Normal 0 false false false MicrosoftInternetExplorer4 Satyajit Das is an international specialist in the area of financial derivatives, risk management, and capital markets, with a global reputation. Das presciently anticipated many aspects of the Global Financial Crisis in his 2006 book Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives. In a speech that year--"The Coming Credit Crash"--he argued that: "an informed analysis of the structured credit markets shows that risk is not better spread but more leveraged and (arguably) more concentrated amongst hedge funds and a small group of dealers. This does not improve the overall stability and security of the financial system but exposes it to increased risk of a 'crash' during a credit downturn." He has continued to be a respected commentator on subsequent developments in the crisis. He was featured in Charles Ferguson's 2010 Oscar-winning documentary Inside Job and a 2009 BBC TV documentary Tricks with Risk. He has appeared on TV and radio--ABC and SBS (Australia); BBC (UK); Bloomberg (USA); CNBC (UK and Asia); SABC, Summit TV and e-TV (South Africa); Canadian Broadcasting and Business New Network (Canada); and NZ Radio. He is a frequent interviewee and widely quoted in the financial press in the United States, Canada, UK/ Europe, South Africa, Australia, New Zealand, and Asia. Between 1988 and 1994, Das was the Treasurer of the TNT Group, an international transport and logistics company with responsibility for the Global Treasury function. Between 1977 and 1987, he worked in banking with the Commonwealth Bank of Australia, Citicorp Investment Bank, and Merrill Lynch. Since 1994, Das has acted as a consultant to financial institutions and corporations in Europe, North America, Asia, and Australia. He provides advice on trading, pricing/valuation, and risk management of derivative transactions/financial products. He also presents advanced seminars on financial derivatives/ risk management and capital markets for derivatives and finance professionals throughout the world. Between 2000 and 2007, he was a consultant to and Director of Rand Merchant Bank, a division of First Rand Group of South Africa. He is the author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives--Revised Edition (2006 and 2010), an insider's account of derivatives trading and the financial products business filled with black humor and satire. The book has been described by the Financial Times, London as "fascinating reading...explaining not only the high-minded theory behind the business and its various products but the sometimes sordid reality of the industry." James Pressley at Bloomberg included the revised edition of the book in his list of 50 top business titles published since January 1, 2009. Das is also the author of a number of key reference works on derivatives and risk management including Swaps/ Financial Derivatives Library--Third Edition (2005) (a four-volume, 4,200-page reference work for practitioners on derivatives) and Credit Derivatives, CDOs and Structured Credit Products--Third Edition (2005). He has published widely on financial issues in professional journals and newspapers. His blogs can be found on a number of online financial sites, including www.nakedcapitalism.com, www.roubini.com, www.minyanville.com, www.eurointelligence.com and www.prudentbear.com. Das is also the author (with Jade Novakovic) of In Search of the Pangolin: The Accidental Eco-Tourist (2006, New Holland), a travel narrative on eco-tourism.
"A true insider's devastating analysis of the financial alchemy of
the last 30 years and its destructive consequences. With his
intimate first-hand knowledge, Das takes a knife to global finance
and financiers to reveal the inner workings without fear or favor."
-Nouriel Roubini, Professor of Economics at NYU Stern School of
Business and Chairman of Roubini Global Economics "Das describes
the causes of the financial crisis with the insight and
understanding of a financial wizard, the candor and objectivity of
an impartial observer, and a wry sense of humor that reveals the
folly in it all." -Brooksley Born, Former Chairperson of the U.S.
Commodity Futures Trading Commission (CFTC) "This is the best book
yet to come out of the financial crisis. Das is a graceful, witty
writer, with an unusually broad range of reference. He is also a
long-time master of the arcana of the netherworlds of finance and
nicely balances historical sweep with illuminating detail. Extreme
Money is lively, scathing, and wise. " -Charles Morris, Author of
The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the
Great Credit Crash "Like Hunter S. Thompson's Fear and Loathing in
Las Vegas, Extreme Money launches you into a fascinating and
disturbing alternative view of reality. But now greed predominates,
the distorted world of finance is completely global, and the people
making crazy decisions can ruin us all. This is an informative,
entertaining, and deeply scary account of Hades's new realm. Read
it while you can. " -Simon Johnson, Ronald A. Kurtz Professor of
Entrepreneurship at MIT Sloan School of Management and Author of 13
Bankers: The Wall Street Takeover and the Next Financial Meltdown
"You know when Lewis Caroll, Max Weber, Alan Greenspan, and Sigmund
Freud all appear on the same early page that you are about to read
an intellectual tour de force. Das is an authoritative and colorful
critic of modern markets, and here he weaves financial history and
popular culture into an entertaining and blistering social critique
of how so many people have come to chase endless financial
reflections of the real economy. Extreme Money speaks truth to
power. " -Frank Partnoy, George E. Barrett Professor of Law and
Finance at the University of San Diego and Author of F.I.A.S.C.O,
Infectious Greed, and The Match King
A true insider s devastating analysis of the financial alchemy of
the last 30 years and its destructive consequences. With his
intimate first-hand knowledge, Das takes a knife to global finance
and financiers to reveal the inner workings without fear or
favor.
Nouriel Roubini, Professor of Economics at NYU Stern School of
Business and Chairman of Roubini Global Economics Das describes the
causes of the financial crisis with the insight and understanding
of a financial wizard, the candor and objectivity of an impartial
observer, and a wry sense of humor that reveals the folly in it
all.
Brooksley Born, Former Chairperson of the U.S. Commodity Futures
Trading Commission (CFTC) This is the best book yet to come out of
the financial crisis. Das is a graceful, witty writer, with an
unusually broad range of reference. He is also a long-time master
of the arcana of the netherworlds of finance and nicely balances
historical sweep with illuminating detail. Extreme Money is lively,
scathing, and wise.
Charles Morris, Author of The Two Trillion Dollar Meltdown: Easy
Money, High Rollers, and the Great Credit Crash Like Hunter S.
Thompson s Fear and Loathing in Las Vegas, Extreme Money launches
you into a fascinating and disturbing alternative view of reality.
But now greed predominates, the distorted world of finance is
completely global, and the people making crazy decisions can ruin
us all. This is an informative, entertaining, and deeply scary
account of Hades s new realm. Read it while you can.
Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship at MIT
Sloan School of Management and Author of 13 Bankers: The Wall
Street Takeover and the Next Financial Meltdown You know when Lewis
Caroll, Max Weber, Alan Greenspan, and Sigmund Freud all appear on
the same early page that you are about to read an intellectual tour
de force. Das is an authoritative and colorful critic of modern
markets, and here he weaves financial history and popular culture
into an entertaining and blistering social critique of how so many
people have come to chase endless financial reflections of the real
economy. Extreme Money speaks truth to power.
Frank Partnoy, George E. Barrett Professor of Law and Finance at
the University of San Diego and Author of F.I.A.S.C.O, Infectious
Greed, and The Match King "
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