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Zusatztext 'Fatal Risk is must reading for market insiders! investors! business leaders! and anyone who's wondered what really happened in 2008.' (Hereisthecity.com! April 2011).'researched extremely thoroughly' (Financial Times! April 2011).'...a vivid portrait of the giant insurer at the center of the 2008 financial crisis.' (Wall Street Journal Europe! April 2011).'A cautionary tale of corporate hubris.' (Ethical Corporation Magazine! May 2011). Informationen zum Autor Roddy Boyd is an investigative reporter who has been uncovering financial market shenanigans for more than a decade. Most recently at Fortune magazine, he also worked at the New York Post 's business desk, the New York Sun and Institutional Investor News , and has written for Slate 's "The Big Money." In addition to founding the financial investigative reporting website TheFinancialInvestigator.com, he has worked on both the buy- and sell-sides of Wall Street. Klappentext Praise for Fatal Risk "Not surprisingly given his reporting chops, Roddy Boyd has written in Fatal Risk a seminal account of how AIG willfully-and irresponsibly-came to insure much of the risk in the financial world in the first decade of the twenty-first century. Fatal Risk is must reading for anyone who wants to be entertained and to understand." - William D. Cohan , author, Money and Power: How Goldman Sachs Came to Rule the World and House of Cards "Read this book if you want to know how one of the world's largest companies played with risk and got burned." - Charles Gasparino , anchor, Fox Business Network " Fatal Risk is as in-depth as any autopsy of AIG will ever be." - Felix Salmon , columnist, Reuters.com "Woody Allen once said that his idea of pure Hell was to be buried alive with a life insurance salesman. But for the rest of us, pure Hell almost became being buried alive by the biggest insurance firm on earth. Here's the final reckoning of how that happened, when a bunch of little snowballs started rolling downhill until they gathered themselves together into the biggest insurance conglomerate avalanche on earth: AIG. Roddy Boyd has made this tale must reading for every member of every finance committee in Congress; at least they'd learn how the people of Wall Street really think." - Christopher Byron , author, Martha Inc. The inside story of the company at the center of the financial maelstrom and how it brought down the entire economic system Written by star investigative reporter Roddy Boyd, Fatal Risk is the first book to tell the complete story of AIG's pivotal role in the 2008 financial crisis. Relying on insider information available to no other reporter-including the personal notes and records of key players-he takes you behind the scenes at AIG, Goldman Sachs, and the New York Fed, to shine a light on how the company was run, how the same qualities that made it a global insurance and financial giant led to its downfall, and, ultimately, how its collapse nearly brought about the unraveling of the world financial system. Zusammenfassung Long-listed for the FT & Goldman Sachs Business Book of the Year Award 2011 The true story of how risk destroys, as told through the ongoing saga of AIG From the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered. Inhaltsverzeichnis Cast of Characters ix Introduction 1 Chapter 1 The (Noncorrelated) Dream Team 7 Chapter 2 Who Dares, Wins 31 Chapter 3 The Man with the Plan 47 Chapter 4 Changes 77 Chapter 5 The Dirt Below 99 Chapter 6 War by Another Name 121 Chapter 7 The Kids Are Alright 149 Chapter 8 In the Shipping Business 181 Chapter 9 The Preservation Instin...
