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The Match King|Frank Partnoy
The Match King : Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
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Overview

At the height of the roaring '20s, Swedish 'migr' Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after Kreuger's suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products -- many of them precursors to instruments wreaking havoc in today's markets. When his Wall Street empire collapsed, millions went bankrupt. Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS's "60 Minutes," recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.

Details

  • ISBN-13: 9781586488123
  • ISBN-10: 1586488120
  • Publisher: PublicAffairs
  • Publish Date: March 2010
  • Dimensions: 8.4 x 5.5 x 0.9 inches
  • Shipping Weight: 0.6 pounds
  • Page Count: 288

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