Panic : the story of modern financial insanity
(Book)

Includes bibliographical references.

This work is an analysis of five financial upheavals in recent history. It includes coverage of the 1987 stock market crash, the 1998 Russian default (and the consequent collapse of U.S. hedge fund Long-Term Capital Management), the Asian currency crisis of 1999, the Internet bubble of 1995-2001, and the 2008 sub-prime mortgage crisis, in an anecdotal report that reveals how public knowledge differed from what was actually taking place. The author offers a wide and varied perspective on modern finances with this powerful collection of essays by noted authors like Nobel Prize winner Paul Krugman, Business Week's David Henry, Lewis himself, and many others. By examining the history of current financial practices, these essays show where the fruits of these activities are leading us.