{"product_id":"the-devils-derivatives-the-untold-story-of-the-slick-traders-and-hapless-regulators-who-almost-blew-up-wall-street-an-9781422177815","title":"The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . an","description":"A compelling narrative on what went wrong with our financial system--and who's to blame. \u003cp\u003e\u003c\/p\u003eFrom 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. \u003cp\u003e\u003c\/p\u003eAuthor 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. \u003cp\u003e\u003c\/p\u003eFundamental 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? \u003cp\u003e\u003c\/p\u003eProvocative and intriguing, The Devil's Derivatives sheds much-needed light on the forces that fueled the most brutal economic downturn since the Great Depression.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eNicholas Dunbar\u003c\/b\u003e is one of the most respected financial journalists in the United Kingdom, covering complex derivatives and risk management. He is the author of \u003ci\u003eInventing Money: The Story of Long-Term Capital Management\u003c\/i\u003e and a columnist for Reuters. In 2007, he won the State Street award for institutional financial journalism.\u003cbr\u003e\u003cbr\u003e","brand":"Harvard Business Review Press","offers":[{"title":"Default Title","offer_id":50334839308562,"sku":"9781422177815","price":20.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_2442478d-5534-408b-a2e3-0d9f44779aae.jpg?v=1727896143","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-devils-derivatives-the-untold-story-of-the-slick-traders-and-hapless-regulators-who-almost-blew-up-wall-street-an-9781422177815","provider":"Surprise Castle","version":"1.0","type":"link"}