Nicholas Dunbar is one of the most respected financial journalists in the United Kingdom, covering complex derivatives and risk management. He is the author of Inventing Money: The Story of Long-Term Capital Management and a columnist for Reuters. In 2007, he won the State Street award for institutional financial journalism.
"The book has an expert guide in author Nicholas Dunbar, a financial journalist who covered derivatives for the trade press long before they caught the public's attention." "The book written in a punchy prose that is easy to understand, is a triumphant romp through a decade of financial mismanagement. A must-read." - The National "The Devil's Derivatives" presents an intriguing and original analysis of the problems that Wall Street has been spreading to the world." -- Midwest Book Review "... well written and will grab the interest of financial professionals before the first time they have to turn a page." "Dunbar's great at taking the long view of things, and you won't find a better explanation, anywhere, of why banks shouldn't mark their assets to market." - Reuters "Even Warren Buffett could not have stated the case more simply." -- Absolute Return magazine "... a well-researched account of the forces and events that led to the implosion of the financial system three years ago." -- The Irish Times "Nicholas Dunbar follows the first rule of good journalism: talk to everybody. He has interviewed not only the leading players in the derivatives industry, but has also followed many key actors whose stories have never appeared in print--until now. As this book makes clear, the dark side of financial innovation is just getting darker, and it is only a matter of time before we suffer another derivatives fiasco." -- Frank Partnoy, George E. Barrett Professor of Law and Finance, University of San Diego School of Law "Nicholas Dunbar offers an insider's perspective into the complex and risky world of derivatives. The Devil's Derivatives is a compelling book, one that takes clear aim at the risk-takers on Wall Street who contributed to both our economy's growth and decline. Dunbar is a fine writer who combines a deep knowledge of finance with a great knack for storytelling." -- Edward Chancellor, author, Crunch Time for Credit and Devil Take the Hindmost: A History of Financial Speculation "The Devil's Derivatives is a bold book written by a hardnosed journalist with a stiff backbone. With guts and nerve, Nick Dunbar investigates the gamblers and speculators who contributed to the latest financial crisis. At last, a book on the subject that shows true grit." -- Jules Kroll, founder of Kroll Inc., and Chairman and cofounder of K2 Global Consulting