When Genius Failed: The Rise and Fall of LTCM

This new book by Roger Lowenstein about Long-Term Capital Management suggests that the lenders were clueless as to the nature of the LTCM's assets and strategies and equally ignorant as to LTCM's total indebtedness. Rather, the banks relied on the brand name that LTCM had established through its roster of partners.

Reviewed by Ron Feldman, Assistant Vice President, Banking Supervision, Federal Reserve Bank of Minneapolis, in The Region magazine, December 2000

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