Frank Partnoy delivers a thrilling history lesson about an era and a nearly century-old Wall Street scandal rooted in unscrupulous investment banking and derivative hedge funds techniques developed by one man--Ivar Kreuger. Kreuger made his fortune in the 1920s by raising money from American investors to lend to European governments in exchange for match monopolies. Then he suddenly committed suicide in 1932. As his fraudulent schemes unraveled in the wake of his death, the so-called qKreuger crashq began, bankrupting millions and leading to the enactment of the securities laws of 1933 and 1934.In effect, Ivar would get an extra 5million dollars ifFrance prepaid its loan right away. It wasunclear whether the ... Ivar was becominga real threat, and his new proposal would harm Morgana#39;s business.It wasna#39;t just that Ivara#39;s loan would erode anbsp;...
|Title||:||The Match King|
|Publisher||:||PublicAffairs - 2009-04-13|