The Spider Network

  • by David Enrich
  • Narrated by Mike Chamberlain
  • 15 hrs and 30 mins
  • Unabridged Audiobook

Publisher's Summary

In 2006 an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor - the London interbank offered rate, which determines the interest rates on trillions in loans worldwide - was set daily by a small group of easily manipulated administrators, and they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed "Gollum"; the broker "Abbo", who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as "Derka Derka"; a broker known as "Village" (short for "Village Idiot"), who racked up huge expense account bills; an executive called "Clumpy" because of his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose", who had once been a semiprofessional boxer. This group generated incredible riches - until it all unraveled in spectacularly vicious, backstabbing fashion.
With exclusive access to key characters and evidence, The Spider Network is not only a rollicking account of the scam but also a provocative examination of a financial system that was crooked throughout.

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Customer Reviews

Most Helpful

Difficult to conclude

I thoroughly enjoyed the story, and could almost feel the very vulnerable, even child like aspect of Hayes character coming from the words. As someone who has experience of dealing with Asperger's in daily life, I could relate and empathise with Hayes situation and have experienced similar events where people I know who suffer with Asperger's have been led down the proverbial garden path into trouble, to the benefit of others. His interpersonal relationships appeared touching and even comical. I did find myself in a quandary whilst reading as my allegiance to the protagonist swung back and forth like a barometer at times, which I think separates this title from others and again really captures the fickleness of human behaviour and emotions.

The narration wasn't too great, it was a little robotic.

Otherwise thumbs up!
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- Amazon Customer

recommended

enthralling story about one of the most visible scams. narration was average and could have been more engaging.
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- Harry

Book Details

  • Release Date: 22-03-2017
  • Publisher: Random House Audiobooks