Other People's Money: The Corporate Mugging of America

Other People's Money: The Corporate Mugging of America

Nomi Prins

Critical, self reliant voices are seldom chanced on in the citadels of overseas finance. That’s what makes Nomi Prins certain. in the course of fifteen years as an government at skyscraping banks like Goldman Sachs, endure Stearns, and Lehman Brothers, Prins by no means misplaced her skill to determine the wider photograph. She walked clear of the sport in 2002 out of disgust with the burgeoning company corruption, simply as its significance used to be changing into transparent to the public.

In this acclaimed exposé, named the most effective books of 2004 through The Economist, Barron’s, Library Journal, and The Progressive, Prins offers attention-grabbing firsthand info of daily existence within the monetary leviathans, with all its wealthy absurdities. She demonstrates how the much-publicized fraud of contemporary years resulted from deregulation that trashed the principles of liable company habit, and never easily the unbridled greed of a opt for few. whereas the inventory marketplace roared at the again of phony stability sheets, executives made out like bandits and Congress appeared the opposite direction. Worse but, because the new foreword to this version makes transparent, every thing is still in position for a repeat performance.

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