![]() ![]() For others it was unbridled speculation perpetrated by rogue traders whose unchecked fraud brought their house down. For some of these unfortunate organizations it was daring but flawed financial engineering which brought them havoc. It unlocks the secrets of derivatives by telling the stories of institutions which played in the derivative market and lost big. This book analyzes in depth all major derivatives debacles of the last half century including the multi-billion losses and/or bankruptcy of Metallgesellschaft (1994), Barings Bank (1995), Long Term Capital Management (1998), Amaranth (2006), Société Générale (2008), AIG (2008) and JP Morgan-Chase (2012).
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