Review of “A Dangerous Fortune”
A murder at an exclusive boy’s school sets in motion the events that lead to the bankruptcy of an 1800s British banking house. “A Dangerous Fortune” is a fascinating picture of financial intrigue and the credit cycle when there were no central bankers around to save the banks from themselves.
An excellent, well-researched and realistic story by Ken Follett, one is transported back to the mean streets and society of 1800s England.
Financial Content: Those interested in the “credit cycle” will see parallels in “A Dangerous Fortune” with the loosening of lending standards for the South American boom in the late 1800s. Collapsing credit takes on a whole new meaning when bank shareholders lose all their personal wealth in a “financial panic”.