Infectious Greed: How Deceit and Risk Corrupted the Financial Markets

By: Frank Partnoy

Published May 28th 2004 by Holt McDougal (first published April 3rd 2003)

Category: Business

Pages: 476 pages

ISBN: 9780805075106

Description:
"Readers are unlikely to find a more readable explanation of how the financial system has changed since the 1980s and who came unstuck." --"Financial Times"
The still-unfolding financial story is terrifying. One by one, major corporations such as Enron, Global Crossing, and WorldCom are imploding all around us, prey to a greed-driven culture and dubious or illegal corporate finance and accounting. We have reached a perilous crossroads.
In a compelling and disturbing narrative, Frank Partnoy brings to bear all of his skills and experience as a securities attorney, financial analyst, and law professor to tell the story of the rise of the trading instruments and corporate financial structures that now imperil the economic health of the country. Starting in the mid-1980s, he documents how each new level of financial risk and complexity obscured the sickness of corporate America. Finally, Partnoy offers clear policies that can save our financial system.