Download or read book Open Secret written by Erin Arvedlund and published by Penguin. This book was released on 2014-09-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Gaming the LIBOR—that is, fixing the price of money—had become just that: a game. Playing it was the price of admission to a club of men who socialized together, skied in Europe courtesy of brokers and expense accounts, and reaped million-dollar bonuses.” In the midst of the financial crisis of 2008, rumors swirled that a sinister scandal was brewing deep in the heart of London. Some suspected that behind closed doors, a group of chummy young bankers had been cheating the system through interest rate machinations. But with most eyes focused on the crisis rippling through Wall Street and the rest of the world, the story remained an “open secret” among competitors. Soon enough, the scandal became public and dozens of bankers and their bosses were caught red-handed. Several major banks and hedge funds were manipulating and misreporting their daily submission of the London Interbank Offered Rate, better known as the LIBOR. As the main interest rate that pulses through the banking community, the LIBOR was supposed to represent the average rate banks charge each other for loans, effectively setting short-term interest rates around the world for trillions of dollars in financial contracts. But the LIBOR wasn’t an average; it was a combination of guesswork and outright lies told by scheming bankers who didn’t want to signal to the rest of the market that they were in trouble. The manipulation of the “world’s most important number” was even greater than many realized. The bankers kept things looking good for themselves and their pals while the financial crisis raged on. Now Erin Arvedlund, the bestselling author of Too Good to Be True, reveals how this global network created and perpetuated a multiyear scam against the financial system. She uncovers how the corrupt practice of altering the key interest rate occurred through an unregulated and informal honor system, in which young masters of the universe played fast and loose, while their more seasoned bosses looked the other way (and would later escape much of the blame). It was a classic private understanding among a small group of competitors—you scratch my back today, I’ll scratch yours tomorrow. Arvedlund takes us behind the scenes of elite firms like Barclays Capital, UBS, Rabobank, and Citigroup, and shows how they hurt ordinary investors—from students taking out loans to homeowners paying mortgages to cities like Philadelphia and Oakland. The cost to the victims: as much as $1 trillion. She also examines the laxity of prominent regulators and central bankers, and exposes the role of key figures such as: Tom Hayes: A senior trader for the Swiss financial giant UBS who worked with traders across eight other banks to influence the yen LIBOR. Bob Diamond: The shrewd multimillionaire American CEO of Barclays Capital, the British bank whose traders have been implicated in the manipulation of the LIBOR. Mervyn King: The governor of the Bank of England, who ignored U.S. Treasury secretary Tim Geithner’s repeated recommendations to establish stricter regulations over the interest rate. Arvedlund pulls back the curtain on one of the great financial scandals of our time, uncovering how millions of ordinary investors around the globe were swindled by the corruption and greed of a few men.

Download or read book In Bed with Wall Street written by Larry Doyle and published by Macmillan. This book was released on 2014-01-07 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wall Street meltdown in 2008 brought the country to its knees and spawned nationwide protests against the lack of regulation and oversight in the financial industry. But the average American still fails to fully grasp what was--and still is--happening: that the inmates run the asylum. Larry Doyle exposes how financial executives, politicians, and even the regulators charged with overseeing the banks have conspired for personal gains while deceiving largely unprotected investors, consumers, and American taxpayers. He details the shocking corruption of the SEC, FINRA, and other "financial police, " painting them as meter maids who assess nominal fines and look the other way at even the most egregious abuses. Most importantly, he unveils the revolving door of Wall Street, where countless regulators (and plenty of legislators) are former or future employees of the very firms they're tasked with overseeing. Recent bombshells--such as multi-billion dollar trading losses at JP Morgan Chase, the manipulation of interest rates via the LIBOR scandal, and money laundering with North American drug cartels and rogue nations such as Iran--are symptomatic of this corrosive culture, which has decimated consumer and investor confidence. As the big banks fight tooth and nail to avoid real reforms, this book is a timely, important, and shocking look at a hopelessly compromised system, still defenseless against the next great crash.--From publisher description.

Download or read book The Creature from Jekyll Island written by G. Edward Griffin and published by American Media (CA). This book was released on 1995 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Culture of Conspiracy written by Michael Barkun and published by Univ of California Press. This book was released on 2003 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unravelling the genealogies and permutations of conspiracist worldviews, this work shows how this web of urban legends has spread among sub-cultures on the Internet and through mass media, and how this phenomenon relates to larger changes in American culture.

