Overview of The Spider Network Book

In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor the London interbank offered rate, which determines the interest rates on trillions in loans worldwide was set daily by a small group of easily manipulated administrators and that they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed Gollum ; the broker Abbo, who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as Derka Derka ; a broker known as Village (short for Village Idiot ) who racked up huge expense account bills; an executive called Clumpy because of his patchwork hair loss and a broker uncreatively nicknamed Big Nose who had once been a semi-professional boxer. This group generated incredible riches until it all unraveled in spectacularly vicious, backstabbing fashion.With exclusive access to key characters and evidence, the Spider Network is not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.

• Book Type :

Economics

• Book Binding :

Paperback

• Language :

English

• Number of Pages :

496 pages

• ISBN - 10 :

0753557509

• The Spider Network Published On :

29 Mar 2017

• Resource:

Business & Economics, Economics Books for Students, Teachers, Graudates, Professionals and all others

Disclaimer:

• The Spider Network Book is not for reading online or for free download in PDF or eBook format.
• Table of Contents,Index,Syllabus,summary and image of The Spider Network book may be of a different edition or of the same title.
• Price can change due to reprinting, price change by publisher or sourcing cost change for imported books.