The Devils Derivatives

Download The Devils Derivatives full books in PDF, epub, and Kindle. Read online The Devils Derivatives ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

The Devil's Derivatives

Author : Nicholas Dunbar
Publisher : Harvard Business Press
ISBN 13 : 1422143163
Total Pages : 310 pages
Book Rating : 4.4/5 (221 download)

DOWNLOAD NOW!

Book Synopsis The Devil's Derivatives by : Nicholas Dunbar

Download or read book The Devil's Derivatives written by Nicholas Dunbar and published by Harvard Business Press. This book was released on 2011-07-12 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compelling narrative on what went wrong with our financial system—and who’s to blame. From an award-winning journalist who has been covering the industry for more than a decade, The Devil’s Derivatives charts the untold story of modern financial innovation—how investment banks invented new financial products, how investors across the world were wooed into buying them, how regulators were seduced by the political rewards of easy credit, and how speculators made a killing from the near-meltdown of the financial system. Author Nicholas Dunbar demystifies the revolution that briefly gave finance the same intellectual respectability as theoretical physics. He explains how bankers worldwide created a secret trillion-dollar machine that delivered cheap mortgages to the masses and riches beyond dreams to the financial innovators. Fundamental to this saga is how “the people who hated to lose” were persuaded to accept risk by “the people who loved to win.” Why did people come to trust and respect arcane financial tools? Who were the bankers competing to assemble the basic components into increasingly intricate machines? How did this process achieve its own unstoppable momentum—ending in collapse, bailouts, and a public outcry against the giants of finance? Provocative and intriguing, The Devil’s Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.

All the Devils Are Here

Author : Bethany McLean
Publisher : Penguin
ISBN 13 : 1101551054
Total Pages : 416 pages
Book Rating : 4.1/5 (15 download)

DOWNLOAD NOW!

Book Synopsis All the Devils Are Here by : Bethany McLean

Download or read book All the Devils Are Here written by Bethany McLean and published by Penguin. This book was released on 2011-08-30 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Hell is empty, and all the devils are here." -Shakespeare, The Tempest As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together. All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature. Among the devils you'll meet in vivid detail: • Angelo Mozilo, the CEO of Countrywide, who dreamed of spreading homeownership to the masses, only to succumb to the peer pressure-and the outsized profits-of the sleaziest subprime lending. • Roland Arnall, a respected philanthropist and diplomat, who made his fortune building Ameriquest, a subprime lending empire that relied on blatantly deceptive lending practices. • Hank Greenberg, who built AIG into a Rube Goldberg contraption with an undeserved triple-A rating, and who ran it so tightly that he was the only one who knew where all the bodies were buried. • Stan O'Neal of Merrill Lynch, aloof and suspicious, who suffered from "Goldman envy" and drove a proud old firm into the ground by promoting cronies and pushing out his smartest lieutenants. • Lloyd Blankfein, who helped turn Goldman Sachs from a culture that famously put clients first to one that made clients secondary to its own bottom line. • Franklin Raines of Fannie Mae, who (like his predecessors) bullied regulators into submission and let his firm drift away from its original, noble mission. • Brian Clarkson of Moody's, who aggressively pushed to increase his rating agency's market share and stock price, at the cost of its integrity. • Alan Greenspan, the legendary maestro of the Federal Reserve, who ignored the evidence of a growing housing bubble and turned a blind eye to the lending practices that ultimately brought down Wall Street-and inflicted enormous pain on the country. Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the meltdown and its consequences.

Summary of Bethany McLean & Joe Nocera's All the Devils Are Here

Author : Everest Media,
Publisher : Everest Media LLC
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.8/5 (225 download)

DOWNLOAD NOW!

Book Synopsis Summary of Bethany McLean & Joe Nocera's All the Devils Are Here by : Everest Media,

Download or read book Summary of Bethany McLean & Joe Nocera's All the Devils Are Here written by Everest Media, and published by Everest Media LLC. This book was released on 2022-07-21T22:59:00Z with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 The creation of the mortgage-backed security allowed Wall Street to scoop up loans made to people who were buying homes, and then resell the bundle to investors. #2 The American Dream is synonymous with homeownership. Government policy has long encouraged homeownership, and it has been a statement about values as well as upward mobility. #3 Fannie Mae and Freddie Mac were two important agents of government homeownership policy. They were both insulated from criticism. Fannie was born during the Great Depression, and its original role was to buy up mortgages that the Veterans Administration and the Federal Housing Administration were guaranteeing. #4 Wall Street developed securities that were much more appealing to investors than Ginnie Mae or Freddie Mac bonds. Tranching, or splitting the bond into different categories based on risk, was one method. The rating agencies became an important part of the process.

