Download or read book Wall Street Under Oath written by Ferdinand Pecora and published by . This book was released on 1973-01-01 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wall Street Under Oath written by Ferdinand Pecora and published by . This book was released on 1973 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wall Street Under Oath The Story of Our Modern Money Changers written by Ferdinand Pecora and published by Graymalkin Media. This book was released on 2014-10-10 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Money Changers written by John Grant Fuller and published by . This book was released on 1962 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Probes the operation of the stock market and factors leading to the debacle of May 1962.
Download or read book State and Society written by Coenraad M. Brand and published by Univ of California Press. This book was released on 1973 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph comprising comparisons and interdisciplinary research readings on the evolution of modern States and societys - covers the historical rise of Western European nationalism, colonialism and the role of Europe, centralization of government, political ideologies, the political aspects of modernization in developing countries, etc. Annotated bibliography pp. 641 to 648 and references.
Download or read book Investing in U S Financial History written by Mark J. Higgins and published by Greenleaf Book Group. This book was released on 2024-02-27 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors who ignore the past are lost in the present and blind to the future. Most people rely only on their life experience to make investment decisions. This causes them to overlook cyclical forces that repeatedly reshape economies and markets. Investing in U.S. Financial History fills this void by recounting the comprehensive financial history of the United States of America. It begins with Alexander Hamilton’s financial programs in 1790 and ends with the Federal Reserve’s battle with inflation in 2023. Authored by Mark Higgins, an experienced investment advisor and financial historian, this book will help you: • Understand key drivers of financial crises and the principles for managing them. • Recognize warning signs of speculative manias that lead to asset bubbles. • Understand why few investors outperform market indices and why index funds are preferable for most individuals and institutions. • Identify the major threats to U.S. economic prosperity in the twenty-first century. Investing in U.S. Financial History reveals that there is almost no financial event that is unprecedented. By understanding the fundamental drivers underpinning key economic events, you will internalize investment principles, avoid common pitfalls, and resist the temptation to panic amid market volatility.
Download or read book Wall Streeters written by Edward Morris and published by Columbia University Press. This book was released on 2015-10-13 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: “[A] retelling of the careers and the personalities . . . who formed today’s world of high finance.” —St. Louis Post-Dispatch The 2008 financial collapse, the expansion of corporate and private wealth, the influence of money in politics—many of Wall Street’s contemporary trends can be traced back to the work of fourteen critical figures who wrote, and occasionally broke, the rules of American finance. Edward Morris plots in absorbing detail Wall Street’s transformation from a clubby enclave of financiers to a symbol of vast economic power. His book begins with J. Pierpont Morgan, who ruled the American banking system at the turn of the twentieth century, and ends with Sandy Weill, whose collapsing Citigroup required the largest taxpayer bailout in history. In between, Wall Streeters relates the triumphs and missteps of twelve other financial visionaries. From Charles Merrill, who founded Merrill Lynch and introduced the small investor to the American stock market; to Michael Milken, the so-called junk bond king; to Jack Bogle, whose index funds redefined the mutual fund business; to Myron Scholes, who laid the groundwork for derivative securities; and to Benjamin Graham, who wrote the book on securities analysis. Anyone interested in the modern institution of American finance will devour this history of some of its most important players.
Download or read book The Hellhound of Wall Street written by Michael Perino and published by Penguin. This book was released on 2010-10-14 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book When Wall Street Met Main Street written by Julia C. Ott and published by Harvard University Press. This book was released on 2011-06-14 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that began in 2008 has made Americans keenly aware of the enormous impact Wall Street has on the economic well-being of the nation and its citizenry. How did financial markets and institutions-commonly perceived as marginal and elitist at the beginning of the twentieth century-come to be seen as the bedrock of American capitalism? How did stock investment-once considered disreputable and dangerous-first become a mass practice? Julia Ott tells the story of how, between the rise of giant industrial corporations and the Crash of 1929, the federal government, corporations, and financial institutions campaigned to universalize investment, with the goal of providing individual investors with a stake in the economy and the nation. As these distributors of stocks and bonds established a broad, national market for financial securities, they debated the distribution of economic power, the proper role of government, and the meaning of citizenship under modern capitalism. By 1929, the incidence of stock ownership had risen to engulf one quarter of American households in the looming financial disaster. Accordingly, the federal government assumed responsibility for protecting citizen-investors by regulating the financial securities markets. By recovering the forgotten history of this initial phase of mass investment and the issues surrounding it, Ott enriches and enlightens contemporary debates over economic reform.