Download or read book Payback written by Daniel R. Fischel and published by HarperCollins Publishers. This book was released on 1995 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revisionist's view of the '80s by a leading conservative economist--who argues that the so-called "decade of greed", spearheaded by the rise of Michael Milken and Drexel Burnham, actually improved corporate America--examines how Michael Milken became a scapegoat in a complicated and convoluted mess made by the government.

Download or read book Who Really Runs the World written by Thom Burnett and published by Red Wheel Weiser. This book was released on 2007-04-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is a mess. It’s constantly at war, things cost too much, and the average person struggles to survive against powers they can barely see, let alone control. It appears so at odds with common sense, in fact, that it begs a fundamental question: Who runs the world? This book looks at the conspiracies in everyday life, both hidden and not-so-hidden. It examines actual people, businesses, social networks, corporate alliances, and the dark forces of conspiracy and secret history that hold them together. The conclusions reached may shock and scandalize some people—especially those who fervently believe in democracy—but will fascinate everyone.

Download or read book Rich Dad s Conspiracy of the Rich written by Robert T. Kiyosaki and published by Business Plus. This book was released on 2009-09-21 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: In late January, 2009, Robert Kiyosaki launched CONSPIRACY OF THE RICH - a free online book which was written in serial basis to help people understand how the current recession came about, and what they need to learn on how to survive through the coming rough years. An unprecedented publishing event for Kiyosaki and The Rich Dad Company, CONSPIRACY OF THE RICH is an interactive, "Wiki-style" project in which Kiyosaki has invited feedback, commentary, and questions from readers across the globe. The response so far has been totally fantastic. Millions and millions of readers have flocked to the website (www.conspiracyoftherich.com) to read what Robert has to say about the recession, and the readers have posted thousands of comments. Some of those reader comments will even be included in the final tradepaper version.

Download or read book The Fix Is In written by J. A. Graffagnino and published by AuthorHouse. This book was released on 2016-07-20 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finally, the truth is revealed about Manhattan’s Deutsche Bank building fire. The devastating fire at 130 Liberty Street in the heart of Manhattan’s financial center — a short distance from what was the World Trade Center — was one of the worst fires in New York City’s history. Two firefighters were killed, and 105 were injured. One of the firefighters killed during the horrific fire was author Graffagnino’s son, Joey. Graffagnino refused to believe what high-level government decision makers were telling the public — that the fire was an accident. After eight years of relentless research in pursuit of the truth — combing through public records and interviewing firefighters on the scene, government officials, informed observers, whistleblowers and eyewitnesses — Graffagnino uncovered the truth. The horrific seven-alarm Deutsche Bank building fire was no accident. And all efforts to quell the raging inferno were in vain. The Fix Is In is not based upon a conspiracy theory, opinion or undocumented rumors, but confirmed facts. Graffagnino places blame where it belongs and exposes the people who benefited from the catastrophe. Find out for yourself. Discover the disturbing truth about a calculated and complex conspiracy involving top governmental agencies, corporate leaders and organized crime figures. “The Deutsche Bank fire was preventable,” said FDNY Captain Simon Ressner. “Preventive measures were deliberately sidestepped in the name of ambition and in the name of money.”

Download or read book The Web of Conspiracy written by Theodore Roscoe and published by . This book was released on 1967 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Lincoln Conspiracy written by David W. Balsiger and published by Los Angeles, Calif. : Schick Sunn Classic Books. This book was released on 1977 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: On April 14, 1965, President Abraham Lincoln was assassinated while attending a play at Ford's Theatre. Historical accounts tell us the murder was committed by a crazed actor named John Wilkes Booth, and no one else. Now, after more than a century, startling new answers are uncovered.

