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    Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff
    Unavailable
    Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff
    Unavailable
    Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff
    Ebook539 pages7 hours

    Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff

    By Christine S. Richard

    4.5/5

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    About this ebook

    An expose on the delusion, greed, and arrogance that led to America's credit crisis

    The collapse of America's credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Street's 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 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.

    LanguageEnglish
    PublisherWiley
    Release dateMar 25, 2010
    ISBN9780470873304

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    Reviews for Confidence Game

    4.5/5

    14 ratings2 reviews

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    • 5/5
      This kept me up all night. I applaud the story telling, suspense and outcome.

      1 person found this helpful

    • 5/5
      One of the most interesting and captivating Wall Street stories I've ever read.

      1 person found this helpful