Rescue Wall Street

Author: Roger Lowenstein
Publisher:
Publication Date: 2003-01-01
Features: Two Nobel laureates in economics, former Vice Chair of the Federal Reserve, and a successful arbitrage trader from Wall Street collaboratively narrate one of the most captivating tragic stories in financial market history. A comprehensive overview of Long-Term Capital Management (LTCM): clear, engaging, and informative. Features include: dramatic narration; a highly insightful analysis of the financial world; and the subject matter is both complex and intriguing. Behind the story of LTCM described in this book lie many serious issues related to mathematics, statistics, and social context. Crucially, the book paints a vivid portrait of the financial culture: the individuals controlling an extraordinarily large sum of funds are, in fact, very ordinary people.