{"product_id":"the-fix-isbn-9781118995723","title":"The Fix","description":"\u003cp\u003e\"The first thing you think is where's the edge, where can I make a bit more money, how can I push, push the boundaries. But the point is, you are greedy, you want every little bit of money that you can possibly get because, like I say, that is how you are judged, that is your performance metric\"\u003cbr\u003e—\u003cb\u003eTom Hayes\u003c\/b\u003e, 2013\u003c\/p\u003e \u003cp\u003eIn the midst of the financial crisis, Tom Hayes and his network of traders and brokers from Wall Street's leading firms set to work engineering the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late night phone calls to hatch an audacious plan to rig Libor, the 'world's most important number' and the basis for $350 trillion of securities from mortgages to loans to derivatives. Without the persistence of a rag-tag team of investigators from the U.S., they would have got away with it....\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Fix\u003c\/i\u003e by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal, told through the journey of the man at the centre of it: a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon, but ultimately paved the way for his own downfall.\u003c\/p\u003e \u003cp\u003eBased on hundreds of interviews, and unprecedented access to the traders and brokers involved, and the investigators who caught up with them, \u003ci\u003eThe Fix\u003c\/i\u003e provides a rare look into the dark heart of global finance at the start of the 21st Century.\u003c\/p\u003e \u003cp\u003eIntroduction vii\u003c\/p\u003e \u003cp\u003e1 The End of the World 1\u003c\/p\u003e \u003cp\u003e2 Tommy Chocolate 5\u003c\/p\u003e \u003cp\u003e3 Beware of Greeks Bearing Gifts 13\u003c\/p\u003e \u003cp\u003e4 A Day in the Life 19\u003c\/p\u003e \u003cp\u003e5 Buy the Cash Boys a Curry! 25\u003c\/p\u003e \u003cp\u003e6 Anything With Four Legs 39\u003c\/p\u003e \u003cp\u003e7 No One’s Clean-Clean 49\u003c\/p\u003e \u003cp\u003e8 The Sheep Will Follow 61\u003c\/p\u003e \u003cp\u003e9 Escape to London 69\u003c\/p\u003e \u003cp\u003e10 Goodbye, Big Nose 77\u003c\/p\u003e \u003cp\u003e11 The Call 87\u003c\/p\u003e \u003cp\u003e12 Crossing the Street 101\u003c\/p\u003e \u003cp\u003e13 “What the Fuck Kind of Bank Is This?” 111\u003c\/p\u003e \u003cp\u003e14 Just Keep Swimming 123\u003c\/p\u003e \u003cp\u003e15 The Ballad of Diamond Bob 133\u003c\/p\u003e \u003cp\u003e16 The Switcheroo 147\u003c\/p\u003e \u003cp\u003e17 The Trial 157\u003c\/p\u003e \u003cp\u003eAfterword 167\u003c\/p\u003e \u003cp\u003eEpilogue: The Wild West 171\u003c\/p\u003e \u003cp\u003eNotes 175\u003c\/p\u003e \u003cp\u003eAcknowledgments 191\u003c\/p\u003e \u003cp\u003eAbout the Authors 193\u003c\/p\u003e \u003cp\u003eIndex 195 \u003c\/p\u003e \u003cp\u003e\"I would strongly recommend \u003ci\u003eThe Fix.\u003c\/i\u003e Combining meticulous research with great writing, Vaughn and Finch offer a thought-provoking take on one of the most high-profile financial scandals of recent years.\" (\u003ci\u003eThe Actuary,\u003c\/i\u003e July 2017)\u003c\/p\u003e \u003cp\u003e\"... written like an engagingly unravelling detective story, is definitely worth the read.\" (\u003ci\u003eLSE Review,\u003c\/i\u003e June 2017)\u003c\/p\u003e \u003cp\u003e\"If you are going to read only one book on the Libor fixing scandal, then this is the one for you.\" (\u003ci\u003eFinancial Adviser,\u003c\/i\u003e May 2017)\u003c\/p\u003e \u003cp\u003e\"An incredibly interesting read.\" (\u003ci\u003eTraderLife,\u003c\/i\u003e April 2017)\u003c\/p\u003e \u003cp\u003e\"... a rollicking fast-paced thriller about an industry crisis with some very human stories.\" (\u003ci\u003eFS Focus,\u003c\/i\u003e April 2017)\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eThe Fix\u003c\/i\u003e is a good read - and a cautionary tale about how the financial system has evolved piecemeal.\" (\u003ci\u003eFinancial World,\u003c\/i\u003e April 2017)\u003c\/p\u003e \u003cp\u003e\"Everyone currently working in the financial services industry, or even simply implicated by it, should read this book.\" (\u003ci\u003eInternational Investment,\u003c\/i\u003e April 2017)\u003c\/p\u003e \u003cp\u003e\"The authors have an eye for juicy anecdotes and skillfully avoid drowning the reader in too much detail.\" (\u003ci\u003eMoneyWeek,\u003c\/i\u003e March 2017)\u003c\/p\u003e \u003cp\u003e\"... a detailed and well-researched expose of the Libor manipulation that led to the conviction of trader Tom Hayes.\" (\u003ci\u003eThomson Reuters Compliance Complete,\u003c\/i\u003e March 2017)\u003c\/p\u003e \u003cp\u003e\"... a gripping tale of greed and incompetence.\" (\u003ci\u003eFunds Europe,\u003c\/i\u003e February 2017)\u003c\/p\u003e \u003cp\u003e\"Ambitious graduates joining the City can read every compliance manual on banks' bookshelves, or they could just read this book.\" (\u003ci\u003eEuromoney,\u003c\/i\u003e February 2017)\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eThe Fix\u003c\/i\u003e is the compelling story of the Libor scandal told through Hayes, an anti-hero who combined technical skill with a bullying personality to become a star trader... a gripping thriller.\" (\u003ci\u003eFinancial Times,\u003c\/i\u003e January 2017)\u003c\/p\u003e \u003cp\u003e\u003cb\u003eLIAM VAUGHAN\u003c\/b\u003e and \u003cb\u003eGAVIN FINCH\u003c\/b\u003e write about financial crime for \u003ci\u003eBloomberg\u003c\/i\u003e and \u003ci\u003eBusinessweek\u003c\/i\u003e magazine. In 2013, they uncovered a global conspiracy to manipulate the $5 trillion a day foreign exchange market, sparking investigations on three continents that to date have resulted in $10 billion in fines for banks including JPMorgan, Barclays and UBS.