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The Set-Up, by Paul Emil Erdman
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Imprisoned unexpectedly by the Swiss police, former Chairman of the U.S. Federal Reserve Board Charlie Black and his wife agree to take part in an elaborate escape scheme, unwittingly launching the couple into the midst of those who had framed him.
- Sales Rank: #1480745 in Books
- Published on: 1997-04
- Original language: English
- Number of items: 2
- Dimensions: 9.75" h x 6.50" w x 1.25" l,
- Binding: Hardcover
- 341 pages
From Library Journal
A man framed for financial fraud is rescued from prison by the same group responsible for his wrongful conviction. From the author of Zero Coupon (Forge,
Copyright 1996 Reed Business Information, Inc.
From Booklist
Current business headlines--the volatile derivative market, secret Swiss bank accounts, etc.--animate Erdman's latest financial thriller. The last thing Charles Black expects, when he lands in Basel to represent the U.S. at the monthly meeting of national bank leaders at the Bank for International Settlements (BIS), is arrest by the Swiss police. Recently resigned after four years at the helm of the Federal Reserve Board, Black is a temporary special envoy to the BIS--until its Swiss and British delegates charge him with misuse of high office and a half-billion-dollar fraud, and the Basel prosecutor sends him to a fifteenth-century jail. Erdman's title gives the game away: someone really was speculating on interest and exchange rates using confidential BIS information. Black and his financially savvy wife encounter both venal and vicious adversaries as they strive to clear his name. Although most readers will never trade a Eurobond future, many seem to appreciate Erdman's fast-paced tales of the movers and shakers who do. Mary Carroll
From Kirkus Reviews
Still in fine form, old pro Erdman (Zero Coupon, 1993; the nonfiction Tug of War, 1996; etc.) produces another larky fiscal thriller in which the former head of the US Federal Reserve Board finds himself in trouble and on the run. Charles Black, the FRB's recently retired chairman, is jailed in Switzerland on charges of massive securities fraud. On the basis of seemingly irrefutable evidence, the Swiss authorities accuse him of using inside information to engineer a series of market killings that netted in excess of $400 million. But upright Charlie, it turns out, has been framed at the behest of an immensely wealthy Sardinian named Pietro di Cagliari. Using an attractive young woman as bait, the crafty islander has lured Herr Dr. Samuel Schweizer (the ostensibly incorruptible chairman of Switzerland's National Bank) into his high-flying orbit in aid of shady financial ends. In turn, an infatuated Sammy (who needs big bucks to keep his new mistress in the style to which she's accustomed) recruits Hans Zwiebach, a lawyer of easy virtue whose client list includes Charlie. Trading through the latter's dormant Swiss account on tips from Sammy, the duplicitous attorney amasses a considerable fortune that, although in Charlie's name, does nothing to enrich him. When a credible happenstance threatens an investigation, the three create a paper trail that leads to the hapless American. Concerned about loose ends, Pietro (with murder in mind) arranges for Charlie's escape from jail. Before the Sardinian's minions can do their dirty work, though, Charlie, with plucky wife Sally in tow, makes it to a remote Alaskan fishing village. Once in a comfortable lodge equipped with all the modern conveniences, the resourceful exWall Streeter not only fends off would-be assassins but also unravels the transnational plot against him. Capital entertainment for Erdman's many fans, who will not be at all surprised by the fierce loathing for all things Swiss that suffuses the always absorbing story. -- Copyright ©1997, Kirkus Associates, LP. All rights reserved.
Most helpful customer reviews
5 of 6 people found the following review helpful.
Paul Erdman's best to date
By lisatheratgirl
I love financial thrillers and have read most of Paul Erdman's fiction, but this is by far the best. Not only does he expertly take the reader through the world of derivatives investing and international banking, he paints a picture of Switzerland from Zurich's Bahnhofstrasse to the most remote parts of the Alps that makes you long to get on a plane and go there (and I have been there--it's worth it). The plot moves fast, from the point of view of every character; his knowledge of German, Swiss-German and Italian is impeccable, and the story culminates in an around-the-world chase that keeps you from putting the book down. I can't wait for his next one.
1 of 1 people found the following review helpful.
A page turner, difficult to put down.
By A Customer
I really wish Paul Erdman wrote more books. I have enjoyed everyone of his novels. No one of them is better than another, they are all good.
Erdman's novels are centered around investments economics and high finance adventure. To an economist they are especially exciting but I think for most readers they are each an excellent read and The Set-up is no exception. I highly recommend it.
0 of 0 people found the following review helpful.
"The Set Up" is pure Erdman!
By A Customer
I was a young GI in Germany in 1969 just learning to appreciate "the Trib." I remember one article that caught my eye: a young American banker working in Basel at the sub of a California bank was arrested for trying to corner the world cocoa market! He failed miserably, and in the process wiped out his employer's equity base. As if the young banker, named Paul Erdman, did not know enough about Switzerland already, he was to learn more, from many months inside a Swiss jail. I next noticed Erdman several years later. He had written a novel, "The Billion-Dollar Sure Thing." I read it and liked it, and later learned that he had begun his novelist's career in that Swiss jail. Erdman's subsequent novels have never disappointed. He is the master of the financial thriller, an unfortunately under-populated genre. "The Set Up," like all of Erdman's fiction, takes place largely in Switzerland. Charles Black, former Chairman of the U.S. Fed, is arrested at the Basel airport as he enters Switzerland. (Erdman reminds us, as he never fails to do, that Basel's airport straddles the Swiss/French border.) He finds himself in the maws of the Swiss power structure, comprised of a hundred or so rich and powerful Swiss men who are, in Erdman's eye, as amoral and as slimy as any in the world. No Swiss Heidi-types here. (Had Erdman been successful in cornering the cocoa market he would have been hailed, not jailed, by this group for furthering the cause of Swiss chocolate!) To divulge any more of the plot would be cheating. Suffice it to say, there is lots of (1)German- Swiss bashing,(2)Deus ex machina that stretches credibility, and (3)untranslated "Schwietzer dooch" and other languages. There is also a woman/mate of the male hero who is sharper than the hero himself. This theme is present in most Erdman novels. Erdman has produced eight novels in a quarter of a century, about one every three years. When I haven't seen one for a while, I start looking in book stores. This year I did something different: I searched for Erdman at amazon.com. Sure enough, he'd written a new book which I ordered immediately. The several days it took to arrive in the mail was an eternity as I anticipated reading a new Erdman. It arrived, and did not disappoint. Erdman remains at the top of his form!
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