How I Caused the Credit Crunch
How I Caused the Credit Crunch
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A VIVID AND PERSONAL ACCOUNT OF BANKING EXCESS
How I Caused the Credit Crunch traces seven years at the forefront of the credit markets - a tale from the heart of the bewildering banking maelstrom whose catastrophic collapse has plunged the world towards the worst recession since the 1930s.
Tetsuya Ishikawa's story reveals a young Oxford graduate in command of vast sums of other people's money.
It tells how a novice to the mysteries of hedge funds, subprime mortgages and CDOs can fix complex deals worth billions in the exclusive bars, brothels and trading floors of London, New York, Frankfurt and Tokyo, and reap the benefits in a colossal annual bonus and an international luxury lifestyle.
How I Caused the Credit Crunch is both a powerful tale of lost innocence and an exposé of the disturbing truth of the collective folly, frailty and greed at the heart of the banking crisis.
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