Read[epub] The Spider Network The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History Written By David Enrich on Ipad Full Format
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Book Synopsis : In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor?the London interbank offered rate, which determines the interest rates on trillions in loans worldwide?was set daily by a small group of easily manipulated administrators, and that they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed ?Gollum?; the broker ?Abbo,? who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as ?Derka Derka?; a broker known as ?Village? (short for ?Village Idiot?) who racked up huge expense account bills; an executive called ?Clumpy? because of his patchwork hair loss; and a broker uncreatively nicknamed ?Big Nose? who had once been a semi-professional boxer. This group generated incredible riches ?until it .
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