Donald MacKenzie: A Major Cause of the Financial Crisis
25 June 2009
Show More Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe by Gillian Tett.
Little, Brown, 338 pp., £18.99, April 2009, 978 1 4087 0164 5Show More
“... an exciting bank. It bore the name of America’s most celebrated financier, but it was ‘dull’: safe, boring, perhaps a little snobbish. (When its current chief executive, the now well-respected Jamie Dimon, joined the bank from Bank One, whose headquarters were in Chicago, Tett reports that one Morgan banker muttered: ‘Not another retail banker from Hicksville, USA!’) The core of Tett’s ...”