The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

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At the height of the roaring '20s, Swedish emigre Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. 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. He created a raft of innovative financial products-- many of them precursors to instruments wreaking havoc in today's markets. 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.


Details

Publish date March 09, 2010
Publisher PublicAffairs
Format Paperback
Pages 288
ISBN 9781586488123
1586488120

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