{"product_id":"the-spider-network-how-a-math-genius-and-a-gang-of-scheming-bankers-pulled-off-one-of-the-greatest-scams-in-history-0062452991","title":"The Spider Network: How a Math Genius and a Gang of Scheming Bankers Pulled Off One of the Greatest Scams in History","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0062452991\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Enrich, David\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eSHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEARThe Wall Street Journal's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. The paperback edition includes a new chapter discussing further fallout from the scandal.In 2006, an oddball group of bankers, traders and brokers from some of the worlds largest financial institutions made a startling realization: Libor-the London interbank offered rate, which determines interest rates on trillions in loans worldwide-was set daily by a small group of easily manipulated functionaries. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of shadowy team that used hook and crook to take over the process and set rates that made them a fortune, no matter the cost to others. Among the motley crew was a French trader nicknamed Gollum; the broker Abbo, who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; an executive called Clumpy because of his patchwork hair loss; and a broker uncreatively nicknamed Big Nose. Eventually known as the Spider Network, Hayess circle generated untold riches -until it all unraveled in spectacularly vicious, backstabbing fashion.Praised as reading like a fast-paced John le Carré thriller (New York Times), compelling (Washington Post)and jaw-dropping (Financial Times), The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was warped and shady throughout.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51527314932000,"sku":"NEW0062452991","price":17.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/71dbi1p1zhL.jpg?v=1777229721","url":"https:\/\/miakarts.com\/products\/the-spider-network-how-a-math-genius-and-a-gang-of-scheming-bankers-pulled-off-one-of-the-greatest-scams-in-history-0062452991","provider":"Miakarts Books","version":"1.0","type":"link"}