{"product_id":"the-spider-network-the-wild-story-of-a-math-genius-a-gang-of-9780062452986b","title":"The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History","description":"\u003cb\u003eThe Wall Street Journal's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn 2006, an oddball group of bankers, traders and brokers from some of the world’s largest financial institutions made a startling realization: Libor - the London interbank offered rate, which determines interest rates on trillions in loans worldwide - was set daily by a small group of easily manipulated functionaries. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of shadowy team that used hook and crook to take over the process and set rates that made them a fortune, no matter the cost to others. Among the motley crew was a French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose.” Eventually known as the “Spider Network,” Hayes’s circle generated untold riches - until it all unraveled in spectacularly vicious, backstabbing fashion.","brand":"Harper Collins","offers":[{"title":"Bargain","offer_id":42821900107856,"sku":"9780062452986B","price":9.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0592\/8173\/5760\/files\/9780062452986-l.jpg?v=1785885640","url":"https:\/\/bookoutlet.com\/products\/the-spider-network-the-wild-story-of-a-math-genius-a-gang-of-9780062452986b","provider":"Book Outlet","version":"1.0","type":"link"}