The Seven Sins of Wall Street

The Seven Sins of Wall Street

Big Banks, Their Washington Lackeys, and the Next Financial Crisis

Unknown - 2014
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We all know that the financial crisis of 2008 came dangerously close to pushing the United States and the world into a depression rivaling that of the 1930s. But what is astonishing?and should make us not just afraid but very afraid?are the shenanigans of the biggest banks since the crisis. Bob Ivry passionately, eloquently, and convincingly details the operatic ineptitude of America's best-compensated executives and the ways the government kowtows to what it mistakenly imagines is their competence and success. Ivry shows that the only thing that has changed since the meltdown is how too-
Publisher: New York, New York : Public Affairs, 2014.
Edition: First edition.
Copyright Date: ©2014
Characteristics: 1 online resource (303 pages)


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Sep 12, 2014

It's tough to rate a book like this. The author is not dishonest, he does appear to try, but unless you are truly abjectly ignorant about the present, you really are not going to be any wiser after reading this book. A thousand times better to read Paul Craig Roberts, who can explain financial fraud, and Nomi Prins, who understands the overal financial weapons design, and Matt Taibbi, who does some real investigative reporting [not sure this guy has ever really done such? ?]. Really want to understand derivatives? Read Michael Durbin's All About Derivatives. For gosh sakes, Ivry doesn't even correctly explain the credit default swap!

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