Author: Ferdinand PecoraPublisher:
ISBN: 9780678003725
Category : Stock exchanges
Languages : en
Pages : 311
Book Description
Wall Street Under Oath
Author: Ferdinand PecoraPublisher:
ISBN: 9780678003725
Category : Stock exchanges
Languages : en
Pages : 311
Book Description
Wall Street Under Oath
Author: Ferdinand PecoraPublisher:
ISBN:
Category : Securities industry
Languages : en
Pages : 313
Book Description
Wall Street Under Oath: The Story of Our Modern Money Changers
Author: Ferdinand PecoraPublisher: Graymalkin Media
ISBN: 1631680064
Category : History
Languages : en
Pages : 165
Book Description
Ferdinand Pecora investigated with ruthlessly abandon the nation’s most influential bankers and stockbrokers to determine what caused the Wall Street Crash of 1929, which in turn led to the Great Depression. Pecora, as Chief Counsel of Senate launched investigation, shined a vivid light on the shocking practices, deception, and lack of ethics that permeated Wall Street from the bottom to the highest echelons of power. Wall Street’s major players thought they were untouchable masters of their domain, but in the hot seat of the witness chair, eye-to-eye with Pecora, they were no match and fell like dominoes. The mighty J. P. Morgan was forced to admit he and many of his partners hadn’t paid any income taxes in the previous two years and his reputation was tarnished. Pecora’s expose of the practices of National City Bank (now Citibank) made banner headlines and caused the bank’s president to resign. Pecora Wall Street Under Oath in easy to understand language because he was afraid the public might get forgetful. And he was right. Federal Reserve Chairman Ben Bernanke said the 2008 “Great Recession” was actually worse than the Great Depression. Clearly, we need to stay vigilant with a refresher course from Ferdinand Pecora. First published in 1939, this classic book is as relevant today as it was then – because on Wall Street, greed is always in style.
Wall Street Under Oath : the Story Ofour Modern Money Changers
Author: F. PecoraThe Hellhound of Wall Street
Author: Michael PerinoPublisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 357
Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.
Confidence Men
Author: Ron SuskindPublisher: Harper Collins
ISBN: 0062225324
Category : History
Languages : en
Pages : 809
Book Description
“Savvy and informative. . . . The most ambitious treatment of this period yet. . . . Suskind’s book often reads like Halberstam’s The Best and the Brightest. But the quagmire isn’t a neo-Vietnam like Afghanistan—it’s the economy.” — Frank Rich, New York “A searing new book. . . . Suskind has a flair for taking material he’s harvested to create narratives with a novelistic sense of drama.” — Michiko Kakutani, The New York Times “No book about the Obama presidency appears to have unnerved the White House quite so much as Confidence Men by Ron Suskind, a Pulitzer Prize-winning journalist who has developed a niche in the specialized art of parting the curtain on presidential dealings.” — The Chicago Tribune “A truly groundbreaking inside account. . . . Penetrating in its analysis of why the administration’s approach to the country’s economic ills has been so lackluster. . . . An important addition to the growing library of books about this president.” — Joe Nocera, The New York Times Book Review “The book of the week, maybe the book of the month, is Ron Suskind’s Confidence Men. . . . A detailed narrative of the Administration’s response-sometimes frantic, sometimes sluggish, sometimes both-to the financial and economic catastrophe it inherited, as experienced from the inside.” — Hendrik Hertzberg, The New Yorker “The work that went into Confidence Men cannot be denied. Suskind conducted hundreds of interviews. He spoke to almost every member of the Obama administration, including the President. He quotes memos no one else has published. He gives you scenes that no one else has managed to capture.” — Ezra Klein, The New York Review of Books “Suskind’s account of the Obama administration is a marker of our times. It reveals a President unable to perform responsibly the duties of his high office. . . . Suskind’s contribution to this tale of woe is to give us a fine grained picture of Obama’s passive place in deliberations.” — Huffington PostThe Huffington Post “My Book of the Year. A narrative tour de force. . . . Journalism like this is all too rare in an ange in which reporters trade their critical faculties for access. And it’s even rarer that skeptical reporting is turned into something lasting.” — David Granger, Esquire “This inside account of the Obama economic team contains enough damning on-the-record quotes to give it the ring of truth despite White House efforts to discredit the narrative of infighting and missed opportunities. Read it and weep. It reminds me of the post-Iraq invasion books that documented a similar failure to rise to the enormity of the problem, whether the insurgency was in Iraq or on Wall Street.” — Eleanor Clift, Newsweek
Models.Behaving.Badly.
