Fatal Risk by Roddy Boyd
A Cautionary Tale of AIG's Corporate Suicide

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...a vivid portrait of the giant ­insurer at the center of the 2008 financial crisis. The book's subtitle is "A Cautionary Tale of AIG's Corporate ­Suicide." Readers may end up wondering whether the corporation jumped—or was pushed.
-WSJ online

Synopsis

Long-listed for the FT & Goldman Sachs Business Book of the Year Award 2011

The true story of how risk destroys, as told through the ongoing saga of AIG

From the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered. However, the story central to the crisis-that of AIG-has until now remained largely untold. Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide tells the inside story of what really went on inside AIG that caused it to choke on risk and nearly brining down the entire economic system. The book

Reveals inside information available nowhere else, including the personal notes and records of key players such as the former Chairman of AIG, Hank Greenberg Takes readers behind the scenes at the U.S. Treasury and the Federal Reserve Bank of New York Details how an understanding of risk built AIG, but a disdain for government regulators led to a run-in with New York State Attorney General Eliot Spitzer

Fatal Risk is the comprehensive and compelling true story of the company at the center of the financial storm and how it nearly caused the entire economic system to collapse.

 

About Roddy Boyd

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Roddy Boyd is an investigative reporter who has been uncovering financial market shenanigans for more than a decade. Most recently at Fortune magazine, he also worked at the New York Post's business desk, the New York Sun and Institutional Investor News, and has written for Slate's "The Big Money." In addition to founding the financial investigative reporting website TheFinancialInvestigator.com, he has worked on both the buy- and sell-sides of Wall Street.
 
Published March 3, 2011 by Wiley. 367 pages
Genres: Business & Economics, Professional & Technical. Non-fiction
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WSJ online

Above average
Reviewed by James Freeman on Apr 05 2011

...a vivid portrait of the giant ­insurer at the center of the 2008 financial crisis. The book's subtitle is "A Cautionary Tale of AIG's Corporate ­Suicide." Readers may end up wondering whether the corporation jumped—or was pushed.

Read Full Review of Fatal Risk: A Cautionary Tale... | See more reviews from WSJ online

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