Why Wall Street Matters

Author: William D. Cohan

Publisher: N.A

ISBN: 0399590692

Category: Business & Economics

Page: 192

View: 9173

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"Anti-bank sentiment has reached a boiling point in America. What started with Occupy Wall Street and Bill Maher satirically calling for the death of Wall Street bankers has culminated with Bernie Sanders pushing the dissolution of the big banks into the official 2016 Democratic platform. But in Cohan's estimation, that sentiment is not only woefully ill-informed, but dangerously naive. Starting with what Wall Street literally is and what it actually does, Cohan swiftly debunks all of the misinformed arguments against it while acknowledging the problems that fuel those feelings. We can be mad at the greed and excess, but at the end of the day, Wall Street is the capital in capitalism, and when its working right, is the invisible engine that powers the ideas we have and the lives we love"--

Why Wall Street Matters

Author: William D. Cohan

Publisher: Random House

ISBN: 0399590706

Category: Business & Economics

Page: 192

View: 6257

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A timely, counterintuitive defense of Wall Street and the big banks as the invisible—albeit flawed—engines that power our ideas, and should be made to work better for all of us Maybe you think the banks should be broken up and the bankers should be held accountable for the financial crisis in 2008. Maybe you hate the greed of Wall Street but know that it’s important to the proper functioning of the world economy. Maybe you don’t really understand Wall Street, and phrases such as “credit default swap” make your eyes glaze over. Maybe you are utterly confused by the fact that after attacking Wall Street mercilessly during his campaign, Donald Trump has surrounded himself with Wall Street veterans. But if you like your smart phone or your widescreen TV, your car or your morning bacon, your pension or your 401(k), then—whether you know it or not—you are a fan of Wall Street. William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He’s one of America’s most respected financial journalists and the progressive bestselling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent seventeen years as an investment banker on Wall Street, he is an expert on its inner workings as well. But in recent years he’s become alarmed by the cheap shots and ceaseless vitriol directed at Wall Street’s bankers, traders, and executives—the people whose job it is to provide capital to those who need it, the grease that keeps our economy humming. In this brisk, no-nonsense narrative, Cohan reminds us of the good these institutions do—and the dire consequences for us all if the essential role they play in making our lives better is carelessly curtailed. Praise for William D. Cohan “Cohan writes with an insider’s knowledge of the workings of Wall Street, a reporter’s investigative instincts and a natural storyteller’s narrative command.”—The New York Times “[Cohan is] one of our most able financial journalists.”—Los Angeles Times “A former Wall Street man and a talented writer, [Cohan] has the rare gift not only of understanding the fiendishly complicated goings-on, but also of being able to explain them in terms the lay reader can grasp.”—The Observer (London)

Why Wall Street Matters

Author: William D. Cohan

Publisher: Penguin UK

ISBN: 0241309638

Category: Business & Economics

Page: 192

View: 591

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If you like your smartphone or your widescreen TV, your car or your pension, then, whether you know it or not, you are a fan of Wall Street. William D. Cohan, bestselling author of House of Cards, has long been critical of the bad behaviour that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and, as an ex-banker, he is an expert on its inner workings as well. But in recent years he has become alarmed by the vitriol directed at the bankers, traders and executives who keep the wheels of our economy turning. Why Wall Street Matters is a timely and trenchant reminder of the actual good these institutions do and the dire consequences for us all if the essential role they play in making our lives better is carelessly curtailed.

House of Cards

A Tale of Hubris and Wretched Excess on Wall Street

Author: William D. Cohan

Publisher: Anchor

ISBN: 0767930894

Category: Business & Economics

Page: 592

View: 3409

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Chronicles the fall of Bear Stearns, portraying the players and factors that ultimately led to the collapse of the global financial markets.

The Last Tycoons

The Secret History of Lazard Frères & Co.

Author: William D. Cohan

Publisher: Penguin UK

ISBN: 0141036893

Category: Business & Economics

Page: 752

View: 5299

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Cohan explores the mysterious and secretive world of Lazard Freres & Co., one of the country's most storied investment firms, and presents a compelling portrait of Wall Street through the tumultuous history of this exalted and fascinating company.

