I have been on vacations and hence not been able to update the blog. While on vacations, I decided to read a book regarding the Global Financial Crisis of 2008. So I decided to read the book "Fool's Gold" written by Gillian Tett. I am simply blown away by the amount of research and in depth analysis Gillian has presented in the book. She narrates the unfolding saga of unrestrained greed creating a financial storm and wreaking havoc as if it is Sherlock Holmes detective case. She has done a marvelous job keeping in mind the non-finance background of Ms. Tett.
So what is the book all about. The book is about certain financial products such as CDOs, credit default swaps, SIVs and SPVs.
I would highly recommend the book to anyone interested in learning more about how the financial world works and how the big investment banks turned the world upside down.
So what is the book all about. The book is about certain financial products such as CDOs, credit default swaps, SIVs and SPVs.
I would highly recommend the book to anyone interested in learning more about how the financial world works and how the big investment banks turned the world upside down.