The Social Life of Financial Derivatives

Author : Edward LiPuma
Publisher : Duke University Press
ISBN 13 : 0822372835
Total Pages : 416 pages
Book Rating : 4.8/5 (223 download)

DOWNLOAD NOW!

Book Synopsis The Social Life of Financial Derivatives by : Edward LiPuma

Download or read book The Social Life of Financial Derivatives written by Edward LiPuma and published by Duke University Press. This book was released on 2017-08-11 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

Oxford Dictionary of English

Author : Angus Stevenson
Publisher : Oxford University Press, USA
ISBN 13 : 0199571120
Total Pages : 2093 pages
Book Rating : 4.1/5 (995 download)

DOWNLOAD NOW!

Book Synopsis Oxford Dictionary of English by : Angus Stevenson

Download or read book Oxford Dictionary of English written by Angus Stevenson and published by Oxford University Press, USA. This book was released on 2010-08-19 with total page 2093 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Dictionary of English offers authoritative and in-depth coverage of over 350,000 words, phrases, and meanings. The foremost single-volume authority on the English language.

Between Debt and the Devil

Author : Adair Turner
Publisher : Princeton University Press
ISBN 13 : 0691175985
Total Pages : 330 pages
Book Rating : 4.6/5 (911 download)

DOWNLOAD NOW!

Book Synopsis Between Debt and the Devil by : Adair Turner

Download or read book Between Debt and the Devil written by Adair Turner and published by Princeton University Press. This book was released on 2017-08-02 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why our addiction to debt caused the global financial crisis and is the root of our financial woes Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn’t happen because banks are too big to fail—our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money—the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.

Risk-Neutral Valuation

Author : Nicholas H. Bingham
Publisher : Springer Science & Business Media
ISBN 13 : 1447138562
Total Pages : 447 pages
Book Rating : 4.4/5 (471 download)

DOWNLOAD NOW!

Book Synopsis Risk-Neutral Valuation by : Nicholas H. Bingham

Download or read book Risk-Neutral Valuation written by Nicholas H. Bingham and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are discussed.

Concise Oxford English Dictionary

Author : Angus Stevenson
Publisher : Oxford University Press, USA
ISBN 13 : 0199601119
Total Pages : 1728 pages
Book Rating : 4.1/5 (996 download)

DOWNLOAD NOW!

Book Synopsis Concise Oxford English Dictionary by : Angus Stevenson

Download or read book Concise Oxford English Dictionary written by Angus Stevenson and published by Oxford University Press, USA. This book was released on 2011-08-18 with total page 1728 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Concise Oxford English Dictionary is one of the most popular choices in Oxford's renowned dictionary line. This Luxury Edition is perfect for anyone looking to invest in a reliable resource for home, school, or office. It includes unique features such as cut thumb tabs, printed endpapers, ribbon marker, with coloured head and tailbands making it a centerpiece for all bookshelves. This centenary edition of the Concise Oxford English Dictionary Luxury Edition presents the most accurate picture of English today. It contains over 240,000 words, phrases, and definitions, providing superb coverage of contemporary English, including rare, historical, and archaic terms, scientific and technical vocabulary, and English from around the world. The dictionary has been updated with hundreds of new words--including sub-prime, social networking, and carbon footprint--all based on the latest research from the Oxford English Corpus. In addition, the dictionary features an engaging new center section, with quick-reference word lists (containing, for example, lists of Fascinating Words and Onomatopoeic Words), and a revised and updated English Uncovered supplement, which examines interesting facts about the English language. Sprinkled throughout the text are intriguing Word Histories, detailing the origins and development of numerous words. The volume also retains such popular features as the hundreds of usage notes which give advice on tricky vocabulary and pointers to help you improve your use of English. Finally, the dictionary contains full appendices on topics such as alphabets, currencies, electronic English, and the registers of language (from formal to slang), plus a useful Guide to Good English with advice on grammar, punctuation, and spelling. This Luxury Edition also includes 12 months' of access to Oxford Dictionaries Online at oxforddictionaries.com.

Devil Take the Hindmost

Author : Edward Chancellor
Publisher : Penguin
ISBN 13 : 0452281806
Total Pages : 401 pages
Book Rating : 4.4/5 (522 download)

DOWNLOAD NOW!

