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Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and
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Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off Paperback - 2007

by Weiss, Gary

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Gary Weiss, one of the business world's most dogged investigative reporters, has written the definitive book about the dark side of Wall Street not just a few bad apples, but the whole rotten barrel.

This is the outrageous, riveting, darkly funny story of what really happens in every corner of the financial system: from Internet tip sites and boiler rooms, to fee-happy mutual funds and hedge funds, to the bluest of blue-chip securities firms. With vivid anecdotes and character studies,Wall Street Versus America will show you how investors are consistently victimized while sleepy regulators, biased arbitrators, and the media all look the other way.

You'll learn, for instance, how respectable institutions such as Bear Stearns and Morgan Stanley push the ethical envelope, and how Washington, under both Democrats and Republicans, simply has not kept up with innovations in Wall Street greed.

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Portfolio Trade, 2007-05-29. Paperback. Like New. 8x5x1. *NEW* Paperback. Has remainder mark and/or shelf wear.
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Summary

A shocking appraisal that shows how Wall Street is intrinsically corrupt—and what individual investors can do to protect themselves

For several years high-profile corporate wrongdoers have been vilified by the media. Yet the problem, according to Gary Weiss, is not just a few isolated instances of malfeasance. The problem is in the very fabric of Wall Street and its practices that enable and even encourage corruption—practices that are so pervasive and so difficult to combat that they are in effect perfect crimes, with the small investor left holding the bag.

In this blistering report from the front, Weiss describes how the ethos of Mafia chophouses, boiler rooms, and penny stock peddlers now permeates all of Wall Street. Protected from investor lawsuits by laughably corrupt arbitration systems, Wall Street firms are free to fleece unsuspecting clients with little or no risk. But as this empowering book shows, ordinary investors can fight back and come out on top—if they learn to recognize warning signs, filter media chatter, and spot looming corporate meltdowns in advance.

Prepare to be surprised, get angry, and then get even. Wall Street Versus America is a wild ride you can’t afford to miss.

From the publisher

Gary Weis is the author of Born to Steal: When the Mafia Hit Wall Street. He is an award-winning investigative journalist known for the hard-hitting cover stories he wrote during his many years at BusinessWeek, on subjects from microcap fraud to manipulation of Treasury securities by Salomon Brothers.

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Media reviews

Witty, readable, and hunts big game. (New York Post)With lethal intent, Weiss's new book unleashes a nuclear blast across the spectrum of financial finagling. (Barron's)Gary Weiss has written a book that strips away the gloss and glamour of the stock world and reveals the sometimes sordid details.Wall Street Versus America is erudite and savagely funny. (Houston Chronicle)His arguments are hotheaded as in, by the way, be sure to stick the word 'allegedly' into every sentence of the preceding paragraph' but highly illuminating. (The New York Times)END

About the author

Gary Weis is the author of Born to Steal: When the Mafia Hit Wall Street." He is an award-winning investigative journalist known for the hard-hitting cover stories he wrote during his many years at "BusinessWeek," on subjects from microcap fraud to manipulation of Treasury securities by Salomon Brothers.