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An expose on the delusion, greed, and arrogance that led toAmerica's credit crisis

The collapse of America's credit markets in 2008 is quitepossibly the biggest financial disaster in U.S. history. ConfidenceGame: How a Hedge Fund Manager Called Wall Street's Bluff is thestory of Bill Ackman's six-year campaign to warn that the $2.5trillion bond insurance business was a catastrophe waiting tohappen. Branded a fraud by the Wall Street Journal andNew York Times, and investigated by Eliot Spitzer and theSecurities and Exchange Commission, Ackman later made his investorsmore than $1 billion when bond insurers kicked off the collapse ofthe credit markets.

  • Unravels the story of the credit crisis through an engaging andhuman drama
  • Draws on unprecedented access to one of Wall Street'sbest-known investors
  • Shows how excessive leverage, dangerous financial models, and ablind reliance on triple-A credit ratings sent Wall Streetcareening toward disaster

Confidence Game is a real world "Emperor's New Clothes," a taleof widespread delusion, and one dissenting voice in the era leadingup to the worst financial disaster since the Great Depression.

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