Fiasco by Frank Partnoy

Fiasco by Frank Partnoy

Fiasco is the shocking story of one man's education in the jungles of Wall Street. As a young derivatives salesman at Morgan Stanley, Frank Partnoy learned to buy and sell billions of dollars worth of securities that were so complex many traders themselves didn't understand them. In his behind-the-scenes look at the trading floor and the offices of one of the world's top investment firms, Partnoy recounts the macho attitudes and fiercely competitive ploys of his office mates. And he takes us to the annual drunken skeet-shooting competition, FIASCO, where he and his colleagues sharpen the killer instincts they are encouraged to use against their competitiors, their clients, and each other.

George E. Partnoy is Frank Partnoy. Barrett is a professor of law and finance at the University of San Diego and codirector of the Center on Corporate and Securities Law. He is a recognized expert on the complexity of modern finance and financial market regulation around the world. F.I.A.S.C.O. : Blood in the Wall Street Waters, Infectious Greed: How Deceit and Risk Corrupted the Financial Markets, and The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals are among his many books.