{"product_id":"the-spider-network-the-wild-story-of-a-maths-genius-and-one-of-the-greatest-scams-in-financial-history","title":"The Spider Network: The Wild Story of a Maths Genius and One of the Greatest Scams in Financial History","description":"\u003cspan id=\"freeText8149351690137227167\"\u003eIn 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor—the London interbank offered rate, which determines the interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated administrators, and that they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as “Derka Derka”; a broker known as “Village” (short for “Village Idiot”) who racked up huge expense account bills; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose” who had once been a semi-professional boxer. This group generated incredible riches —until it all unraveled in spectacularly vicious, backstabbing fashion.\u003cbr\u003e\u003cbr\u003eWith exclusive access to key characters and evidence,\u003ci\u003e\u003cspan\u003e \u003c\/span\u003eThe Spider Network\u003cspan\u003e \u003c\/span\u003e\u003c\/i\u003eis not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003e","brand":"Penguin Random House","offers":[{"title":"Default Title","offer_id":32206924415042,"sku":"","price":599.0,"currency_code":"INR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0263\/4884\/7170\/products\/735.jpg?v=1597088842","url":"https:\/\/koolskoolbookstore.com\/products\/the-spider-network-the-wild-story-of-a-maths-genius-and-one-of-the-greatest-scams-in-financial-history","provider":"KoolSkool The Bookstore","version":"1.0","type":"link"}