Fools's Gold

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 By Gillian Tett (293 pages. Free Press. $26.)

http://www.nytimes.com/2009/06/16/books/16kaku.html?_r=1&th&emc=th

http://www.nytimes.com/2009/06/14/books/review/Barrett-t.html?ref=review

Reviewer Paul M. BARRET wrote, "The Morganites sold the notion that financial gravity had been overcome---that risk had been vanquished and that lending could proliferate endlessly."

Gillian Tett is an assistant editor of the Financial Times and oversees the global coverage of the financial markets. In March 2009 she was named Journalist of the Year at the British Press Awards. In 2007 she was awarded the Wincott prize, the premier British award for financial journalism, for her capital markets coverage. She was named British Business Journalist of the Year in 2008. http://www.ft.com/comment/columnists/gilliantett