{"product_id":"the-spider-network-david-enrich-9780062452993","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\u003eSHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eThe \u003cem\u003eWall Street Journal\u003c\/em\u003e'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.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eIn 2006, an oddball group of bankers, traders and brokers from some of the world's 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,\" Hayes's circle generated untold riches --until it all unraveled in spectacularly vicious, backstabbing fashion.\u003c\/p\u003e\u003cp\u003ePraised as reading \u003cem\u003e\"\u003c\/em\u003elike a fast-paced John le Carr  thriller\" (\u003cem\u003eNew York Times\u003c\/em\u003e), \"compelling\" (\u003cem\u003eWashington Post\u003c\/em\u003e)\u003cem\u003e \u003c\/em\u003eand \"jaw-dropping\" (\u003cem\u003eFinancial Times\u003c\/em\u003e), \u003cem\u003eThe Spider Network \u003c\/em\u003eis 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\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e David Enrich\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0062452991\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780062452993\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Mariner Books\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/06\/2018\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 528\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.00lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 7.80h x 5.30w x 1.30d","brand":"David Enrich","offers":[{"title":"Paperback","offer_id":44042673619199,"sku":"9780062452993","price":18.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_7bb61b97-95fd-452b-bc2d-305d2cc5e3aa.jpg?v=1684962877","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-spider-network-david-enrich-9780062452993","provider":"WR Book House","version":"1.0","type":"link"}