Download or read book Conspiracies of Conspiracies written by Thomas Milan Konda and published by University of Chicago Press. This book was released on 2019-03-15 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s tempting to think that we live in an unprecedentedly fertile age for conspiracy theories, with seemingly each churn of the news cycle bringing fresh manifestations of large-scale paranoia. But the sad fact is that these narratives of suspicion—and the delusional psychologies that fuel them—have been a constant presence in American life for nearly as long as there’s been an America. In this sweeping book, Thomas Milan Konda traces the country’s obsession with conspiratorial thought from the early days of the republic to our own anxious moment. Conspiracies of Conspiracies details centuries of sinister speculations—from antisemitism and anti-Catholicism to UFOs and reptilian humanoids—and their often incendiary outcomes. Rather than simply rehashing the surface eccentricities of such theories, Konda draws from his unprecedented assemblage of conspiratorial writing to crack open the mindsets that lead people toward these self-sealing worlds of denial. What is distinctively American about these theories, he argues, is not simply our country’s homegrown obsession with them but their ongoing prevalence and virulence. Konda proves that conspiracy theories are no harmless sideshow. They are instead the dark and secret heart of American political history—one that is poisoning the bloodstream of an increasingly sick body politic.

Download or read book Seven Financial Conspiracies which Have Enslaved the American People written by Sarah E. Van De Vort Emery and published by . This book was released on 1892 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Collusion written by Nomi Prins and published by Bold Type Books. This book was released on 2018-05-01 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this searing exposéformer Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order. Central banks and international institutions like the IMF have overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks or balances. Meanwhile, the open door between private and central banking has ensured endless opportunities for market manipulation and asset bubbles -- with government support. Through on-the-ground reporting, Prins reveals how five regions and their central banks reshaped economics and geopolitics. She discloses how Mexico navigated its relationship with the US while striving for independence and how Brazil led the BRICS countries to challenge the US dollar's hegemony. She explains how China's retaliation against the Fed's supremacy is aiding its ongoing ascent as a global superpower and how Japan is negotiating the power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote. Packed with tantalizing details about the elite players orchestrating the world economy -- from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde -- Collusion takes the reader inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos. A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.

Download or read book Secrets Plots Hidden Agendas written by Paul T. Coughlin and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Coughlin summarizes the main ideas conspiracy theorists have about a one-world government, the role of the media, endtimes teaching and the Jewish community, offering clear, objective data about secret plots.

Download or read book Conspiracy of Credit written by Corey P Smith and published by Credo Books Inc. This book was released on 2013-11-01 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conspiracy of Credit is a must read. Containing the most raw and comprehensive information you will ever find on credit, this book provides shocking answers to the questions of why the credit bureaus want you to have bad credit and why credit is assumedly for poor people. Conspiracy of Credit explains why identity theft is nothing more than a new product created by the credit bureaus and banks to make money. Further, this book tactfully breaks down the reason behind retail and grocery store loyalty cards as well as the use of re-identification software. The speed of light money age is here, and never before has any book provided a blueprint for the future of credit and banking.

Download or read book The Trillion Dollar Conspiracy written by Jim Marrs and published by Harper Collins. This book was released on 2011-07-05 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's economy is in shambles . . . Its citizens are terrified and dissatisfied . . . Could it all have been planned by a secret elite one hundred years ago? The New World Order. Hitler referred to it in his diaries. President George H. W. Bush foretold of it in his speeches. Formed by a secretive global elite, the group seeking this new order has taken hold of the nation—and perhaps the world. Its influence pervades every aspect of American society, from the products we buy at the grocery store to the topics of evening news programs. But could it also be true that the New World Order caused one of the greatest financial catastrophes of our time? Bestselling author and legendary conspiracy researcher Jim Marrs has yet again exposed information that the mainstream corporate media has refused to report, unearthing the lies to expose the insidious alliances that make up a secret world. In the explosive The Trillion-Dollar Conspiracy, Marrs digs beneath the media noise surrounding the financial bailouts of 2008 and 2009 while exploring the back rooms and shadowy deals of our nation’s past to craft a frightening history that no one else is brave enough to tell.

Download or read book A Conspiracy of Paper written by David Liss and published by Ballantine Books. This book was released on 2001-01-30 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benjamin Weaver, a Jew and an ex-boxer, is an outsider in eighteenth-century London, tracking down debtors and felons for aristocratic clients. The son of a wealthy stock trader, he lives estranged from his family—until he is asked to investigate his father’s sudden death. Thus Weaver descends into the deceptive world of the English stock jobbers, gliding between coffee houses and gaming houses, drawing rooms and bordellos. The more Weaver uncovers, the darker the truth becomes, until he realizes that he is following too closely in his father’s footsteps—and they just might lead him to his own grave. An enthralling historical thriller, A Conspiracy of Paper will leave readers wondering just how much has changed in the stock market in the last three hundred years. . . .