Bibliograph

The seven sins of Wall Street, big banks, their Washington lackeys, and the next financial crisis, Bob Ivry

Type

Label

The seven sins of Wall Street, big banks, their Washington lackeys, and the next financial crisis, Bob Ivry

Language

eng

Bibliography note

Includes bibliographical references and index

Index

index present

Literary Form

non fiction

Main title

The seven sins of Wall Street

Nature of contents

bibliography

Responsibility statement

Bob Ivry

Sub title

big banks, their Washington lackeys, and the next financial crisis

Summary

We all know that the financial crisis of 2008 came dangerously close to pushing the United States and the world into a depression rivaling that of the 1930s. But what is astonishing--and should make us not just afraid but very afraid--are the shenanigans of the biggest banks since the crisis. Bob Ivry passionately, eloquently, and convincingly details the operatic ineptitude of America's best-compensated executives and the ways the government kowtows to what it mistakenly imagines is their competence and success. Ivry shows that the only thing that has changed since the meltdown is how too-big-to-fail banks and their fellow travelers in Washington have nudged us ever closer to an even bigger economic calamity. Informed by deep reporting from New York, Washington, and the heartland, The Seven Sins of Wall Street, like no other book, shows how we're all affected by the financial industry's inhumanity. The transgressions of "Wall Street titans" and "masters of the universe" are paid for by real people. In fierce, plain English, Ivry indicts a financial industry that continues to work for the few at the expense of the rest of us. Problems that financiers deemed too complicated to be understood by ordinary folks are shown by Ivry to be financial legerdemain-a smokescreen of complexity and jargon that hide the bankers' nefarious activities

Table Of Contents

Machine generated contents note: One.Gluttony -- Size: Sherry Hunt and the Champions of Responsible Finance -- Two.Wrath -- Secrecy: Mark Pittman and the Patron Saint of Goldman Sachs -- Three.Envy -- Capture: Jamie Dimon and Going Long Risk Some Belly Tranches (Especially Where Default May Realize) -- Four.Pride -- The Myth of Competence: Deniz Anginer and Conjectural Government Guarantees -- Five.Lust -- Complexity: Saule T. Omarova and the Phantom Waiver -- Six.Sloth -- Impunity: Walter Lacey, Marianne Miller-Lacey, and Slapstick Tragedy -- Seven.Greed -- Class War: Rebecca Black and the Pneumatic Tube

Target audience

adult

Classification