Partnoy writes an all-too prescient parable of how unregulated markets, greed, and unchecked ambition can wreak havoc on an economic system.
In this gripping Financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten Genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market..
He created a raft of innovative Financial products-- many of them precursors to instruments wreaking havoc in today\'s markets.
Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery.
His enterprise was a rare success story throughout the Great Depression.
At the height of the roaring \'20s, Swedish migr Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies.
Partnoy writes an all-too prescient parable of how unregulated markets, greed, and unchecked ambition can wreak havoc on an economic system
