"The first thing you think is where's the edge, where can I make a bit
more money, how can I push, push the boundaries. But the point is, you
are greedy, you want every little bit of money that you can possibly get
because, like I say, that is how you are judged, that is your
performance metric"
--Tom Hayes, 2013
In the midst of the financial crisis, Tom Hayes and his network of
traders and brokers from Wall Street's leading firms set to work
engineering the biggest financial conspiracy ever seen. As the rest of
the world burned, they came together on secret chat rooms and late night
phone calls to hatch an audacious plan to rig Libor, the 'world's most
important number' and the basis for $350 trillion of securities from
mortgages to loans to derivatives. Without the persistence of a rag-tag
team of investigators from the U.S., they would have got away with
it....
The Fix by award-winning Bloomberg journalists Liam Vaughan and Gavin
Finch, is the inside story of the Libor scandal, told through the
journey of the man at the centre of it: a young, scruffy, socially
awkward misfit from England whose genius for math and obsessive
personality made him a trading phenomenon, but ultimately paved the way
for his own downfall.
Based on hundreds of interviews, and unprecedented access to the traders
and brokers involved, and the investigators who caught up with them,
The Fix provides a rare look into the dark heart of global finance at
the start of the 21st Century.
