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A review by kimbofo
Moral Hazard: A Novel by Kate Jennings
5.0
What a beautiful little gem of a book this one turned out to be!
Kate Jennings’ Moral Hazard is set in Wall Street during the 1990s and tells the story of an outsider — Cath, an Australian “bedrock feminist, unreconstructed left-winger” — who works at an investment bank by day and looks after her ill husband by night.
Previously a freelance writer, she’s sold her soul to make big bucks as a speechwriter for the mid-level bank known as Niedecker Benecke. She needs the money to look after her husband Bailey, 25 years her senior, who is in the advanced stages of Alzheimer’s.
She knows nothing about finance but she can craft a sentence, although she finds the sexist world — and the politics — of the investment bankers and the communications department a challenge. Her only “friend” in the firm is Mike, a fellow cigarette smoker, with whom she spends her breaks, sitting outside in the plaza sharing confidences.
The story, which spans roughly six years, from Bailey’s diagnosis to his death, is told in forthright prose undercut with dark humour.
It reads like an insider’s guide to investment banking — its risk-taking, its greed, its unwritten rules, protocols and unfettered belief in the market — based on the author’s own experience working for Merrill Lynch. But it’s also an honest look at the challenges facing those who must look after loved ones with chronic illnesses while juggling their own lives and careers.
It’s not hard to see the parallels between both worlds.
To read the rest of my review, please visit my blog.
Kate Jennings’ Moral Hazard is set in Wall Street during the 1990s and tells the story of an outsider — Cath, an Australian “bedrock feminist, unreconstructed left-winger” — who works at an investment bank by day and looks after her ill husband by night.
Previously a freelance writer, she’s sold her soul to make big bucks as a speechwriter for the mid-level bank known as Niedecker Benecke. She needs the money to look after her husband Bailey, 25 years her senior, who is in the advanced stages of Alzheimer’s.
She knows nothing about finance but she can craft a sentence, although she finds the sexist world — and the politics — of the investment bankers and the communications department a challenge. Her only “friend” in the firm is Mike, a fellow cigarette smoker, with whom she spends her breaks, sitting outside in the plaza sharing confidences.
The story, which spans roughly six years, from Bailey’s diagnosis to his death, is told in forthright prose undercut with dark humour.
It reads like an insider’s guide to investment banking — its risk-taking, its greed, its unwritten rules, protocols and unfettered belief in the market — based on the author’s own experience working for Merrill Lynch. But it’s also an honest look at the challenges facing those who must look after loved ones with chronic illnesses while juggling their own lives and careers.
It’s not hard to see the parallels between both worlds.
To read the rest of my review, please visit my blog.