Subprime confessions
By:
July 2, 2010
In 2007, our friend Keith Gessen of the journal n+1 asked a smart, cynical hedge fund manager to explain why two Bear Stearns-owned hedge funds trading in subprime debt suddenly went bankrupt. The resulting series of conversations were published in n+1, and now they’ve appeared in book form: Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager.
Over at n+1’s website, you can check out excerpts and outtakes from the book.