Title
Big Bets Gone Bad: Derivatives And Bankruptcy In Orange County. The Largest Municipal Failure In U.S. History
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How Can A Municipal Investment Pool, Which Is Supposed To Be Safe, Lose Billions Of Dollars? What Are Derivatives And How Did They Contribute To This Tragedy? In December 1994, Orange County Became The Largest Municipality In U.S. History To Become Bankrupt. By Borrowing Heavily And Placing The Wrong Bets, Orange County Treasurer Robert Citron Lost $1.7 Billion Of Orange County'S $7.4 Billion Investment Portfolio. Big Bets Gone Bad: Derivatives And Bankruptcy In Orange County Is The First Detailed Description Of The Orange County Bankruptcy. Author Philippe Jorion, The Only Professor In Orange County Who Teaches And Researches Derivatives, Is Uniquely Placed To Understand The Technical Details Of The Portfolio And Climate In The Orange County Municipal Government That Encouraged The Decisions That Led To The Bankruptcy. Big Bets Gone Bad Provides An Introduction To The U.S. Bond Market And Details Federal Reserve Chairman Greenspan'S Efforts To Tighten Credit. Its Description Of The $35 Trillion Derivatives Market Makes The Losses Of Barings Bank, Kashima Oil, West Virginia, And Metallgesellschaft More Understandable. Big Bets Gone Bad Explains What Everyone Should Know About Tax Monies And Public Investments. Because Nobody Likes To Lose $1.7 Billion.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does the book have? A: This book has one hundred seventy-six pages. It provides a comprehensive exploration of the Orange County bankruptcy case.
- Q: What is the binding type of this book? A: The book is available in paperback binding. This makes it lightweight and easy to handle.
- Q: Who is the author of this book? A: The author is Philippe Jorion, Ph.D. He is a recognized expert in derivatives and their impact on finance.
- Q: Is this book suitable for beginners in finance? A: Yes, this book is suitable for beginners. It provides an introduction to the U.S. bond market and derivatives.
- Q: What are the main themes covered in this book? A: The main themes include municipal bankruptcy and derivatives. It specifically discusses the Orange County bankruptcy case.
- Q: What year was this book published? A: This book was published in two thousand twelve. It reflects on past financial events and lessons learned.
- Q: How should I store this book to keep it in good condition? A: Store the book in a cool, dry place away from direct sunlight. This prevents damage to the cover and pages.
- Q: Can I read this book if I have no finance background? A: Yes, you can read this book without a finance background. It explains concepts in accessible language.
- Q: How do I care for the paperback binding? A: Keep the book away from moisture and avoid bending the cover. This helps maintain its shape and integrity.
- Q: Is this book appropriate for academic study? A: Yes, this book is appropriate for academic study. It offers in-depth analysis and insights into financial crises.
- Q: What kind of audience would benefit from this book? A: Students, professionals, and anyone interested in finance will benefit from this book. It provides valuable case studies.
- Q: Are there any notable case studies in this book? A: Yes, the book includes notable case studies such as the Orange County bankruptcy. These provide real-world examples of financial failure.
- Q: What can I learn about derivatives from this book? A: You can learn about the role of derivatives in financial crises. The author explains their complexities and risks.
- Q: What kind of insights does the author provide? A: The author provides insights into municipal finance and investment risks. He draws from his expertise in derivatives.
- Q: How does this book compare to other finance books? A: This book uniquely focuses on a specific municipal failure. It offers detailed analysis not commonly found in other texts.
- Q: What should I do if I receive a damaged copy? A: If you receive a damaged copy, contact customer service for a replacement. They will guide you through the return process.