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On October 4, 1957, a time of Cold War paranoia, the Soviet Union secretly launched the Earth's first artificial moon. No bigger than a basketball, the tiny satellite was powered by a car battery. Yet, for all its simplicity, Sputnik stunned the world.

Having awakened from its communist slumber, Russia in the roaring '90s is a place where everything and everyone is for sale and fortunes can be made and lost overnight. Into this maelstrom steps rookie "Wall Street Journal" reporter Matthew Brzezinski. Assigned to make sense of the financial markets, he is instantly plunged into the crazed world of Russian capitalism, where corrupt Moscow bankers and American carpetbaggers preside over the greatest boom and bust in international financial history. Brzezinski knows he's in over his head; what he comes to realize is that "so is the entire country".