Confidence Game

<b>An expose on the delusion, greed, and arrogance that led to America’s credit crisis</b> <p>The collapse of America’s credit markets in 2008 is quite possibly the biggest financial disaster in U.S. history. Confidence Game: How a Hedge Fund Manager Called Wall Street’s Bluff is the story of Bill Ackman’s six-year campaign to warn that the $2.5 trillion bond insurance business was a catastrophe waiting to happen. Branded a fraud by the <i>Wall Street Journal</i> and <i>New York Times</i>, and investigated by Eliot Spitzer and the Securities and Exchange Commission, Ackman later made his investors more than $1 billion when bond insurers kicked off the collapse of the credit markets.</p> <ul> <li>Unravels the story of the credit crisis through an engaging and human drama</li> <li>Draws on unprecedented access to one of Wall Street’s best-known investors</li> <li>Shows how excessive leverage, dangerous financial models, and a blind reliance on triple-A credit ratings sent Wall Street careening toward disaster</li> </ul> <p>Confidence Game is a real world “Emperor’s New Clothes,” a tale of widespread delusion, and one dissenting voice in the era leading up to the worst financial disaster since the Great Depression.</p>