02975cam a2200325 4500 527460378 TxAuBib 20211107120000.0 ||||||s2017||||||||||||||||||||||||und|u 9781538434284 1538434288 0d9df06d-a975-47f1-aa8c-e76f688ff7f9 OverDrive (Reserve ID) 3224940 OverDrive (Product ID) TxAuBib Henriques, Diana B. A First-Class Catastrophe [Libby] : The Road to Black Monday, the Worst Day in Wall Street History. Blackstone Publishing, 2017. Format: OverDrive OverDrive MP3 Audiobook, Filesize: 267MB. Format: OverDrive OverDrive Listen, Filesize: 267MB. Business. Nonfiction. Economics. HTML:<p>The definitive account of the crash of 1987, a cautionary tale of how the US financial system nearly collapsed—from the bestselling author of <i>The Wizard of Lies</i></p> <p>Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent—almost twice as bad as the worst day of 1929—equal to a one-day loss of nearly 5,000 points today.</p> <p>Black Monday was more than seven years in the making and threatened nearly every US financial institution. Drawing on superlative archival research and dozens of original interviews, Diana B. Henriques weaves a tale of missed opportunities, market delusions, and destructive actions that stretched from the "silver crisis" of 1980 to turf battles in Washington, a poisonous rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange, and the almost-fatal success of two California professors whose idea for reducing market risk spun terribly out of control. As the story hurtles forward, the players struggle to forestall a looming market meltdown, and unexpected heroes step in to avert total disaster.</p> <p>For thirty years, investors, regulators, and bankers have failed to heed the lessons of 1987, even as the same patterns have resurfaced, most spectacularly in the financial crisis of 2008. <i>A First-Class Catastrophe</i> offers a new way of looking not only at the past, but at our financial future as well.</p>. Media Type: Audiobook. Importer Version: 2014-01-08.01 Import Date: 2021-11-04 17:40:22. Zackman, Gabra. https://excerpts.cdn.overdrive.com/FormatType-425/0887-1/3224940-AFirst-ClassCatastrophe.mp3 Excerpt (OverDrive MP3 Audiobook) https://samples.overdrive.com/?crid=0d9df06d-a975-47f1-aa8c-e76f688ff7f9&.epub-sample.overdrive.com Excerpt (OverDrive MP3 Audiobook) https://excerpts.cdn.overdrive.com/FormatType-425/0887-1/3224940-AFirst-ClassCatastrophe.mp3 Excerpt (OverDrive Listen) https://samples.overdrive.com/?crid=0d9df06d-a975-47f1-aa8c-e76f688ff7f9&.epub-sample.overdrive.com Excerpt (OverDrive Listen)