Book Synopsis Devil Take the Hindmost by : Edward Chancellor

Download or read book Devil Take the Hindmost written by Edward Chancellor and published by Penguin. This book was released on 2000-06-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lively, original, and challenging history of stock market speculation from the 17th century to present day. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the psychology of investing changed—and not changed—over the last five hundred years? In Devil Take the Hindmost, Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to “stockjobbing” in London's Exchange Alley, to the infamous South Sea Bubble of 1720, which prompted Sir Isaac Newton to comment, “I can calculate the motion of heavenly bodies, but not the madness of people.” Here are brokers underwriting risks that included highway robbery and the “assurance of female chastity”; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton. From the Gilded Age to the Roaring Twenties, from the nineteenth century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.

Law, Bubbles, and Financial Regulation

Author : Erik Gerding
Publisher : Routledge
ISBN 13 : 1134642768
Total Pages : 654 pages
Book Rating : 4.1/5 (346 download)

DOWNLOAD NOW!

Book Synopsis Law, Bubbles, and Financial Regulation by : Erik Gerding

Download or read book Law, Bubbles, and Financial Regulation written by Erik Gerding and published by Routledge. This book was released on 2013-12-04 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial regulation can fail when it is needed the most. The dynamics of asset price bubbles weaken financial regulation just as financial markets begin to overheat and the risk of crisis spikes. At the same time, the failure of financial regulations adds further fuel to a bubble. This book examines the interaction of bubbles and financial regulation. It explores the ways in which bubbles lead to the failure of financial regulation by outlining five dynamics, which it collectively labels the "Regulatory Instability Hypothesis." . The book concludes by outlining approaches to make financial regulation more resilient to these dynamics that undermine law.

The Bathhouse at Midnight

Author : William Francis Ryan
Publisher : Penn State Press
ISBN 13 : 9780271019673
Total Pages : 518 pages
Book Rating : 4.0/5 (196 download)

DOWNLOAD NOW!

Book Synopsis The Bathhouse at Midnight by : William Francis Ryan

Download or read book The Bathhouse at Midnight written by William Francis Ryan and published by Penn State Press. This book was released on 1999-01-01 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The title of this book refers to the classic time and place for magic, witchcraft, and divination in Russia. The Bathhouse at Midnight, by one of the world's foremost experts on the subject, surveys all forms of magic, both learned and popular, in Russia from the fifth to the eighteenth century. While no book on the subject could be exhaustive, The Bathhouse at Midnight does describe and assess all the literary sources of magic, witchcraft, astrology, alchemy, and divination from Kiev Rus and Imperial Russia, and to some extent Ukraine and Belorussia. Where possible, Ryan identifies the sources of the texts (usually Greek, Arabic, or West European) and makes parallels to other cultures, ranging from classical antiquity to Finnic. He finds that Russia shares most of its magic and divination with the rest of Europe. Subjects covered include the Evil Eye, the Number of the Beast, omens, dreams, talismans and amulets, plants, gemstones, and other materials thought to possess magic properties. The first chapter gives a historical overview, and the final chapter summarizes the political, religious, and legal aspects of the history of magic in Russia. The author also provides translations of some key texts. The Bathhouse at Midnight will be invaluable for anyone&—student, teacher, or general reader&—with an interest in Russia, magic, or the occult. It is unique in its field and is set to become the definitive study of Russian magic.

The Lunacy of Modern Finance Theory and Regulation

Author : Les Coleman
Publisher : Routledge
ISBN 13 : 1317662016
Total Pages : 199 pages
Book Rating : 4.3/5 (176 download)

DOWNLOAD NOW!

Book Synopsis The Lunacy of Modern Finance Theory and Regulation by : Les Coleman

Download or read book The Lunacy of Modern Finance Theory and Regulation written by Les Coleman and published by Routledge. This book was released on 2014-08-01 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This provocative book provides insight into a finance industry that is run for the benefit of banks and service providers who rely on Beatles-era theories and regulation which are totally unsuited to the modern world. The author has a near-unique perspective based on over 30 years of working – literally around the globe – for corporates, fund managers and as finance academic. In his last role his research has focused on investment decisions, and during 2012 he interviewed 34 fund managers in Istanbul, London, New York and Melbourne. He blends rich understanding of finance theory and practice to unravel the investment industry’s structure and show how banks and other finance institutions privilege themselves at investors’ expense. The book highlights that finance industry self-regulation is weak. Risks from inexpertise, theft, bad data and other sources are high. Regulation of the industry appears to be ineffectual with the setting of such a high bar that it is virtually impossible to successfully prosecute even the most blatant and egregious offenders. The book closes with the simple suggestion that corporations’ regulations be altered to introduce the strict liability offence of being a director or officer of a large bank that becomes bankrupt. This follows the strategy of legislation that has been effective in cleaning up the environment, making workplaces safer and reducing crime by punishing those responsible for an offence.

