A classic of its kind, Frank Partnoy's best-selling FIASCO takes
readers inside the rollicking world of derivatives on Wall Street
during the mid-1990s. The book tracks Partnoy's success as a young
Morgan Stanley employee who quickly becomes steeped in a culture
that treats client as targets to be "blown up" or have their faces
"ripped off." A decade later FIASCO remains one of the most damning
and prescient pictures of the speculative frenzies that grip Wall
Street and the victims they can leave in their wake. In Partnoy's
case they include well-publicized losses at Orange County, Barings,
and Procter & Gamble, among others. A new epilogue written for
this edition brings Partnoy's story-as well as the story of
derivatives-up to the present.
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