[y66]

Gillian Tett is an assistant editor at the Financial Times. In March, she was named journalist of the year at the British Press Awards. The first of 2 excerpts from her forthcoming book about the financial crisis appears here in today's FT.

Michael Lewis fans will appreciate her writing style and storytelling instincts.

[david_c]

Does seem quite well-written, but I hate the emotive title. When you've done a good job of explaining some of the complex issues that go into making a crisis, why weaken the argument by pinning it all on "unrestrained greed"? Well, I know why: it's because you want to sell more copies of your book. Now that is greed.

This post has been edited by david_c: 2009-May-02, 13:14

[y66]

That's the UK title.

The U.S. title, which seems more in keeping with the story line, is Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe.

What's fascinating to me is how JP Morgan managed to steer clear of the stuff that did in so many others, even though, apparently, they invented a lot of it. Seems they are as disciplined as they are imaginative.