\u003cbr\u003eIn 2014, they were awarded the prestigious Gerald Loeb Award for excellence in business journalism and the Harold Wincott prize for the best financial journalism of the year.\u003c\/p\u003e  \u003cp\u003e\u003ci\u003e\"The first thing you think is, where's the edge? Where can I make a bit more money? You want every little bit of money that you can possibly get because, like I say, that is how you are judged: that is your performance metric.\"\u003c\/i\u003e\u003cbr\u003e \u003cb\u003e —Tom Hayes,\u003c\/b\u003e convicted former trader for UBS and Citigroup  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Fix\u003c\/i\u003e, by award-winning \u003ci\u003eBloomberg\u003c\/i\u003e journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal told through the journey of the man at the center of it—Tom Hayes, a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon but ultimately paved the way for his own downfall. \u003c\/p\u003e\u003cp\u003eIn the midst of the financial crisis, Hayes and his network of traders and brokers from Wall Street's leading firms engineered the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late-night phone calls to hatch an audacious plan to rig Libor. Without the persistence of a rag-tag team of investigators from the U.S., they would have gotten away with it... \u003c\/p\u003e\u003cp\u003eBased on hundreds of interviews opening up unprecedented access to the traders and brokers involved in the scandal, the regulators and central bankers who failed to stop it and the investigators who caught up with them,\u003ci\u003e The Fix\u003c\/i\u003e provides a rare look into the dark heart of global finance at the start of the 21st century.  \u003c\/p\u003e\u003cp\u003e\"Told with the verve and panache\u003cbr\u003e of a thriller. Genuinely brilliant.\"\u003cbr\u003e\u003cb\u003e\u003ci\u003e—The Telegraph\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"A great read. Buy this book!\"\u003cbr\u003e\u003cb\u003e\u003ci\u003e—The Times\u003cbr\u003e\u003cbr\u003e\u003c\/i\u003e\u003c\/b\u003ePraise for\u003cb\u003e THE FIX\u003ci\u003e\u003cbr\u003e\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Genuinely brilliant. No one comes out of this story well—not the traders, not their management teams, not the regulators that were asleep on their watch and not the politicians that allowed them to nod off. Vaughan and Finch, who reported on this scandal every step of the way, have peeled back the complexity and jargon in which the fixers cloaked themselves to reveal a rotten worm at the heart of finance.\"\u003cbr\u003e\u003cb\u003e —Ben Wright,\u003c\/b\u003e Group Business Editor,\u003ci\u003eThe Telegraph\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"A great read. If you want to know how and why banks ended up paying billions of pounds for fiddling a number most people had never heard of, then buy this book!\"\u003cbr\u003e\u003cb\u003e —Harry Wilson,\u003c\/b\u003e City Editor,\u003ci\u003eThe Times\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Vaughan and Finch deliver a compelling narrative of the biggest financial manipulation in history. I loved it!\"\u003cbr\u003e\u003cb\u003e —Dan Hertzberg,\u003c\/b\u003e Pulitzer-winning former Senior Deputy Managing Editor of \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"One hell of an entertaining, captivating, and detail-rich account of one of the defining financial market scandals of last 20 years.\"\u003cbr\u003e \u003cb\u003e —John LeFevre,\u003c\/b\u003e author of \u003ci\u003eStraight to Hell\u003c\/i\u003e and the man behind @GSElevator\u003c\/p\u003e \u003cp\u003e\"Picking out the heroes and villains from a tale as complex as the Libor saga is not as straightforward as it may seem. \u003ci\u003eThe Fix\u003c\/i\u003e offers some interesting insights on where the finger of blame ought to really point.\"\u003cbr\u003e\u003cb\u003e —Iain Dey,\u003c\/b\u003e Business Editor, \u003ci\u003eThe Sunday Times\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"This is the defining, fly-on-the-wall account of how traders colluded to move a number at the heart of global finance. Vaughan and Finch put you in the room as traders brag, make high stakes bets and eventually come undone. I couldn't put it down.\"\u003cbr\u003e\u003cb\u003e —Matt Turner,\u003c\/b\u003e Deputy Editor for Finance and Markets, \u003ci\u003eBusiness Insider\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eThe Fix\u003c\/i\u003e is today's Liar's Poker. Based on meticulous reporting, it deals with an urgent topic — how the global financial markets, which touch all of our lives, have been manipulated. It gives us a window into the unseen world of traders and takes us behind the scenes of the arcane numbers of the market to the flesh and blood people who determine them.\"\u003cbr\u003e\u003cb\u003e —Andre Spicer,\u003c\/b\u003e Professor of Organizational Behavior, Cass Business School\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990230253797,"sku":"NP9781118995723","price":24.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118995723.jpg?v=1761786997","url":"https:\/\/k12savings.com\/es\/products\/the-fix-isbn-9781118995723","provider":"K12savings","version":"1.0","type":"link"}