The Match King
Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
Biography & Memoir, Business, Nonfiction, History, Americas, United States, 20th Century, Social & Cultural Studies, True Crime
| Author: | Frank Partnoy | ISBN: | 9780786741540 |
| Publisher: | PublicAffairs | Publication: | March 9, 2010 |
| Imprint: | PublicAffairs | Language: | English |
| Author: | Frank Partnoy |
| ISBN: | 9780786741540 |
| Publisher: | PublicAffairs |
| Publication: | March 9, 2010 |
| Imprint: | PublicAffairs |
| Language: | English |
At the height of the roaring '20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products- many of them precursors to instruments wreaking havoc in today's markets. In this gripping financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
At the height of the roaring '20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products- many of them precursors to instruments wreaking havoc in today's markets. In this gripping financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
