Confidence game: how a hedge fund manager called Wall Street's bluff

Confidence Game is a tale about the dangerous delusions that humbled America's largest financial institutions and plunged the country into recession. Its heart is the story of how hedge fund manager Bill Ackman warned that MBIA Inc.,a little-known insurance company, had guaranteed nearly a trillion dollars ofdebt. Branded a fraud in the financial press, Ackman, a short seller who stood to gain billions from the bankruptcy of the company was investigated by the Eliot Spitzer and by the Securities Exchange Commission. Today, Ackman's warning looks remarkably prescient. The invisible bond insurance business has all but evaporated and so has confidence in the markets.Christine Richard (Frenchtown, NJ) is a reporter with Bloomberg News. She hascovered financial markets from Washington, Hong Kong, Singapore and New York.Her work has been recognized by organizations including The New York Society of Certified Public Accountants, The National Association of Real Estate Editors, The New York Press Club, and The Newswomens Club of New York.

• ISBN: 978-0-470-64827-8
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 352
• Fecha Publicación: 05/05/2010
• Nº Volúmenes: 1
• Idioma: Inglés