Big Bets Gone Bad

Discover the intriguing story behind one of the most significant financial disasters in U.S. history with Big Bets Gone Bad by Emerald Publishing Limited. Released in 1995, this compelling paperback explores the shocking bankruptcy of Orange County, which became the largest municipality in the nation to declare bankruptcy in December 1994.

This insightful book delves into the complexities of municipal investment pools and the role of derivatives in this financial tragedy, revealing how billions of dollars were lost in what was supposed to be a safe investment. With 176 pages of detailed analysis, Big Bets Gone Bad offers readers a thorough understanding of the events leading to this unprecedented collapse. Perfect for finance enthusiasts and those interested in municipal governance, this book is a must-read for anyone looking to grasp the intricacies of financial risk and management.