journey of the man at the center of it-Tom Hayes, a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon but ultimately paved the way for his own downfall. In the midst of the financial crisis, Hayes and his network of traders and brokers from Wall Streets leading firms engineered the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late-night phone calls to hatch an audacious plan to rig Libor. Without the persistence of a rag-tag team of investigators from the U.S., they would have gotten away with it... Based on hundreds of interviews opening up unprecedented access to the traders and brokers involved in the scandal, the regulators and central bankers who failed to stop it and the investigators who caught up with them, The Fix provides a rare look into the dark heart of global finance at the start of the 21st century. From the Back Cover Told with the verve and panache of a thriller. Genuinely brilliant.-The TelegraphA great read. Buy this book!-The TimesPraise for THE FIXGenuinely brilliant. No one comes out of this story well-not the traders, not their management teams, not the regulators that were asleep on their watch and not the politicians that allowed them to nod off. Vaughan and Finch, who reported on this scandal every step of the way, have peeled back the complexity and jargon in which the fixers cloaked themselves to reveal a rotten worm at the heart of finance. -Ben Wright, Group Business Editor,The TelegraphA great read. If you want to know how and why banks ended up paying billions of pounds for fiddling a number most people had never heard of, then buy this book! -Harry Wilson, City Editor,The TimesVaughan and Finch deliver a compelling narrative of the biggest financial manipulation in history. I loved it! -Dan Hertzberg, Pulitzer-winning former Senior Deputy Managing Editor of The Wall Street JournalOne hell of an entertainin