In a world still uneasy after the financial turmoil of 2008, Justin Cartwright puts a human face on the dishonesties and misdeeds of the bankers who imperiled us. Tubal and Co. is a small, privately owned bank in England. As the company's longtime leader, Sir Harry Tubal, slips into senility, his son Julian takes over the reins-and not all is well. The company's hedge fund now owns innumerable toxic assets, and Julian fears what will happen when their real value is discovered.Artair Macleod, an actor manager whose ex-wife, Fleur, was all but stolen by Sir Harry, discovers that his company's monthly grant has not been paid by Tubal. Getting no answers from Julian, he goes to the local press, and an eager young reporter begins asking questions. Bit by bit, the reporter discovers that the grant money is in fact a payoff from Fleur, written off by the bank as a charitable donation, and a scandal breaks. Julian's temperament and judgment prove a bad fit for the economic forces of the era, and the family business plunges into chaos as he tries to hide the losses and massage the balance sheet.A story both cautionary and uncomfortably familiar, Other People's Money is not a polemic but a tale of morality and hubris, with the Tubal family ultimately left searching only for closure. Bold, humane, urbane, full of rich characters, and effortlessly convincing, this is a novel that reminds us who we are and how we got ourselves here.
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The wonderfully gusty, cranky, self-dramatizing Artair, no shrinking violet, lets a young Cornish newspaper blogger know about his plight, and by a series of small, odd, but persuasively detailed steps, Artair's missing grant for provincial children's theater comes to threaten the centuries-old b...Feb 15 2011 | Read Full Review of Other People's Money: A Novel
What he really wants is to work with horses: “In his mind as he sleeps,” Cartwright writes in a typically wry bit of characterization, “he is still drawing pictures of ponies in the margins of his exercise books.” Julian lets thugs take charge of the business he’s allegedly running, and understan...Aug 05 2011 | Read Full Review of Other People's Money: A Novel
(One minor detail, concerning the protected status of the Cornish pasty, has even in the last few weeks been superseded by real-world events.) But Cartwright, who impressively refuses to write the same novel twice, is a pretty clued-up guide, and Other People's Money a well-paced and absorbing read.Mar 12 2011 | Read Full Review of Other People's Money: A Novel
You have to have suffered and then got your life back on track, in this way enjoying a certain amount of self-admiration, which passes for happiness.” Or, about a dying man: “His pills have given him a strange scent, somewhere between the bottom of a mouldy biscuit tin and a doctor’s ...Mar 10 2011 | Read Full Review of Other People's Money: A Novel
Their physical characteristics have also evolved: the family portraits testify that the “gloomy ancestors” seem to have become “less Mitteleuropa with each passing generation as they married fair people.” This is “a family which once spoke Yiddish, although insulated from the shtetl by generation...| Read Full Review of Other People's Money: A Novel
Sir Harry's last three years were dimmed by a stroke, but even before that, the business of the bank had been increasingly handled by his son, Julian, who had embraced the new financial instruments of sub-prime derivatives that seemed to create value so ingeniously, bringing astonishing rates of ...Apr 27 2011 | Read Full Review of Other People's Money: A Novel
'OTHER People's Money' by Justin Cartwright is an entertaining novel set inside a failing private bank in London and among the family who own it.May 05 2011 | Read Full Review of Other People's Money: A Novel
He knows that people are rarely all of a piece, and like the great 19th-century novelist he knows the value of setting flat characters - like the lawyer Amanda - who exist for comic effect, against the more fully-drawn ones with whose perplexities the reader engages.Feb 28 2011 | Read Full Review of Other People's Money: A Novel
Adventures in the hedge fund and derivatives markets have caused much the same damage to Tubals’ as to other banks, and now Julian must fly to Liechtenstein to divert £250,000,000 illegally from the family trust to contain the damage long enough for him to sell the bank and get out, keeping this ...Jun 01 2011 | Read Full Review of Other People's Money: A Novel
Julian's temperament and judgment prove a bad fit for the economic forces of the era, and the family business plunges into chaos as he tries to hide the losses and massage the balance sheet.
A story both cautionary and uncomfortably familiar, Other People's Money is not a polemic...
A senior Grey Power official's complaints about immigration have been labelled uninformed, but the group's central Auckland president says they reflect the feeling of… Guy defends trip: 'I can't make it rain' Primary Industries Minister Nathan Guy has defended his decision to stay with a trade ...Apr 18 2011 | Read Full Review of Other People's Money: A Novel
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