Ebook ZERO COUPON, by Paul Erdman
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ZERO COUPON, by Paul Erdman
Ebook ZERO COUPON, by Paul Erdman
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A Novel
- Sales Rank: #10234782 in Books
- Published on: 1993
- Binding: Hardcover
Most helpful customer reviews
0 of 0 people found the following review helpful.
Five Stars
By Linda Sposato
Erdman never disappoints
11 of 11 people found the following review helpful.
Character-driven story with a technical plot
By S. McHale
Something Paul Erdman does that many of his comtemporaries neglect to do is he gives his characters personality and life. The dialogue has some spark.
Besides good characters, Erdman is good with the technical details of finance. You get to dabble with offshore corporation, shell companies, underwriting and the like. It does not read like a textbook. It reads more like what you can imagine Micheal Milken doing in a meeting with his minions as he's setting up something - lots of charisma, some financial details, but not so much details that it would put us laypeople to sleep.
His other books are like this, too. Except for the Swiss Account (which reads like a history book) and The Panic of 89 (which reads like a Tom Clancy thriller).
1 of 1 people found the following review helpful.
EYE-OPENING LOOK INTO THE WORLD OF FINANCE
By Theresa Welsh
Yes, this is an older book, written after the 1990s Milken - Boesky financial scandals, but it is timely again, with the financial meltdown of 2009. Erdman's book features an unforgettable character, Willy Saxon, who craves risky financial transactions like some of us crave our favorite ice cream. As the story opens, Willy is just getting out of jail for some previous shady dealings. He doesn't waste any time setting himself up in a fancy hotel, making friends with a woman whose social standing gives her access to the rich and powerful, and calling on his previous contacts to help him get "back in the game." He goes to Liechtenstein to claim the millions of dollars he's stashed away, then begins buying companies, property and equipment and lining up people at a dizzying pace.
I learned about "inverse floaters" and "zero coupons" about which I previously knew nothing. The story is full of the twists and turns of financial products, and though Willy is an many ways an endearing guy who doesn't get anyone killed, he is still treading on shaky ground. In fact, I kept wondering how I should feel about Willy. He was not an honest person, but, due to good guessing in some heart-stopping events that were the key to either success or another trip to the slammer, Willy emerges triumphant. Yes, he did stuff that was illegal, but he makes everything right. The ending of the story is actually delightful, and I won't spoil it by relating it here, but I can say I thoroughly enjoyed reading this book. And I wonder - did too many Willy Saxons cause our current financial crash? Maybe too many who, unlike Willy, did not make it right?
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