Why I Left Goldman Sachs

A Wall Street Story

Author: Greg Smith

Publisher: N.A

ISBN: 9781455553044

Category: BIOGRAPHY & AUTOBIOGRAPHY

Page: 172

View: 2701

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Reveals the unsettling changes that prompted the author to resign from the once-esteemed investment bank, as he discusses his growing disenchantment with the company's corporate culture and its exploitation of its clients.

The Chickenshit Club

Why the Justice Department Fails to Prosecute Executives

Author: Jesse Eisinger

Publisher: Simon and Schuster

ISBN: 1501121367

Category: Business & Economics

Page: 400

View: 3311

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"Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed Too Big to Fail to almost every large corporation in America--to pharmaceutical companies and auto manufacturers and beyond. [This book]--an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs--explains why"--Amazon.com.

Exile on Wall Street

One Analyst's Fight to Save the Big Banks from Themselves

Author: Mike Mayo

Publisher: John Wiley & Sons

ISBN: 1118115465

Category: Business & Economics

Page: 202

View: 759

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Based upon his professional experience as a banking analyst, the author presents his insights and perspective on the U.S. banking industry throughout the recent global financial crisis.

The Price of Silence

The Duke Lacrosse Scandal, the Power of the Elite, and the Corruption of Our Great Universities

Author: William D. Cohan

Publisher: Simon and Schuster

ISBN: 145168181X

Category: Sports & Recreation

Page: 672

View: 3120

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A Duke alumnus whose work has been hailed as “authoritative” (The Washington Post), “seductively engrossing” (Chicago Tribune), “riveting” (The Economist), and “masterful” (Los Angeles Times), presents a stunning new account of the infamous Duke lacrosse team case. Despite it being front-page nationwide news, the true story of the Duke lacrosse team rape case has never been told in its entirety. It is more complex and profound than all the reporting to date would indicate. The Price of Silence is the definitive account of what happens when the most combustive forces in American culture—unbridled ambition, intellectual elitism, athletic prowess, sexual and racial bias, and absolute prosecutorial authority—collide and then explode on a powerful university campus, in the justice system, and in the media. Deeply reported and brilliantly written, The Price of Silence shines a bright light on the ever-widening gap between America’s rich and poor, and how the powerful protect themselves, even at the price of justice.

Rainmaker

The Saga of Jeff Beck, Wall Street's Mad Dog

Author: Anthony Bianco

Publisher: Random House (NY)

ISBN: N.A

Category: Biography & Autobiography

Page: 486

View: 9787

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Traces the rise and fall of Jeff Beck, the Wall Street legend and junk-bond dealmaker who used his connections with Drexel Burnham Lambert to make millions until his high-flying firm collapsed

Why Baseball Matters

Author: Susan Jacoby

Publisher: Yale University Press

ISBN: 0300235402

Category: Sports & Recreation

Page: 192

View: 9746

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Baseball, first dubbed the “national pastime” in print in 1856, is the country’s most tradition-bound sport. Despite remaining popular and profitable into the twenty-first century, the game is losing young fans, among African Americans and women as well as white men. Furthermore, baseball’s greatest charm—a clockless suspension of time—is also its greatest liability in a culture of digital distraction. These paradoxes are explored by the historian and passionate baseball fan Susan Jacoby in a book that is both a love letter to the game and a tough-minded analysis of the current challenges to its special position—in reality and myth—in American culture. The concise but wide-ranging analysis moves from the Civil War—when many soldiers played ball in northern and southern prisoner-of-war camps—to interviews with top baseball officials and young men who prefer playing online “fantasy baseball” to attending real games. Revisiting her youthful days of watching televised baseball in her grandfather’s bar, the author links her love of the game with the informal education she received in everything from baseball’s history of racial segregation to pitch location. Jacoby argues forcefully that the major challenge to baseball today is a shortened attention span at odds with a long game in which great hitters fail two out of three times. Without sanitizing this basic problem, Why Baseball Matters remind us that the game has retained its grip on our hearts precisely because it has repeatedly demonstrated the ability to reinvent itself in times of immense social change.

