Separating Fools from Their Money

Scott B. MacDonald is a senior managing director and head of research at MC Asset Management Holdings, LLC. His numerous books include European Destiny, Atlantic Transformations; A History of Credit and Power in the Western World; and Asia's Rise in the 21st Century. Jane E. Hughes is a director at Social Finance US. She is an adjunct professor at Simmons College School of Management and Boston College Carroll School of Management. Hughes co-authored, with Scott B. MacDonald, International Banking and, with Scott B. MacDonald and David Leith Crum, New Tigers and Old Elephants.

• Revised Preface1. Introduction2. Wall Street Loses Its Innocence: William Duer and the Panic of 17923. The Gilded Age Part I: All That Glitters4. The Gilded Age Part II: Of Presidents and Bankers5. Teapot Dome Erupts6. Empires Undone: Samuel Insull, the Emperor of Utilities7. The Decade of Greed: Michael Milken, Junk Bonds, and Insiders (1980s)8. The Decade of Greed, Continued: Where the Money Is9. The 1990s B.E. (Before Enron): A Few Bad Apples, or Rotten to the Core?10. Enron Etc. Vol. I: Crooks, Liars, and Envelope-Pushers11. Enron Etc. Vol. II: Enablers, Symbols, and Scapegoats12. Eliot the Untouchable (Spitzer, not Ness)13. ConclusionPostscript: The Financial Panic of 2007-2008Selected BibliographyIndex