Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street"s Bluff (Bloomberg)
Price 11.51 - 31.61 USD
The collapse of Americaâs credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Streetâs Bluff is the story of Bill Ackman"s six-year campaign to warn that the $2.5 trillion bond insurance business was a catastrophe waiting to happen. Branded a fraud by the Wall Street Journal and the New York Times and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets. * Unravels the story of the credit crisis through an engaging and human drama * Draws on unprecedented access to one of Wall Street"s best-known investors * Shows how excessive leverage, dangerous financial models and a blind reliance on triple-A credit ratings sent Wall Street careening toward disaster Confidence Game is a real-world "Emperor"s New Clothes," a tale of widespread delusion and one dissenting voice in the era leading up to the worst financial disaster since the Great Depression. Christine Richard is a reporter with Bloomberg News whose work has been recognized by The New York Press Club and The Newswomenâs Club of New York.