Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff

Christine S. Richard

Jul 2020 · Gildan Media · Narrated by Caroline Shaffer

5.0

2 reviews

Audiobook

13 hr 30 min

Unabridged

Eligible

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About this audiobook

Confidence Game is a tale about the dangerous delusions that humbled America's largest financial institutions and plunged the country into recession. Its heart is the story of how hedge fund manager Bill Ackman warned that MBIA Inc., a little-known insurance company, had guaranteed nearly a trillion dollars of debt. Branded a fraud in the financial press, Ackman, a short seller who stood to gain billions from the bankruptcy of the company was investigated by the Eliot Spitzer and by the Securities Exchange Commission. Today, Ackman's warning looks remarkably prescient. The invisible bond insurance business has all but evaporated and so has confidence in the markets.

Ratings and reviews

5.0

2 reviews

Jerry B

January 7, 2024

Excellent

jigar Prajapati

December 3, 2022

Gfh

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