MARC Record from marc_columbia

LEADER: 04649cam a2200601 i 4500
001 12964084
005 20210112113543.0
008 170405t20172017nyu b 001 0 eng
010 $a 2017002890
019 $a1003045002$a1003797847
020 $a9781627791649$qhardcover
020 $a1627791647$qhardcover
020 $z9781627791656$qelectronic book
029 1 $aAU@$b000059907353
035 $a(OCoLC)ocn981557999
035 $a(OCoLC)981557999$z(OCoLC)1003045002$z(OCoLC)1003797847
035 $a(NNC)12964084
040 $aDLC$beng$erda$cDLC$dAZZPT$dBDX$dOCLCO$dOCLCF$dIK2$dBUR$dINR$dYDX$dYDX$dIGA$dRB0$dVP@$dCZA$dOBE
042 $apcc
043 $an-us---
050 00 $aHG4551$b.H425 2017
082 00 $a332.64/273$223
100 1 $aHenriques, Diana B.,$eauthor.
245 12 $aA first-class catastrophe :$bthe road to Black Monday, the worst day in Wall Street history /$cDiana B. Henriques.
250 $aFirst edition.
264 1 $aNew York, New York :$bHenry Holt and Company,$c2017.
264 4 $c©2017
300 $axviii, 393 pages ;$c25 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
500 $a"A New York Times book."
504 $aIncludes bibliographical references (pages 289-375) and index.
505 0 $aPrologue -- Part One. Vanishing borders. Silver Thursday -- Bright ideas -- Chicago vs. New York -- Shifting gears -- A deal in D.C. -- Stock futures, bond failures -- Part Two. Titans and wizards. A plague from Oklahoma -- Bulls and banks -- Chicago rising -- Arbitrage and accommodation -- Banks on the brink -- Part Three. Contagion. Mergers and mutations -- Berkeley rising, banks falling -- Witching hours -- Rational markets? -- Pandora's portfolios -- January omens, July alarms -- Part Four. Reckoning. The worst weeks ever -- 508 points -- Juggling hand grenades -- Placing blame, dodging reality -- Epilogue.
520 $a"The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed ... 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 loss of nearly 5,000 points today. But Black Monday was more than just a one-day market crash; it was seven years in the making and threatened the entire U.S. financial system. Drawing on superlative archival research and dozens of original interviews, the award-winning financial journalist Diana B. Henriques weaves a tale of ignored warnings, market delusions, and destructive decisions, a drama that stretches from New York and Washington to Chicago and California. Among the central characters are pension fund managers, bank presidents, government regulators, exchange executives, and a pair of university professors whose bright idea for reducing risk backfires with devastating consequences. As the story hurtles toward a terrible reckoning, the players struggle to avoid a national panic, and unexpected heroes step in to avert total disaster. For thirty years, investors, bankers, and regulators have failed to heed the lessons of Black Monday. But with uncanny precision, all the key fault lines of the devastating crisis of 2008--breakneck automation, poorly understood financial products fueled by vast amounts of borrowed money, fragmented regulation, gigantic herdlike investors--were first exposed as hazards in 1987. A First-Class Catastrophe offers a new way of looking not only at the past but at our financial future as well."--Dust jacket.
611 27 $aStock Market Crash (1987)$2fast$0(OCoLC)fst01133537
650 0 $aStock Market Crash, 1987.
650 0 $aFinancial crises$zUnited States$xHistory$y20th century.
650 0 $aStock exchanges$zUnited States$xHistory$y20th century.
650 0 $aFinance$zUnited States$xHistory$y20th century.
650 7 $aFinance.$2fast$0(OCoLC)fst00924349
650 7 $aFinancial crises.$2fast$0(OCoLC)fst00924607
650 7 $aStock exchanges.$2fast$0(OCoLC)fst01133564
651 7 $aUnited States.$2fast$0(OCoLC)fst01204155
650 7 $aBUSINESS & ECONOMICS / Economic History.$2bisacsh
650 7 $aBUSINESS & ECONOMICS / Investments & Securities.$2bisacsh
650 7 $aHISTORY / United States / 20th Century.$2bisacsh
650 4 $aBUSINESS & ECONOMICS / Economic History.
650 4 $aBUSINESS & ECONOMICS / Investments & Securities / General.
650 4 $aHISTORY / United States / 20th Century.
648 7 $a1900-1999$2fast
655 7 $aHistory.$2fast$0(OCoLC)fst01411628
852 00 $boff,bus$hHG4551$i.H425 2017