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The Match King

Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

Regular Price $16.99

Regular Price $22.99 CAD

Regular Price $16.99

Regular Price $22.99 CAD

This item is a preorder. Your payment method will be charged immediately, and the product is expected to ship on or around March 9, 2010. This date is subject to change due to shipping delays beyond our control.

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On Sale

Mar 9, 2010

Page Count

288 Pages

ISBN-13

9781586488123

Description

At the height of the roaring ’20s, Swedish ‘migr’ 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 Kreuger’s suicide in 1932, the true nature of his empire emerged. Driven by success to adopt ever-more perilous practices, Kreuger had turned to shell companies in tax havens, 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. When his Wall Street empire collapsed, millions went bankrupt.

Frank Partnoy, a frequent commentator on financial disaster for the Financial Times, New York Times, NPR, and CBS’s “60 Minutes,” 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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