Going for Broke

Going for Broke

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Rothchild, John Simon & Schuster, 1991
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IN THIS SUMMARY

The 1980s were full of outlandish wheeling and dealing, mystical accounting, and phenomenal financial calamities. Incomprehensible greed and stupidity ravaged the economy, and Going for Broke is a fitting epilogue to this money-mad era. Without injecting any armchair psychoanalysis, Rothchild manages to convey the dysfunction surrounding not only Campeau, but also the entire investment banking industry. It is a tale that is at once infuriating, frightening, and funny, and serves to remind us that the country’s economic leaders need to make major readjustments in their financial philosophies.