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Fool's Gold: How Unrestrained Greed ...


y66

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Gillian Tett is an assistant editor at the Financial Times. In March, she was named journalist of the year at the British Press Awards. The first of 2 excerpts from her forthcoming book about the financial crisis appears here in today's FT.

 

Michael Lewis fans will appreciate her writing style and storytelling instincts.

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Does seem quite well-written, but I hate the emotive title. When you've done a good job of explaining some of the complex issues that go into making a crisis, why weaken the argument by pinning it all on "unrestrained greed"? Well, I know why: it's because you want to sell more copies of your book. Now that is greed. Edited by david_c
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That's the UK title.

 

The U.S. title, which seems more in keeping with the story line, is Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe.

 

What's fascinating to me is how JP Morgan managed to steer clear of the stuff that did in so many others, even though, apparently, they invented a lot of it. Seems they are as disciplined as they are imaginative.

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