Customer Reviews

April Fools: An Insider's Account of the Rise and Collapse of Drexel Burnham

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I just had a really enjoyable time reading this book. Love the author's humor and style. Always giving both sides to the argument and both fun to read as a novel and educational to read about the junk bond market and the inner workings of "the system" -- both of wall street and of the office of district attorneys.

This book was a little run of the mill. The story sounded like it would be full of interesting stories, but it really did not rise to the occasion. This book is a review if the problems DBL had after their Junk Bond department ran into trouble with the SEC. The book covers the collapse as an overall review with not much new info that has not been shared in other books. The best part of the book was when the authors took to describing all the financial players involved, their egos, and ways of life and doing business. The excesses of some of the companies detailed are really something. If you are interested in this topic then I would suggest you also read "Den of Thieves" and "Predator's Ball", both of which cover the 80's M&A and Junk Bond world. To get a better understanding of KKR, I would suggest "Masters of Debit". They are much better books then this one.