Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide

Fatal Risk A Cautionary Tale of AIG s Corporate Suicide Long listed for the FT Goldman Sachs Business Book of the Year Award The true story of how risk destroys as told through the ongoing saga of AIGFrom the collapse of Bear Stearns and Lehman Brothe
  • Title: Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide
  • Author: Roddy Boyd
  • ISBN: 9780470889800
  • Page: 431
  • Format: Hardcover
  • Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide
    Long listed for the FT Goldman Sachs Business Book of the Year Award 2011The true story of how risk destroys, as told through the ongoing saga of AIGFrom the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered However, the story central to the crisis that of AIG has until now remained largely untold Fatal Risk ALong listed for the FT Goldman Sachs Business Book of the Year Award 2011The true story of how risk destroys, as told through the ongoing saga of AIGFrom the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered However, the story central to the crisis that of AIG has until now remained largely untold Fatal Risk A Cautionary Tale of AIG s Corporate Suicide tells the inside story of what really went on inside AIG that caused it to choke on risk and nearly brining down the entire economic system The bookReveals inside information available nowhere else, including the personal notes and records of key players such as the former Chairman of AIG, Hank GreenbergTakes readers behind the scenes at the U.S Treasury and the Federal Reserve Bank of New YorkDetails how an understanding of risk built AIG, but a disdain for government regulators led to a run in with New York State Attorney General Eliot Spitzer Fatal Risk is the comprehensive and compelling true story of the company at the center of the financial storm and how it nearly caused the entire economic system to collapse.
    Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide By Roddy Boyd,
    • [KINDLE] ↠ Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide | By ↠ Roddy Boyd
      431 Roddy Boyd
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      Posted by:Roddy Boyd
      Published :2020-04-22T04:59:24+00:00

    About " Roddy Boyd "

  • Roddy Boyd

    Roddy Boyd Is a well-known author, some of his books are a fascination for readers like in the Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide book, this is one of the most wanted Roddy Boyd author readers around the world.

  • 758 Comments

  • Surely one of the better informed books on the crisis A technical read that delves deeply into AIG s operations and the sort of trades they were putting on The specificity of the subject means Boyd isn t writing a broad structural critique of the system although he does throw in some comments on this front in the epilogue First and foremost it is a narrative of how AIG crossed over from insurance the underwriting of risks to finance the trading of risk It is enormously informative and actually [...]


  • You don t have to be an insurance financial nerd to get this book.This is the story behind the story of the financial crash Everyone who thinks they ve been hoodwinked by the government, Goldman Sachs, or AIG should read it.I worked at AIG for 25 years ago and probably learned about how the world works in my first week than in four years of college When I read in 2005 that legendary CEO Hank Greenberg was out, I thought, there goes the company Actually, there went the US economy This book suppo [...]


  • Boyd did a fantastic job of explaining AIGs history and presented a compelling analysis of the both the institutional and personal drivers that led to the decisions that resulted in the collapse of AIG.However, the story telling aspect of this Tale really fell flat The presentation was choppy, and ultimately distracting Though probably unavoidable given the subject matter, parts of this book is not readily accessible to those who only have a surface familiarity with derivatives, securitization, [...]


  • Interesting and instructive, but should approach book having some knowledge of finance and accounting to better appreciate it Also, it is appropriately a supplement to one interested in AIG s experience in the mortgage crisis or just AIG and Hank Greenberg.


  • This is a history of how Wall Street went astray, with emphasis on AIG s Financial Products Group The big themes are all well stated and the section on how Elliot Spitzer abused his position as AG of New York is worth the price of the book alone as perhaps the biggest cautionary tale I give the book only two stars because of the soft gloves treatment of Hank Greenberg Greenberg was forced out of his lifetime leadership position at AIG and then events exploded The timing was coincidence The autho [...]


  • I don t buy the hagiography of Greenberg here or the demonization of Spitzer the latter is particularly hard to take in a chapter that details clearly criminal behavior on AIG s part I m also not sure Boyd knows who his audience is for this book if you make it through the first 150 pages you certainly don t need the explanation on page 149 of what a short sale is Outside those two large caveats, this is full of incredibly well researched anecdotes and detail.


  • My only beef with the book is the cumbersome sentence structure I shouldn t complain because mine is probably no better if not worse but at times the embedded clauses made sentences hard to follow And that is my only beef The book did a great job of telling the history of AIG and how they got themselves involved in the mortgage mess It is my hope that policy makers read this book to better understand what happened.


  • While the book had some good facts and stories, the sentence structure was inconsistent I felt like sentences were too long and trying to capture multiple thoughts with attempts at foreshadowing It made the book difficult to read I have read many books about the financial crisis and felt that this book did not materially add to my understanding of the events of 2008.


  • I have no idea how accurate the book is in places, but it s a very well written book and a compelling read There are various editorial comments the author makes with which I personally disagree, but they are not disguised as facts and you either agree with them or not Either way, the book is a fascinating history of AIGFP It was difficult to put down.


  • An interesting look at the collapse of AIG during the Fall of 2008 The first third is filled with a history of the insurance company and explanations of the financial transactions that led to the largest bailout of the financial crisis The book picks up steam in the final third as things fall apart Not always an easy read but very informative if you want to know why the crash happened.


  • I enjoyed this fine Something to read on the treadmill If you don t like a trite expressions like Kabuki referencing lawyers defense tactics, Rock Ribbed Republicans and other tiresome and unoriginal phrasing, you ll be annoyed I say, the guy is a numbers guy, not a literary aspirant.


  • Interesting Quite technical and I would think dense in parts for people not familiar with the language of finance Also the language is very journalistic Deals well with an amazing financial disaster exploring the many facets of the AIG debacle and the credit crisis of 2008.



  • A bit disorganized, as it jumps back forth in time isn t always clear about which company is being referred to, but the story is good and I was able to get the information I needed from it.






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