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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.

Book Book ([2017])
Description: xiii, 509 pages ; 24 cm
Publisher: New York, NY : Custom House, an imprint of William Morrow/HarperCollins Publishers, [2017]
4 of 5 copies available at NOBLE (All Libraries).
1 of 1 copy available at Winthrop. (Show preferred library)
1 current hold with 5 total copies.
Library Location Call Number Status Due Date
Winthrop Adult Nonfiction 364.168 Enr 2017 (Text to Phone) Available -
Beverly Main Adult Nonfiction HV 6771 .G7 E67 2017 (Text to Phone) Checked out 12/27/2018
Endicott College General Collection HV 6771 .G7 E67 2017 (Text to Phone) Available -
Lynnfield Adult Nonfiction HV 6768 .E67 2017 (Text to Phone) Available -
Reading Adult Nonfiction 364.168 ENR (Text to Phone) Available -

  • ISBN: 9780062452986
  • ISBN: 0062452983
  • Edition: First edition.
Bibliography, etc.: Includes bibliographical references (pages 473-483) and index.
Contents: The 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.
Summary: "The 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 linchpin 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"-- Provided by publisher.
Citation: Enrich, David. "The spider network : the wild story of a math genius, a gang of backstabbing bankers, and one of the greatest scams in financial history." New York, NY : Custom House, an imprint of William Morrow/HarperCollins Publishers, 2017.

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