Research Catalog

F.I.A.S.C.O. : the inside story of a Wall Street trader / Frank Partnoy.

Title
F.I.A.S.C.O. : the inside story of a Wall Street trader / Frank Partnoy.
Author
Partnoy, Frank.
Publication
New York : Penguin, c1999.

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TextUse in library HG6024.U6 P37 1999gOff-site

Details

Description
283 p.; 20 cm.
Summary
"Fiasco is an insider's diary, a shocking education in the jungle of high finance in the 1990s from New York to Tokyo. It tracks the progress of a young Morgan Stanley salesman as he learns the ropes of this sophisticated and ruthless web, where billions of dollars are lost in the creation and trading of securities so unlikely and so complicated that almost nobody understands them." "Frank Partnoy presents a world filled with feral "rocket scientists" - the clever masterminds who persuade unsuspecting victims to buy derivatives (whose value is linked to or "derived" from some other security). These salesman often joke about their creations as weapons of mass destruction; and, in fact, the clients are often "blown up" or have their "faces ripped off." Against such well-trained salesmen, buyers often don't stand a chance, and the actual fiascos involve well-publicized losses at Orange County, Barings, Procter & Gamble and many others." "Frank Partnoy's book is partly comical and brims with incredible characters, but his revelations should stir fear in anyone who owns mutual funds, stocks, or even insurance."--BOOK JACKET.
Alternative Title
  • FIASCO : the inside story of a Wall Street trader
  • Inside story of a Wall Street trader
Subjects
Note
  • "Fixed Income Annual Sporting Clays Outing."
Contents
1. A Better Opportunity -- 2. The House of Cards -- 3. Playing Dice -- 4. A Mexican Bank Fiesta -- 5. F.I.A.S.C.O. -- 6. The Queen of RAVs -- 7. Don't Cry for Me, Argentina -- 8. The Odd Couple -- 9. The Tequila Effect -- 10. MX -- 11. Sayonara.
ISBN
  • 0140278796 (pbk.)
  • 9780140278798 (pbk.)
LCCN
99938360787
Owning Institutions
Columbia University Libraries