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House of Cards
House of Cards
Oct 27, 2024 2:31 AM

Author:Niall Brady

House of Cards

In the summer of 2011, investors with Custom House Capital - some of whom had all their pension savings tied up with the investment house - faced a nightmare: the possibility that their money was gone, and that they wouldn't be getting it back.

Finance journalist Niall Brady takes us behind the scenes for the first in-depth account of a disaster that has cost investors millions. He shows how clients' funds were mis-allocated to cover losses, how the Financial Regulator, though aware of irregularities at CHC for years, failed to forestall the crisis, and how it remains unclear, over a year after the scandal was uncovered, whether people will get their money back. His account of the strange culture and practices of CHC makes House of Cards a must-read for fans of Too Big to Fail and The Big Short.

Niall Brady is a chartered accountant and a journalist with the Sunday Times.

'Damning ... Brady tells the tale of how the rogues still run rings around the protectors' Shane Ross, Sunday Independent

'One of the most shocking stories to have emerged in Ireland's economic bust' Cantillon, Irish Times

'Excellent concise read. Great story' Tom Lyons, author of The FitzPatrick Tapes

Reviews

Damning ... Brady tells the tale of how the rogues still run rings around the protectors

—— Shane Ross , Sunday Independent

One of the most shocking stories to have emerged in Ireland's economic bust

—— Cantillon , Irish Times

Excellent concise read. Great story

—— Tom Lyons

Edward Tse is an influential thinker in the Chinese business community given his unique background coupled with global knowledge and perspective. China's Disruptors will enlighten global business leaders with new visions coming from China

—— Wang Wei, Chairman, China Mergers & Acquisitions Association

This is the book for every person who is wondering how China's impressive growth in business is going to impact the rest of the world

—— Dr. Hubert Lienhard, President and CEO of Voith GmbH, Chairman of the Asia-Pacific Committee for German Business (APA)

Dr. Edward Tse explores very clear the rise of the China's entrepreneurs and the opportunities their rise will generate. After reading the book it became very clear for me how global businesses will inevitably have to become more 'Chinese' in their manner of operating

—— Ronnie Leten President & CEO, Atlas Copco AB

A detailed and fascinating study of the changing landscape in China and the entrepreneurs who are driving that change forward. This is a book that will only become increasingly important in the years to come

—— Chen Dongsheng, Chairman and CEO, Taikang Life Insurance Co. Ltd. and President, China Entrepreneurs Forum

A useful corrective for those who regard China as a calcified state-driven economy and underestimate the changes taking place

—— Financial Times

Big Capital adds to what must be a commitment to change. It lays out clearly that the struggle for space will be at the top of the agenda within large cities

—— Lisa Mckenzie, Research Fellow in the Department of Sociology, London School of Economics

David Enrich is a masterful story teller ... Michael Lewis has a new rival

—— Sheila Bair, former chair of the FDIC and president of Washington College

An absorbing read that provides both a meticulous dissection of an immense scandal as well as a fascinating human story

—— Bethany McLean, bestselling author of THE SMARTEST GUYS IN THE ROOM: THE AMAZING RISE AND SCANDALOUS FALL OF ENRON

For years, David Enrich has chased down the inside story of one the biggest financial frauds in history and was even threatened with jail by a British court if he printed what he knew. Now, in his blockbuster book The Spider Network, all of the secrets come spilling out…With an unerring eye for detail, Enrich shows in this masterful work how a toxic stew of greed, arrogance and a lust for power led to a criminal scheme of unparalleled dimensions. It should be required reading for anyone who wants to understand the dirty underbelly of the financial world.

—— Kurt Eichenwald, Pulitzer Prize winning author of THE INFORMANT

This dwarfs by orders of magnitude any financial scams in the history of markets.

—— Andrew Lo, Professor of Finance at MIT

In the hands of journalist David Enrich, the true tale of former UBS and Citigroup trader Tom Hayes becomes a page-turning crime drama that engages – and educates – readers from beginning to end.

—— The Charlotte Observer

A gripping narrative ... impressive reporting and writing chops are on full display ... reads like a fast-paced John le Carré thriller, and never lets up

—— New York Times book review

a feat of reporting, and much of it reads like a novel

—— Leigh Gallagher , Washington Post

a remarkable read

—— John Arlidge , Sunday Times

jaw-dropping

—— Financial Times

a gripping financial thriller

—— Daily Mail

Well worth the read. I couldn’t put it down

—— Investing.com

A potent book... an incisive social critique that slices through financial jargon and gobbledygook to accurately map the all-too-common corruption in America’s hedge funds that are sucking up billions and billions that used to be invested for the growth and benefit of society as a whole in building infrastructure, expanding existing and new businesses and creating jobs

—— Winnipeg Free Press

An utterly absorbing look at how Cohen pushed his traders to the limit—that “black edge”—and how he mostly insulated himself from the potential ramifications. This fast-paced, true-life thriller will leave readers enraptured—and troubled

—— Booklist
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