Other People's Money Book Summary

In 'Other People's Money,' Charles V. Bagli unravels the high-stakes world of real estate financing in New York City. As he navigates through scandal and ambition, Bagli reveals how fortunes are made and lost on the backs of unsuspecting investors. The narrative is a gripping exploration of greed, power, and the complexities of ethical investment. With vivid character portraits and meticulous research, the book exposes the secretive dealings of industry moguls. This compelling read raises the question: what happens when the thirst for profit overshadows principles?

By Charles V. Bagli

Published: 2014

"In the world of finance, the true value of money lies not in its accumulation, but in its ability to shape destinies and transform landscapes."

Book Review of Other People's Money

A veteran New York Times reporter dissects the most spectacular failure in real estate history Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town–Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit—and MetLife scored a $3 billion profit? Illuminating the world of big real estate the way Too Big to Fail did for banks, Other People’s Money is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown.

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In the world of finance, the true value of money lies not in its accumulation, but in its ability to shape destinies and transform landscapes.

Other People's Money

By Charles V. Bagli