Reader recommendation: Fool's Gold
Monitor readers share their favorite book picks.
January 11, 2011
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 by Gillian Tett explains how the financial crisis originated and happened and her glossary is especially helpful in clarifying the financing creations. She also discusses how ignoring or considering risk made a substantial difference in how the crisis played out.