Joseph Jett went from a $75,000 salary to a $9 million bonus and Kidder Peabody's Man of the Year, until $350 million of his reported profits turned out not to exist. Here's how a bond-trading system that counted tomorrow's money as today's helped sink a Wall Street firm, what Jett says happened, and what the rulings actually said.
Chapters:
0:00 Intro: Man of the Year, Then the Profits Vanished
0:48 The Rising Star
1:29 The Machine That Counted Tomorrow's Money
3:01 The Man of the Year
4:08 The Numbers Break
5:17 The Fall of Kidder
6:19 Jett's Side of the Story
7:11 What the Rulings Actually Said
8:19 The Golden Nuggets
8:55 The Final Question
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