This survey of American financial scandals is presented in chronological order, ranging from the Wall Street panic of 1792 to the current economic crisis. MacDonald, a partner of a capital
management firm, has teamed with Hughes (finance, Hult International Business School) to present the background of each incident, characters studies of the principals involved and a thorough
analysis of the causes and themes of each scandal (namely, avarice and political power). This new edition features a revised preface and postscript from the authors who address contemporary
challenges such as Barack Obama's strategies for recovering from the recession, Bernie Madoff's Ponsi scheme and the TARP legislation. Annotation 穢2009 Book News, Inc., Portland, OR
(booknews.com)
