Audio only
The Spider Network
The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial HistoryBy David EnrichNarrated by Mike ChamberlainLength15h 30m
About this audiobook
The 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.
In 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 the interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that among others included 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; a broker known as “Village” (short for “Village Idiot”) and fascinated with human-animal sex; 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.
The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was crooked throughout, designed to promote envelope-pushing behavior while shielding higher-ups from the consequences of their subordinates’ rapacious actions.
Audiobook details
GenreBusiness and Economics, Politics and Government
Length15 hrs 30 mins
Narrated byMike Chamberlain
FormatAudiobook
Publish dateMar 21, 2017
LanguageEnglish
More from David Enrich
AretéBrian Johnson19h 57m$35
Level UpRob Dial7h 42m$26 · $0.00
Hal Moore on LeadershipHarold G. Moore, Mike Guardia5h 6m$17
Basic Economics, Fifth EditionThomas Sowell28h 6m$40
The Goals ProgramZig Ziglar4h 34m$20
The Stocks & ETF Compass: A Guide to Wealth, High Standard of Living, and Secure Retirement through Intelligent Investment in the Stock Market and Passive Income – Including Starter GuideJens Hattermann4h 9m$20 · $0.00
Eat It!Jordan Syatt, Michael Vacanti4h 40m$20 · $0.00
Not Everything Counts but Everything Matters: The powerful and inspirational new book about leadership and achieving success from the visionary multi-premiership winning Panthers coachIvan Cleary6h 1m$24 · $0.00
Leads MachineFrancis Rodino6h 30m$27 · $0.00
CAPITAL (Complete 3 Volume Edition)Karl Marx111h 13m$2 · $0.00
BuildTony Fadell11h 5m$8 · $0.00
The Joys Of CompoundingGautam Baid17h 34m$18 · $0.00
The Entrepreneur Roller CoasterDarren Hardy7h 8m$17
The Law of Success in Sixteen LessonsNapoleon Hill1h 31m$2 · $0.00
The Ambuja StoryNarotam Sekhsaria13h 59m$33 · $0.00
Military Culture ShiftCorie Weathers13h 13m$25 · $0.00
Saving Social CareNeil Eastwood4h 54m$18 · $0.00
Big TrustShadé Zahrai, Fayçal Sekkouah8h 36m$26 · $0.00
SocialismLudwig von Mises24h 8m$30
The Intelligent Investor Third EditionBenjamin Graham, Jason Zweig20h$46 · $0.00
The Gulag Archipelago Volume 3Aleksandr I. Solzhenitsyn21h 56m$46 · $0.00
MotherlandJulia Ioffe17h 52m$40 · $0.00
I've Been to the MountaintopMartin Luther King48m5 (1)$11 · $0.00
HostageEli Sharabi5h 25m$24 · $0.00
Pardon of Innocencethe Author, Lieutenant General Michael T. Flynn (Ret.)6h 23m$23
KrantikariSanjeev Sanyal11h 44m$16 · $0.00
Unbroken Bonds of BattleJohnny Joey Jones8h 31m$8 · $0.00
On Democracies and Death CultsDouglas Murray10h 38m$29 · $0.00
Legally YoursManasi Chaudhari8h 52m$29 · $0.00
Balcony Over Jerusalem: A Middle East Memoir - Israel, Palestine and BeyondJohn Lyons12h 37m$33 · $0.00
RiggedMollie Hemingway12h 48m$23 · $0.00
The Thomas Sowell ReaderThomas Sowell14h 51m$25
SledgehammerDavid Friedman8h 21m$26 · $0.00
So You Want to Talk about RaceIjeoma Oluo7h 41m$17
No EscapeNury Turkel9h 30m$28 · $0.00
In Defense of the Second AmendmentLarry Correia6h 50m$17
UnthinkableJamie Raskin15h 8m$8 · $0.00
The ManbookNick Freitas5h 43m$24 · $0.00
My Fourth Time, We DrownedSally Hayden13h 59m$23 · $0.00
A Revolution of Common SenseScott Jennings9h 29m$29 · $0.00
You may also like
The Bluegrass ConspiracySally Denton14h 2m$23
Story of My Assassins, TheTarun Tejpal18h 30m$21
ResolveJ. J. Hensley8h 41m$20 · $0.00
HOSTILE WITNESSWilliam Lashner2h 43m$18 · $0.00
Odd NumbersAnne Holt13h 53m$23
The Man of Last Resort; Or, The Clients of Randolph MasonMelville Davisson Post5h 35m$2 · $0.00
The HermitThomas Rydahl16h 44m$23
Defending Billy RyanGeorge V. Higgins7h 20m$17
The Blonde LadyMaurice Leblanc6h 41m$12 · $0.00
The PlunderersEdwin Lefevre10h 6m$1 · $0.00
BinoA. W. Gray7h 32m$20 · $0.00
BorderlineMark Schorr9h 6m$20
RandomPenn Jillette7h 14m$17 · $0.00
Material WitnessRobert K. Tanenbaum11h 21m$26
The Wrong LetterWalter S. Masterman4h 22m$15
Juggernaut: A Veiled RecordGeorge Cary Eggleston, Dolores Marbourg7h 30m$2 · $0.00
Odds AgainstDick Francis1h 41m$17
Soul CageTetsuya Honda10h 14m$23
The Man of Last Resort; Or, The Clients of Randolph MasonMelville Davisson Post5h 37m$2 · $0.00
Happy Birthday, Turk!Jakob Arjouni4h 40m$15 · $0.00