A First-Class Catastrophe
Overview
The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed--from the bestselling author of The Wizard of Lies.
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Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent – almost twice as bad as the worst day of 1929 – equal to a one-day loss of nearly 5,000 points today. Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution.
For thirty years, investors, regulators, and bankers have failed to heed the lessons of 1987, even as the same patterns have resurfaced, most spectacularly in the financial crisis of 2008. A First-Class Catastrophe offers a new way of looking not only at the past, but at our financial future as well.
Specifications
Paperback: 416 pages
Publisher: Henry Holt and Co.
Dimensions: 6.1" x 9.3" x 1.3"
Processing time
Estimated processing time: 5-7 business days
Specifications
Paperback: 416 pages
Publisher: Henry Holt and Co.
Dimensions: 6.1" x 9.3" x 1.3"
Processing time
Estimated processing time: 5-7 business days
