Den of Thieves is the exhaustively researched story of the junk bond traders of the 80s and the damage they wrought on the stock market.
The author, James B. Stewart, covered the story for the Wall Street Journal, and in this book he vastly expands on our understanding of the zeitgeist of the era, the perpetrators, and the means by which they committed their crimes. Stewart’s prose is low-key and fluid, allowing the characters of the traders and law enforcement officers to come to focus.
Den of Thieves can be a bit of a slog at times, mostly due to the sheer amount of information—deal after crooked deal is described in unrelenting detail. Coupled with the highly technical nature and purposefully byzantine nature of the deals, keeping things straight in your head can be a bit of a challenge.
Where the book really shines is in describing, through their deeds, the almost demonic avarice and callousness of some of the corporate raiders of the 80s.
Releated Core Dump review:
Posted Monday, 22 January, 2007 by Nic Lindh
Another book roundup, including some stellar athletes and soldiers, what might be the most jaded, soul-weary protagonist ever, and some grimdark fantasy.
The Internet is getting creepy, and Nic is breaking out his tinfoil hat after newspaper paywalls push him over the edge.
Nic is tired of tech sites obsessing over Apple’s financials and business strategy. So very tired.
Nic reads a book about the processed food industry and is incensed.
Computers are complicated. This brings out the irrational in people.
Nic proposes the loan word Rechthaberei be incorporated into American English.
The Core Dump is back! Books were read during the hiatus. Includes The Coldest Winter, Oh, Myyy!, Tough Sh*t, The Revolution Was Televised, The Rook, Mr. Penumbra’s 24 Hour Bookstore, Gun Machine, Fortress Frontier, Standing in Another Man’s Grave, and The Memory of Light.
This site will return in February.
From a true patriot to a world-weary detective, a dead god, and a civilization about to sublime from the galaxy, this book roundup spans the gamut. Includes Where Men Win Glory, Wild, Inside the Box, The Black Box, Three Parts Dead, Red Country, and The Hydrogen Sonata.
Springsteen gives a concert in Phoenix. It’s fantastic.