When Genius Failed: The Rise and Fall of Long-Term Capital Management

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When Genius Failed: The Rise and Fall of Long-Term Capital Management (Audiobook) By Roger Lowenstein
Publisher: R a n d o m Ho u se 2001 | 9 hours and 10 mins | ISBN: 0375758259 | MP3 | 199 MB




On September 23, 1998, the boardroom of the New York Fed was a tense place. Around the table sat the heads of every major Wall Street bank, the chairman of the New York Stock Exchange, and representatives from numerous European banks, each of whom had been summoned to discuss a highly unusual prospect: rescuing what had, until then, been the envy of them all, the extraordinarily successful bond-trading firm of Long-Term Capital Management. Roger Lowenstein's When Genius Failed is the gripping story of the Fed's unprecedented move, the incredible heights reached by LTCM, and the firm's eventual dramatic demise.

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