An Evening with David Enrich, Wall Street Journal
Date and Time
Tuesday, November 14, 2017
This event occurred in the past
- Tuesday, November 14, 2017 from 6 p.m. to 8 p.m.
Location
Joan B. Kroc Institute for Peace and Justice, Theatre
5998 Alcala Park San Diego, CA 92110Cost
0
Details
Please join us for a special evening with USD School of Law's Herzog Endowed Scholar and Professor of Law, Jordan Barry, as he interviews the Wall Street Journal's award-winning business reporter, David Enrich, about his new book.
The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History, unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history.
In 2006, an oddball group of bankers, traders and brokers from some of the world's 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 functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed "Gollum"; the broker "Abbo," who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as "Village" (short for "Village Idiot"); an executive called "Clumpy" because his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose." Eventually known as the "Spider Network," Haye's circle generated untold riches - until it all unraveled in spectacularly vicious, backstabbing fashion.
The Spider Network provides insights of the scam as well as a provocative examination of a financial system that was crooked throughout, designed to promote envelope-pushing behavior while shielding higher-ups from the consequences of their subordinates' rapacious actions.
A book signing will take place after the program and copies of the book will be available for sale.
Event Schedule
6 - 7 pm Registration/Networking Reception
7 - 8 pm Presentation Begins
REGISTRATION INFORMATION
| Registration Category | |
| General Registration | $50 |
| Government Employee or Attorney | $20 |
| Non-USD Students and Faculty | $20 |
| USD Students and Faculty | FREE |
Space is limited so REGISTER today!
- About the Speaker
David Enrich is European Banking Editor for The Wall Street Journal and is responsible for coordinating the Journal’s coverage of banking and regulatory policy across Europe. Enrich joined the Journal in December 2007 in New York as a reporter writing about the U.S. banking industry, with a particular focus on Citigroup. He relocated to the Journal's London bureau in March 2010, covering British banks and regulation. Enrich was named European banking editor in March 2012. Prior to joining the Journal, he was a reporter with Dow Jones Newswires for several years.Enrich has received numerous journalism awards, including in 2012 an Overseas Press Club award for coverage of the European financial crisis and a George Polk Award for coverage of insider trading. Enrich was part of teams of Journal reporters who were finalists for Pulitzer Prizes in 2009 and 2011.Prior to joining Dow Jones in 2003, Enrich was a reporter for States News Service in Washington, D.C.A Lexington, Mass., native, Enrich received his Bachelor’s degree in 2001 from Claremont McKenna College in Claremont, Calif. He currently lives in London with his wife.
