Gillian Tett, Fool’s Gold
May 3, 2009
The excerpt from Gillian Tett’s forthcoming book in the FT is well worth reading. She explains the ways in which JP Morgan participated in pioneered credit derivatives… but why they did not get caught in the subprime mortgage debacle.
Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe’ by Gillian Tett. It is published this week by Little, Brown, £12.99, and in mid-May by Simon & Schuster in the US.