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W H Allen The Spider Network: The Wild Story of a Maths Genius and One of the Greatest Scams in Financial Enrich David

W H Allen The Spider Network: The Wild Story of a Maths Genius and One of the Greatest Scams in Financial Enrich David

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In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor the London interbank offered rate, which determines the interest rates on trillions in loans worldwide was set daily by a small group of easily manipulated administrators, and that they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed Gollum; the broker Abbo, who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as Derka Derka; a broker known as Village (short for Village Idiot) who racked up huge expense account bills; an executive called Clumpy because of his patchwork hair loss; and a broker uncreatively nicknamed Big Nose who had once been a semi-professional boxer подробнее
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