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The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System
book

The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System

by Theodore Roosevelt Malloch, Jordan D. Mamorsky
April 2013
Intermediate to advanced
256 pages
7h 2m
English
Wiley
Content preview from The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System

Contents

Foreword

Acknowledgments

Introduction

Prologue

Part One: Economic Vice

Chapter 1: The Selfish Betrayal of the Global Investor: Libor and Its Consequences

The Calculation of Libor

The Rise and Fall of the World’s Financial Benchmark

Knowingly Asleep at the Wheel

A Troubling New Normal

Notes

Chapter 2: Jon Corzine’s Fallen Empire of Risk: MF Global

History of MF Global

Jon Corzine’s Midwestern Roots

The Rise of “Fuzzy”

The Establishment of MF Global

Rogue Trader Scandal

From Gubernatorial Disgrace to MF Global CEO

MF Global under Corzine

Risk Governance Failures

Notes

Chapter 3: The Continued Rating Agencies Game: Will Rating Agencies Be Reined in for the Sake of Global Market Stability?

History of Rating Agencies

Mortgages and the Ratings Boondoggle

Notes

Chapter 4: Belligerent Leadership and the Demise of Lehman Brothers

History of Lehman

Brewing Anger

Uncaging the “Animal”

Culture of Anger

Increasing Risk and Authority

Walsh’s Rise

A Gorilla Bursting the Bubble

Extreme Leverage

The Deception of Repo 105

Fuld’s Marginalization of Risk Management

Fuld’s Last Chance to Save Lehman

Notes

Chapter 5: How Out-of-Control Pride Brought Down Bear Stearns

History of Bear

A Different PSD

Greenberg’s Vision of Corporate Thrift at Bear Stearns

Bridge Bum Turned Bear Salesman and CEO

A Casino Culture

BSAM: Bear Stearns’ Kryptonite

“Never a Losing Month”

The End of Bear Stearns: The Importance of Golf and Bridge during a Liquidity Crisis

JP Morgan and the Takeover of Bear

Notes

Chapter ...

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Publisher Resources

ISBN: 9781118550274Purchase book