The Spider Network (Hardcover)

The Spider Network (Hardcover)
The Spider Network (Hardcover)
(1) 2 shops 1 products

Detailed product description

SHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR The term "Libor" is obscure, but it determines a good deal of our financial lives-the interest rate on our credit card; our student loans; our mortgages; our car payments. How did a math genius, a handful of outrageous confederates, and a deeply corrupt banking system conspire to pickpocket you? They were in your wallet to already. 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 interest rates on trillions in loans worldwide--was set daily by a small group of easily manipulated functionaries. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a shadowy team that used hook and crook to take over the process and set rates that made them a fortune, no matter the cost to others. Among the motley crew was 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; 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. Praised as reading "like a fast-paced John le Carré thriller" (New York Times), "compelling" (Washington Post) and "jaw-dropping" (Financial Times), The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was warped and shady throughout.

The Spider Network (Hardcover)


Compare buying offers

Last updated: 2025-06-11 09:36:18
Search
Amazon Amazon

$24
walmart walmart

Product specifications

Technical details

Manufacturer -
Brand David Enrich
Item model number -
Color -
Weight -
Height -
Depth -

Additional product information

Product Id 1986550
User Reviews and Ratings 3 (1 ratings) 3 out of 5 stars
UPC 462458193541

Compare buying offers


# Title Reviews User Ratings Price
1
Search on Amazon
Price:
Search on Amazon
Search on Amazon
2
The Spider Network (Hardcover)
Price:
$24 on walmart
$24 on walmart

Similar Products View All


arrow_upward