Flash Boys: A Wall Street Revolt

Author: Michael Lewis

Publisher: W. W. Norton & Company

ISBN: 0393244660

Category: Business & Economics

Page: 274

View: 5677

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Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets.

The WSJ Guide to the 50 Economic Indicators That Really Matter

From Big Macs to "Zombie Banks," the Indicators Smart Investors Watch to Beat the Market

Author: Simon Constable,Robert E. Wright

Publisher: Harper Collins

ISBN: 0062091751

Category: Business & Economics

Page: 304

View: 9236

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The Wall Street Journal Guide to the 50 Economic Indicators that Really Matter is a must-have guide for investors. Dow Jones columnist Simon Constable and respected financial historian Robert E. Wright offer valuable tips and insight to help investors forecast and exploit sea changes in the global macroeconomic climate. Unlike other investment handbooks, Constable and Wright’s guide explores the not widely known economic indicators that the smartest investors watch closely in order to beat the stock market—from “Big Macs” to “Zombie Banks.” Not only valuable and informative, The Wall Street Journal Guide to the 50 Economic Indicators that Really Matter is also wonderfully irreverent and endlessly entertaining, making it the most fun to read investors’ guide on the market.

Money and Power

How Goldman Sachs Came to Rule the World

Author: William D. Cohan

Publisher: Penguin UK

ISBN: 0241954061

Category: Global Financial Crisis, 2008-2009

Page: 658

View: 507

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'If they could screw you over, they totally would . . . ' Goldman Sachs are the investment bank all other banks - and most businesses -want to emulate; the firm with the best talent, the best clients, the best strategy. But is their success just down to the gilded magic of the 'Goldman way'? William D. Cohan has gained unprecedented access to Goldman's inner circle - both on and off the record. In an astonishing story of clashing egos, backstabbing, sex scandals, private investigators, court cases and government cabals, he reveals what really lies beneath their gold-plated image. 'Startling . . . lifts the lid on Goldman's pivotal role in the meltdown' Mail on Sunday 'Cohan's book tells of bitter power struggles and business cock-ups' Guardian 'Cohan portrays a firm that has grown so large and hungry that it's no longer long-term greedy but short-term vicious. And that's the wonder - and horror - of Goldman Sachs' Businessweek 'The best analysis yet of Goldman's increasingly tangled web of conflicts' Economist 'A definitive account of the most profitable and influential investment bank of the modern era' The New York Times Book Review

Author: N.A

Publisher: N.A

ISBN: 150114331X

Category:

Page: N.A

View: 2925

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13 Bankers

The Wall Street Takeover and the Next Financial Meltdown

Author: Simon Johnson,James Kwak

Publisher: Vintage

ISBN: 030747660X

Category: Business & Economics

Page: 316

View: 928

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Provides historical context for the 2008 financial crisis and proposes a radical solution, the megabanks deemed "too big to fail" must be made smaller.--

Why Honor Matters

Author: Tamler Sommers

Publisher: Basic Books

ISBN: 0465098886

Category: Philosophy

Page: 272

View: 8931

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A controversial call to put honor at the center of morality To the modern mind, the idea of honor is outdated, sexist, and barbaric. It evokes Hamilton and Burr and pistols at dawn, not visions of a well-organized society. But for philosopher Tamler Sommers, a sense of honor is essential to living moral lives. In Why Honor Matters, Sommers argues that our collective rejection of honor has come at great cost. Reliant only on Enlightenment liberalism, the United States has become the home of the cowardly, the shameless, the selfish, and the alienated. Properly channeled, honor encourages virtues like courage, integrity, and solidarity, and gives a sense of living for something larger than oneself. Sommers shows how honor can help us address some of society's most challenging problems, including education, policing, and mass incarceration. Counterintuitive and provocative, Why Honor Matters makes a convincing case for honor as a cornerstone of our modern society.