Download or read book Blogothon written by Danny Schechter and published by Cosimo, Inc.. This book was released on 2012-05-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just a decade, blogging changed from a fad to a phenomenon with an estimated 51 million participants, mostly creative citizens with something to say or express. Citizens who want to participate in media rather than be subjected to it. Blogothon is a selection of blogs and essays posted by raconteur par excellence, gadfly of the media, and "News Dissector" Danny Schechter in an award-winning daily blog that he began writing in 2000. In Blogothon Schechter demonstrates the importance of blogging as an alternative media in an age when mainstream media has come under increasing scrutiny for a lack of credibility, real news and social value. This compilation of Schechter's blog posts describes the financial crisis developed during the first decade of the 21st century, the influence of activists such as Martin Luther King and Jesse Jackson on Occupy Wall Street, the ascent of Al Jazeera, the expulsion of Helen Thomas and Keith Olbermann from mainstream media, and increased partisanship and polarization in U.S. politics. Blogothon is a fascinating read for followers of Schechter's blog, anyone interested in an authentic account of historic events still unfolding, and aspiring bloggers. A graduate of Cornell University and the London School of Economics, DANNY SCHECHTER is a writer, television producer, and independent filmmaker who also speaks about media and financial issues. He is the editor of Mediachannel1.org, the global media issues site, and blogs daily as the News Dissector at NewsDissector.net. Schechter is the author of fourteen books and has produced and directed more than thirty documentaries and television specials. His blog was named the 2009 "Blog of the Year" by the Hunter College Media Department of the City University of New York.
Download or read book Wall Street written by Charles R. Geisst and published by Oxford University Press. This book was released on 1997-09-18 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the seven years since the publication of the first edition of Wall Street, America's financial industry has undergone a series of wrenching events that have dramatically changed the nation's economic landscape. The bull market of the 1990's came to a close, ushering in the end of the dot com boom, a record number of mergers occurred, and accounting scandals in companies like Enron and WorldCom shook the financial industry to its core. In this wide-ranging volume, financial historian Charles Geisst provides the first history of Wall Street, explaining how a small, concentrated pocket of lower Manhattan came to have such enormous influence in national and world affairs. In this updated edition, Geisst sums up the recent turbulence that has threatened America's financial industry. He shows how in 1997 thirty NASDAQ market makers paid a record $1.3 billion fine for price irregularities in stocks. He makes sense of the closing of the bull market, and explains a major change in the accounting rules for mergers that caused monumental losses for companies like AOL Time Warner. And he recounts how in the aftermath of the speculative fever that swept Wall Street in the 1990's, the scandals at Enron, Tyco, Worldcom, and Conseco represent a last gasp of mergermania and a fallout from a bubble-like market. Wall Street is at once the story of the street itself, from the days when the wall was merely a defensive barricade built by Peter Stuyvesant, to the modern billion-dollar computer-driven colossus of today. In a broader sense it is an engaging economic history of the United States, the role Wall Street played in making America the most powerful economy in the world, and the many challenges to that role it has faced in recent years.
