Why read The Spider Network?

Book cover of The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

Book description

Shortlisted for the Financial Times Business Book of the Year!

'Will snare you in its web of deceit ... A brilliant investigative expose' - Harlan Coben, bestselling thriller author

'Reads like a fast-paced John le Carre thriller, and never lets up' - New York Times book review

The Spider Network…

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Topics

The financial crisis of 2007–2008

Genres

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Why read it?

1 author picked The Spider Network as one of their favorite books. Why do they recommend it?

Claire A. Hill

Author

This book tells the story of how an interest rate (“LIBOR,” for London Interbank Offered Rate) used to set mortgage, credit card, and auto loan rates was manipulated. Sounds important, but maybe not so interesting? Wrong.

You don’t need to have the slightest interest in LIBOR to love this book. What really propels the book is the human story, intricately but compellingly told. We learn who the LIBOR manipulators were, how and why they did what they did, and the dynamics of the community they created.

We learn, too, about the institutions – huge financial institutions – that nurtured and…

From Claire's list on The best books for those who want to understand bankers, especially bankers behaving badly.