Why Dinosaurs Matter

Author: Kenneth Lacovara

Publisher: Simon and Schuster

ISBN: 1501120107

Category: Nature

Page: 192

View: 8170

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What can long-dead dinosaurs teach us about our future? Plenty, according to paleontologist Kenneth Lacovara, who has discovered some of the largest creatures to ever walk the Earth. By tapping into the ubiquitous wonder that dinosaurs inspire, Lacovara weaves together the stories of our geological awakening, of humanity’s epic struggle to understand the nature of deep time, the meaning of fossils, and our own place on the vast and bountiful tree of life. Go on a journey––back to when dinosaurs ruled the Earth––to discover how dinosaurs achieved feats unparalleled by any other group of animals. Learn the secrets of how paleontologists find fossils, and explore quirky, but profound questions, such as: Is a penguin a dinosaur? And, how are the tiny arms of T. rex the key to its power and ferocity? In this revealing book, Lacovara offers the latest ideas about the shocking and calamitous death of the dinosaurs and ties their vulnerabilities to our own. Why Dinosaurs Matter is compelling and engaging—a great reminder that our place on this planet is both precarious and potentially fleeting. “As we move into an uncertain environmental future, it has never been more important to understand the past.”

A First-Class Catastrophe

The Road to Black Monday, the Worst Day in Wall Street History

Author: Diana B. Henriques

Publisher: Henry Holt

ISBN: 1627791647

Category: Business & Economics

Page: 416

View: 737

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"The definitive account of the crash of 1987, a cautionary tale of how the U.S. financial system nearly collapsed ... Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent--almost twice as bad as the worst day of 1929--equal to a loss of nearly 5,000 points today. But Black Monday was more than just a one-day market crash; it was seven years in the making and threatened the entire U.S. financial system. Drawing on superlative archival research and dozens of original interviews, the award-winning financial journalist Diana B. Henriques weaves a tale of ignored warnings, market delusions, and destructive decisions, a drama that stretches from New York and Washington to Chicago and California. Among the central characters are pension fund managers, bank presidents, government regulators, exchange executives, and a pair of university professors whose bright idea for reducing risk backfires with devastating consequences. As the story hurtles toward a terrible reckoning, the players struggle to avoid a national panic, and unexpected heroes step in to avert total disaster. For thirty years, investors, bankers, and regulators have failed to heed the lessons of Black Monday. But with uncanny precision, all the key fault lines of the devastating crisis of 2008--breakneck automation, poorly understood financial products fueled by vast amounts of borrowed money, fragmented regulation, gigantic herdlike investors--were first exposed as hazards in 1987. A First-Class Catastrophe offers a new way of looking not only at the past but at our financial future as well."--Jacket.

The Payoff

Why Wall Street Always Wins

Author: Jeff Connaughton

Publisher: Easton Studio Press, LLC

ISBN: 1935212974

Category: Political Science

Page: 224

View: 3596

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Lobbyist, White House Lawyer, and Senate Aide on the Power of America’s Plutocracy to Avoid Prosecution and Subvert Financial Reform Beginning in January 2009, THE PAYOFF lays bare Washington’s culture of power and plutocracy. It’s the story of the twenty-month struggle by Senator Ted Kaufman and Jeff Connaughton, his chief of staff, to hold Wall Street executives accountable for securities fraud, to stop stock manipulation by high-frequency traders, and to break up too-big-to-fail megabanks. This book takes us inside their dogged crusade against institutional inertia and industry influence as they encounter an outright reluctance by the Obama administration, the Justice Department, and the Securities and Exchange Commission to treat Wall Street crimes with the gravity they deserve. On financial reforms, Connaughton criticizes Democrats for relying on the very Wall Street technocrats who had failed to prevent the crisis and Republicans for staunchly opposing real reforms primarily to enjoy a golden opportunity to siphon fundraising dollars from the Wall Street executives who had raised millions to elect Barack Obama president. Connaughton, a former lawyer in the Clinton White House, illuminates the pivotal moments and key decisions in the fight for financial reform that have gone largely unreported. His arch, nonpartisan account chronicles the reasons why Wall Street’s worst offenses were left unpunished, and why it’s likely that the 2008 debacle will happen again.