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Publisher: In the wake of the most significant financial crisis since the Great Depression, the President signed into law on May 20, 2009, the Fraud Enforcement and Recovery Act of 2009, creating the Financial Crisis Inquiry Commission. The Commission was established to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." The 10 members of the bi-partisan Commission, prominent private citizens with significant experience in banking, market regulation, taxation, finance, economics, housing, and consumer protection, were appointed by Congress on July 15, 2009. The Chair, Phil Angelides, and Vice Chair, Bill Thomas, were selected jointly by the House and Senate Majority and Minority Leadership. The FCIC is charged with conducting a comprehensive examination of 22 specific and substantive areas of inquiry related to the financial crisis. These include: fraud and abuse in the financial sector, including fraud and abuse towards consumers in the mortgage sector; Federal and State financial regulators, including the extent to which they enforced, or failed to enforce statutory, regulatory, or supervisory requirements; the global imbalance of savings, international capital flows, and fiscal imbalances of various governments; monetary policy and the availability and terms of credit; accounting practices, including, mark-to-market and fair value rules, and treatment of off-balance sheet vehicles; tax treatment of financial products and investments; capital requirements and regulations on leverage and liquidity, including the capital structures of regulated and non-regulated financial entities; credit rating agencies in the financial system, including, reliance on credit ratings by financial institutions and Federal financial regulators, the use of credit ratings in financial regulation, and the use of credit ratings in the securitization markets; lending practices and securitization, including the originate-to-distribute model for extending credit and transferring risk; affiliations between insured depository institutions and securities, insurance, and other types of nonbanking companies; the concept that certain institutions are 'too-big-to-fail' and its impact on market expectations; corporate governance, including the impact of company conversions from partnerships to corporations; compensation structures; changes in compensation for employees of financial companies, as compared to compensation for others with similar skill sets in the labor market; the legal and regulatory structure of the United States housing market; derivatives and unregulated financial products and practices, including credit default swaps; short-selling; financial institution reliance on numerical models, including risk models and credit ratings; the legal and regulatory structure governing financial institutions, including the extent to which the structure creates the opportunity for financial institutions to engage in regulatory arbitrage; the legal and regulatory structure governing investor and mortgagor protection; financial institutions and government-sponsored enterprises; and the quality of due diligence undertaken by financial institutions. The Commission is called upon to examine the causes of major financial institutions which failed, or were likely to have failed, had they not received exceptional government assistance. In its work, the Commission is authorized to hold hearings; issue subpoenas either for witness testimony or documents; and refer to the Attorney General or the appropriate state Attorney General any person who may have violated U.S. law in relation to the financial crisis.
Download or read book The New York Stock Exchange written by Lucy Heckman and published by Routledge. This book was released on 2020-11-25 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1992, The New York Stock Exchange is an informative library resource. The book begins with a history of the stock exchange, and offers a series of annotated bibliographies devoted to dictionaries and general guides, directories, bibliographies, general histories, and statistical sources. The book provides important coverage of the stock market crashes of 1929 and 1987 and the appendices offer a useful collection of data, including a directory of serial publications, listings of abstracts and indexes, online databases, and CD-ROM products. This book will be of interest to libraries and to researchers working in the field of economics and business.
Download or read book Six Days in October written by Karen Blumenthal and published by Simon and Schuster. This book was released on 2002-09 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Download or read book The Squandering of America written by Robert Kuttner and published by Vintage. This book was released on 2008-11-11 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: A passionate, articulate argument detailing how the United States political system has failed to adapt to the economic challenges of the late 20th and early 21st centuries. The American economy is in peril. It has fallen hostage to a casino of financial speculation, creating instability as well as inequality. Tens of millions of workers are vulnerable to layoffs and outsourcing, health care and retirement burdens are increasingly being shifted from employers to individuals. Here Kuttner debunks alarmist claims about supposed economic hazards and exposes the genuine dangers: hedge funds and private equity run amok, sub-prime lenders, Wall Street middlemen, and America's dependence on foreign central banks. He then outlines a persuasive, bold alternative, a new model of managed capitalism that can deliver security and opportunity, and rekindle democracy as we know it.
Download or read book Goliath written by Matt Stoller and published by Simon & Schuster. This book was released on 2020-10-06 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Every thinking American must read” (The Washington Book Review) this startling and “insightful” (The New York Times) look at how concentrated financial power and consumerism has transformed American politics, and business. Going back to our country’s founding, Americans once had a coherent and clear understanding of political tyranny, one crafted by Thomas Jefferson and updated for the industrial age by Louis Brandeis. A concentration of power—whether by government or banks—was understood as autocratic and dangerous to individual liberty and democracy. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. “An engaging call to arms,” (Kirkus Reviews) Stoller illustrates here in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.
Download or read book Wall Street and FDR written by Antony C. Sutton and published by CLAIRVIEW BOOKS. This book was released on 2013-10-15 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Franklin Delano Roosevelt is frequently described as one of the greatest presidents in American history. He is also remembered for his leadership during the Great Depression and World War II. Antony Sutton challenges this received wisdom, presenting a controversial but convincing analysis. Based on an extensive study of original documents, Sutton concludes that FDR was an elitist who influenced public policy to benefit special interests, including his own; that FDR and his Wall Street colleagues were "corporate socialists" who believed in making society work for their own benefit; and that FDR believed in business but not in free-market economics. This much more than a fascinating historical and political study. Many contemporary parallels can be drawn to Sutton's powerful presentation given the recent banking crises and worldwide governments bolstering of private institutions via the public purse.
