The spider network the wild story of a math genius, a gang of backstabbing bankers, and one of the greatest scams in financial history by David Enrich

Cover of: The spider network | David Enrich

Published .

Written in English

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Subjects:

  • Interest rates,
  • Commercial crimes,
  • International finance,
  • Derivative securities

Edition Notes

Includes bibliographical references (pages 473-483) and index.

Book details

StatementDavid Enrich
Classifications
LC ClassificationsHV6768 .E67 2017
The Physical Object
Paginationxiii, 509 pages
Number of Pages509
ID Numbers
Open LibraryOL27231887M
ISBN 100062452983
ISBN 109780062452986
LC Control Number2016048389
OCLC/WorldCa952207086

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Deeply investigated by award-winning Wall Street Journal reporter David Enrich, The Spider Network is not only a rollicking account of the scam but a provocative examination of a crooked financial system, full of wheeler-dealers able to concoct elaborate connections between dollars and doughnuts, but not their rapacious actions and the law/5().

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Praised as reading “like a fast-paced John le Carré thriller” (New York Times), “compelling” (Washington Post) and “jaw-dropping” (Financial Times), The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was warped and shady throughout.

Praised as reading “like a fast-paced John le Carré thriller” (New York Times), “compelling” (Washington Post) and “jaw-dropping” (Financial Times), The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was warped and shady throughout/5(45).

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The Spider Network 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/5().

In “The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History,” David Enrich of The Wall Street Journal manages to make.

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This book, by the Wall Street Journal’s financial enterprise editor, concerns Libor. The London Interbank Offered Rate sat at the center of the interest rate setting network that spans the globe and ties mortgages to loans to debt to everything. The book is well written if just a little long.

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His first book, The Spider Network: How a Math Genius and Gang of Scheming Bankers Pulled Off On of The Greatest Scams in History was short-listed for the Financial Times Best Book of the Year award. Enrich grew up in Lexington, Massachusetts, and graduated from Claremont McKenna College in.

The Spider Network by David Enright One of the numerous outrageous financial machinations of the early twenty first was the infamous manipulation of the London Interbank Offered Rate, LIBOR. This statistic is intended to reflect day to day fluctuations in the interest rates banks in London paid for borrowing.

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