Saturday, February 23, 2008
'A Tale of High-Flying Speculation'


Here's a new book I want to read: Brandeis University professor Jane Kamensky's 'The Exchange Artist: A Tale of High-Flying Speculation and America's First Banking Collapse.' ... And it happened right here in Boston. Sounds fun. And timely, considering all the dismal subprime and housing news of late. ... I thought of Kamensky's book, a review of which I saw in Fortune magazine but can't find online, after reading John's post on city foreclosures and Paul's post on nightmare city planners in the '60s. Eight high-rise condo towers along the Commonwealth Ave. Mall? ... A quickie summary of Kamensky's book:
And we thought the dudes from Enron were a piece of work!!

Andrew Dexter, Jr. 'bought' (read swiped) real estate property left behind by Tory sympathizers heading back to England after the Revolutionary War. Then he flipped them - using banks that were printing paper money for the first time. It is a tale of a confidence man and capitalism versus the Puritans and conservatism set in New England.
Like I said, sounds fun.
  8:46 AM




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