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The Match King

Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals

The Match King by Frank Partnoy
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US$ 15.95
At the height of the roaring ’20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after his suicide in 1932, it became clear that Kreuger was not all he seemed: evidence surfaced of fudged accounting figures, off-balance-sheet accounting, even forgery. He created a raft of innovative financial products— many of them precursors to instruments wreaking havoc in today’s markets. In this gripping financial biography, Frank Partnoy recasts the life story of a remarkable yet forgotten genius in ways that force us to re-think our ideas about the wisdom of crowds, the invisible hand, and the free and unfettered market.
PublicAffairs; April 2009
288 pages; ISBN 9780786741540
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Title: The Match King
Author: Frank Partnoy
 
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