Author: Emanuel DermanPublisher: Simon and Schuster
ISBN: 1439165017
Category : Business & Economics
Languages : en
Pages : 242
Book Description
Now in paperback, “a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions” (Gillian Tett, author of Fool’s Gold). Quants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. But in this penetrating insider’s look at the recent economic collapse, Emanuel Derman—former head quant at Goldman Sachs—explains the collision between mathematical modeling and economics and what makes financial models so dangerous. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality—but in finance, models can shoot only for a very limited approximation of reality. Derman uses his firsthand experience in financial theory and practice to explain the complicated tangles that have paralyzed the economy. Models.Behaving.Badly. exposes Wall Street’s love affair with models, and shows us why nobody will ever be able to write a model that can encapsulate human behavior.
Medicare Meltdown
Author: Rosemary GibsonPublisher: Rowman & Littlefield Publishers
ISBN: 1442219807
Category : Medical
Languages : en
Pages : 225
Book Description
Medicare affects everyone. If you are a boomer, you are counting on Medicare to protect you from the cost of health care when you retire. If you have turned 65, you already depend on Medicare. If you are a Gen-X or Gen-Y, you are contributing to Medicare from your paycheck. Will Medicare continue to exist as we have known it? Will it be there when you need it? How much will it cost? As the future of Medicare is debated in Washington, Rosemary Gibson and Janardan Prasad Singh shine a light on a rarely-seen side of this storied program: the business of Medicare. Medicare is known as an entitlement for the nation’s seniors. It is also the largest entitlement-based program for any business sector in the US economy. Its beneficiaries include hospitals, doctors, drug companies, device manufacturers, Wall Street investment banks, private equity firms, hedge funds, and others that rely on the $600 billion that Medicare spends a year. The ties that bind Wall Street and Washington in the healthcare industry are strong, and they will play an outsized role in determining Medicare’s future. Gibson and Singh reveal how the industry’s interests are often at odds with those of seniors and boomers. While some politicians point to the culture of dependence of the public on Medicare, the authors suggest that policymakers turn their attention to the culture of dependence of the healthcare industry on Medicare, which is the predominant force pushing the program toward a fiscal cliff. The amount of waste in the Medicare program is equivalent to the entire economy of New Zealand. For Medicare to be sustained, this culture of dependence -- and the habits it breeds, namely waste, excessive pricing, and overuse of unnecessary services -- should be the first priority for the chopping block. By parings back the excess, the authors argue, Medicare can be sustained for future generations. This is essential reading for anyone interested in how Medicare works, how it could work better, and where it will go if reforms are not made.
A Sacred Oath
Author: Mark T. EsperPublisher: HarperCollins
ISBN: 0063144344
Category : Biography & Autobiography
Languages : en
Pages : 752
Book Description
INSTANT NEW YORK TIMES BESTSELLER Former Secretary of Defense Mark T. Esper reveals the shocking details of his tumultuous tenure while serving in the Trump administration. From June of 2019 until his firing by President Trump after the November 2020 election, Secretary Mark T. Esper led the Department of Defense through an unprecedented time in history—a period marked by growing threats and conflict abroad, a global pandemic unseen in a century, the greatest domestic unrest in two generations, and a White House seemingly bent on breaking accepted norms and conventions for political advantage. A Sacred Oath is Secretary Esper’s unvarnished and candid memoir of those extraordinary and dangerous times, and includes events and moments never before told.
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse
Author: Publisher: DIANE Publishing
ISBN: 1437984673
Category :
Languages : en
Pages : 646
Book Description