The Devil's Feather

Author : Minette Walters
Publisher : Vintage Crime/Black Lizard
ISBN 13 : 0307266052
Total Pages : 368 pages
Book Rating : 4.3/5 (72 download)

DOWNLOAD NOW!

Book Synopsis The Devil's Feather by : Minette Walters

Download or read book The Devil's Feather written by Minette Walters and published by Vintage Crime/Black Lizard. This book was released on 2006-08-22 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: A blistering new thriller about the horrors of war and the struggle to survive in the face of pure evil. Foreign correspondent Connie Burns is hunting a British mercenary that she believes is responsible for the rape and murder of five women in Sierra Leone in 2002. Two years later she finds him training Iraqi police in Baghdad. Connie is determined to expose his crimes, but then she is kidnapped and released after three days of unspeakable torture. Silently, she returns to England and attempts to isolate herself, but it soon becomes apparent that the horrors of the world and her own nightmarish past aren’t so easy to escape from.

The Return of the Public in Global Governance

Author : Jacqueline Best
Publisher : Cambridge University Press
ISBN 13 : 1107052955
Total Pages : 277 pages
Book Rating : 4.1/5 (7 download)

DOWNLOAD NOW!

Book Synopsis The Return of the Public in Global Governance by : Jacqueline Best

Download or read book The Return of the Public in Global Governance written by Jacqueline Best and published by Cambridge University Press. This book was released on 2014-02-20 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: After decades of neoliberalism, the public is back - but in ways that challenge conventional wisdom about the public/private divide.

Traders, Guns and Money

Author : Satyajit Das
Publisher : Pearson UK
ISBN 13 : 0273778366
Total Pages : 441 pages
Book Rating : 4.2/5 (737 download)

DOWNLOAD NOW!

Book Synopsis Traders, Guns and Money by : Satyajit Das

Download or read book Traders, Guns and Money written by Satyajit Das and published by Pearson UK. This book was released on 2014-02-05 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Other People's Houses

Author : Jennifer Taub
Publisher : Yale University Press
ISBN 13 : 0300206941
Total Pages : 538 pages
Book Rating : 4.3/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Other People's Houses by : Jennifer Taub

Download or read book Other People's Houses written by Jennifer Taub and published by Yale University Press. This book was released on 2014-05-27 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: The clearest explanation yet of how the financial crisis of 2008 developed and why it could happen again In the wake of the financial meltdown in 2008, many claimed that it had been inevitable, that no one saw it coming, and that subprime borrowers were to blame. This accessible, thoroughly researched book is Jennifer Taub’s response to such unfounded claims. Drawing on wide-ranging experience as a corporate lawyer, investment firm counsel, and scholar of business law and financial market regulation, Taub chronicles how government officials helped bankers inflate the toxic-mortgage-backed housing bubble, then after the bubble burst ignored the plight of millions of homeowners suddenly facing foreclosure. Focusing new light on the similarities between the savings and loan debacle of the 1980s and the financial crisis in 2008, Taub reveals that in both cases the same reckless banks, operating under different names, received government bailouts, while the same lax regulators overlooked fraud and abuse. Furthermore, in 2013 the situation is essentially unchanged. The author asserts that the 2008 crisis was not just similar to the S&L scandal, it was a severe relapse of the same underlying disease. And despite modest regulatory reforms, the disease remains uncured: top banks remain too big to manage, too big to regulate, and too big to fail.

Developments in Information and Knowledge Management Systems for Business Applications

Author : Natalia Kryvinska
Publisher : Springer Nature
ISBN 13 : 3031275063
Total Pages : 648 pages
Book Rating : 4.0/5 (312 download)

DOWNLOAD NOW!

Book Synopsis Developments in Information and Knowledge Management Systems for Business Applications by : Natalia Kryvinska

Download or read book Developments in Information and Knowledge Management Systems for Business Applications written by Natalia Kryvinska and published by Springer Nature. This book was released on 2023-04-07 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: By highlighting ongoing progress in structural management, this book of our subseries encourages further research regarding the subject. Companies need sustainable solutions to the pressure to deal with high levels of risk and uncertainty. Many companies face this challenge and, therefore, must find new ways to deal with it. These solutions are often based on digital-influenced techniques. Previously understood knowledge, technologies, and data provide a huge assist with this goal.