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Economy
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Title: Other People's Money: The Corporate Mugging of America
Source: amazon.com
URL Source: http://www.amazon.com/Other-Peoples ... g/dp/1595580638/ref=pd_sim_b_3
Published: Jan 29, 2011
Author: Nomi Prins
Post Date: 2011-01-29 16:02:30 by Godwinson
Keywords: None
Views: 293

Other People's Money: The Corporate Mugging of America [Paperback] Nomi Prins

A giddy romp through the old-boy networks and unending power plays of Wall Street, Corporate America, and Capitol Hill. -- Barron's

A great crime story in which the culprits get away with larceny on an epic scale. -- William Greider

Exceedingly well-documented [and] fascinating. -- Library Journal

The most revealing description yet of what it is like to work for the mighty Goldman Sachs. -- The Economist

Product Description

In a widely acclaimed exposé, a former Wall Street insider reveals how business executives and politicians schemed their way to the bank.

Critical, independent voices are seldom found within the citadels of international finance. That's what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public.

In this acclaimed exposé, named one of the best books of 2004 by The Economist, Barron's, Library Journal, and The Progressive, Prins provides fascinating firsthand details of day-to-day life in the financial leviathans, with all its rich absurdities. She demonstrates how the much-publicized fraud of recent years resulted from deregulation that trashed the rules of responsible corporate behavior, and not simply the unbridled greed of a select few. While the stock market roared on the back of phony balance sheets, executives made out like bandits and Congress looked the other way. Worse yet, as the new foreword to this edition makes clear, everything remains in place for a repeat performance.

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