The Dark Side of Wall Street

Download or read book The Dark Side of Wall Street written by Ben Mah and published by Createspace Independent Pub. This book was released on 2012-10-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dark Side of the Wall Street is a bold and candid effort to reveal the nature of Wall Street and the manipulative role it plays in American and global politics. The author is fearless in exposing the dark side of Wall Street, beginning with the Reagan administration in the eighties. Unsavory practices are revealed include the development of junk bonds and mortage-backed security, the securitization of mortgages–which ignited the subprime mortgage crisis and ultimately lead to the financial meltdown.The book also reveals the collaboration between the American financial elite and American political elite–including President Barack Obama–who despite his rhetoric on the campaign trail, made deals with Wall Street tycoons in secret meetings.Mah vividly portrays the role that Washington's key economic policymakers, people such as Alan Greenspan, Henry Paulson, Ben Bernanke, Robert Rubin, Larry Summers and Timonthy Geithner, played in the Wall Street financial crisis. Additionally, this book debunks the financial myths and legends surrounding Wall Street heavyweights Michael Milken, Ivan Boesky, George Soros, Sandford Weill, Julian Robertson and John Paulson.