000 03250cam a2200349Ii 4500
001 on1027789610
003 OCoLC
005 20180722230120.0
008 180307s2018 nyu b 001 0 eng d
040 _aIVJ
_beng
_erda
_cIVJ
_dBDX
_dOCLCQ
_dOCLCO
_dNFG
020 _a9780062452993
_q(paperback)
020 _a0062452991
_q(paperback)
035 _a(OCoLC)1027789610
092 _a364.168
_bE59
049 _aNFGA
100 1 _aEnrich, David,
_d1979-
_eauthor.
_9355452
245 1 4 _aThe spider network :
_bhow a math genius and a gang of scheming bankers pulled off one of the greatest scams in history /
_cDavid Enrich.
250 _aFirst Custom House paperback edition.
264 1 _aNew York :
_bCustom House, an imprint of William Morrow,
_c[2018]
300 _axiii, 513 pages ;
_c20 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references and index.
520 _aThe Wall Street Journal's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. In 2006, an oddball group of bankers, traders and brokers from some of the world's 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 functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed "Gollum"; the broker "Abbo," who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as "Village" (short for "Village Idiot") and fascinated with human-animal sex; an executive called "Clumpy" because of his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose." Eventually known as the "Spider Network," Hayes's circle generated untold riches --until it all unraveled in spectacularly vicious, backstabbing fashion. 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"--
_cProvided by publisher.
505 0 _aThe scam. Watching the coronation ; The hall of mirrors ; Classy people ; Peak performance ; The lucky turnstile ; The sycophants ; Your name in print ; A yacht in Monaco -- Ascendance. What's a cabal? ; Entre nous ; Gods of the sea ; In the flag room ; A slap on the wrist -- The second scam. He's the one ; Spiders ; A crook of the first order ; The unit cost of steak ; Charades -- Victory. Within the ark.
650 0 _aCommercial crimes.
_9137800
650 0 _aInterest rates.
_9315583
650 0 _aDerivative securities.
_9355453
650 0 _aInternational finance.
_997379
994 _aC0
_bNFG
999 _c270543
_d270543