25 Books to Read Before You Die
 
 

Recently Viewed clear list


Original Essays | August 20, 2014

Julie Schumacher: IMG Dear Professor Fitger



Saint Paul, August 2014 Dear Professor Fitger, I've been asked to say a few words about you for Powells.com. Having dreamed you up with a ball-point... Continue »
  1. $16.07 Sale Hardcover add to wish list

    Dear Committee Members

    Julie Schumacher 9780385538138

spacer
Qualifying orders ship free.
$34.99
New Compact Disc
Ships in 1 to 3 days
Add to Wishlist
Qty Store Section
8 Local Warehouse Business- History and Biography

Chasing Goldman Sachs: How the Masters of the Universe Melted Wall Street Down.and Why They'll Take Us to the Brink Again

by

Chasing Goldman Sachs: How the Masters of the Universe Melted Wall Street Down.and Why They'll Take Us to the Brink Again Cover

 

Synopses & Reviews

Publisher Comments:

How did Wall Street become a self-serving and ultimately destructive profit machine that imploded? Wall Street's real job is to be our "financial utility"—good financial plumbers that funnel capital to companies so the economy can expand and create jobs and also provide the means for individual investors to build portfolios that will increase personal wealth.

But Wall Street went haywire and became (in Jon Stewart's words) a "bizarro" place that lost touch with most of America. Suzanne McGee provides a penetrating and disturbing look at forces that have transformed Wall Street into a risk-taking behemoth that spun out of control and took the economy and millions of 401(k)s down with it. Primary among these forces was "Goldman Sachs envy." The demons that drove Richard Fuld of Lehman Brothers, Stanley O'Neil of Merrill Lynch, and the rest of Wall Street to ever-greater risk were perverse incentives and the illusion that they could make even more money than Goldman Sachs (where $11.6 billion in profits in 2007 led to an average bonus of $660,000).

Firsthand reporting from veteran Wall Street journalist McGee provides riveting storytelling and a narrative that will grab both Wall Street insiders and people on "Main Street." She is the perfect guide through the labyrinth that is Wall Street, which now reaches from the actual street to Greenwich-based hedge funds, investment banks, venture capitalists in Silicon Valley, the futures pits of Chicago, and sovereign wealth funds.

Synopsis:

Veteran Wall Street journalist Suzanne McGee explores why the Wall Street implosion happened and finds that the driving force was the belief among individual investors that they could make the kind of money taken in by the investment banking and securities firm Goldman Sachs.

About the Author

Suzanne McGee spent more than thirteen years as a staff reporter for the Wall Street Journal in Toronto, New York, and London. After leaving the Journal in 2002, she became a freelance contributor to more than a dozen business publications, including Barron's, the Financial Times, Institutional Investor, and INC. She is currently the New York Post's markets corespondent, a contributing editor at Barron's, and a Loeb Award winner for a multimedia series on consumer culture in China. Hillary Huber records audiobooks on a regular basis, garnering consistently glowing reviews and earning her several Audie Award nominations, including for A Field of Darkness by Cornelia Read, Sunrise Alley by Catherine Asaro, and What Shamu Taught Me About Life, Love, and Marriage by Amy Sutherland. She also earned an AudioFile Earphones Award for her narration of This Book Is Overdue! AudioFile magazine says, "Hillary Huber's narration is lyrical enough to be set to music." Hillary lives in Los Angeles.

Product Details

ISBN:
9781400117512
Author:
Mcgee, Suzanne
Publisher:
Tantor Media Inc
Read by:
Huber, Hillary
Read:
Huber, Hillary
Narrated:
Huber, Hillary
Author:
Huber, Hillary
Author:
McGee, Suzanne
Location:
Old Saybrook
Subject:
Finance
Subject:
Banks & Banking
Subject:
Business-Accounting and Finance
Subject:
Business-History and Biography
Subject:
General Business & Economics
Edition Description:
Unabridged,Unabridged CD
Publication Date:
20100631
Binding:
COMPACT DISC
Language:
English
Dimensions:
5.3 x 6.4 x 1.1 in 0.6 lb
Media Run Time:
840

Related Subjects

Business » Accounting and Finance
Business » Banking
Business » History and Biographies

Chasing Goldman Sachs: How the Masters of the Universe Melted Wall Street Down.and Why They'll Take Us to the Brink Again New Compact Disc
0 stars - 0 reviews
$34.99 In Stock
Product details pages Tantor Media - English 9781400117512 Reviews:
"Synopsis" by , Veteran Wall Street journalist Suzanne McGee explores why the Wall Street implosion happened and finds that the driving force was the belief among individual investors that they could make the kind of money taken in by the investment banking and securities firm Goldman Sachs.
spacer
spacer
  • back to top
Follow us on...




Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.