At the height of the roaring '20s, Swedish emigre Ivar Kreuger made
a fortune raising money in America and loaning it to Europe in
exchange for matchstick monopolies. His enterprise was a rare
success story throughout the Great Depression. Yet after his
suicide in 1932, it became clear that Kreuger was not all he
seemed: evidence surfaced of fudged accounting figures,
off-balance-sheet accounting, even forgery. He created a raft of
innovative financial products-- many of them precursors to
instruments wreaking havoc in today's markets. In this gripping
financial biography, Frank Partnoy recasts the life story of a
remarkable yet forgotten genius in ways that force us to re-think
our ideas about the wisdom of crowds, the invisible hand, and the
free and unfettered market.
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