On March 5, 2008, a Florida hedge fund manager's Web site included a startling statement about Bear Stearns & Co.: In my book, they are insolvent. This seemed a bold and risky statement. Bear Stearns had been a colossally profitable enterprise for eighty-five years. Ten days later, Bear Stearns no longer existed and the calamitous financial meltdown of 2008 had begun. How and why that happened is the subject of William D. Cohan's superb and shocking...

The author examines the causes of the U.S. stock market crash of 2008 and its relation to overpriced real estate, bad mortgages, shareholder demand for excessive profits, and the growth of toxic derivatives.

"A timely, counterintuitive defense of Wall Street and the big banks as the invisible--albeit flawed--engines that power our ideas, and should be made to work better for all of us Maybe you think the banks should be broken up and the bankers should be held accountable for the financial crisis in 2008. Maybe you hate the greed of Wall Street but know that it's important to the proper functioning of the world economy. Maybe you don't really understand...

A number-one bestseller from coast to coast, Den of Thieves tells, in masterfully reported detail, the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Pulitzer Prize winner James B. Stewart shows for the first time how four of the biggest names on Wall Street -- Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine -- created the greatest...

"In 2011, Carmen Segarra took a job as at the Federal Reserve Bank of New York supervising for Goldman Sachs. It was an opportunity, she believed, to monitor the big bank's behavior in order to avoid another financial crisis. Segarra was shocked to discover, however, the full extent of the relationship between Goldman and the Fed. She began making secret recordings that later became the basis of a This American Life episode that exposed the Fed's...

Following a lengthy prison term, Gordon Gekko finds himself on the outside looking in at a world he once commanded. Hoping to repair his relationship with his daughter, Winnie, Gekko forges an alliance with her fiance, Jake. But Winnie and Jake learn the hard way that Gekko is still a master manipulator who will stop at nothing to reclaim his rightful place at the top of Wall Street.

On March 14, 2012, more than three million people read Greg Smith's bombshell Op-Ed in the New York Times titled "Why I Am Leaving Goldman Sachs." The column immediately went viral, became a worldwide trending topic on Twitter, and drew passionate responses from former Fed chairman Paul Volcker, legendary General Electric CEO Jack Welch, and New York City mayor Mike Bloomberg. Mostly, though, it hit a nerve among the general public who question the...

With unparalleled access to the firm's leadership, Ellis chronicles the brilliant individuals who built one of the world's largest investment banks.

"Excel in the world of investment banking. One of the most lucrative fields in business, investment banking frequently perplexes even banking professionals working within its complex laws. Investment Banking For Dummies remedies common misconceptions with a straightforward assessment of banking fundamentals. This book tracks to typical university courses on the subject and helps students and professionals understand the fundamentals of investment...

"The saga of the German-Jewish immigrants-with now familiar names like Goldman and Sachs, Kuhn and Loeb, Lehman and Seligman-who built the modern American finance system and shaped the world economy, from the New York Times bestselling author of Sons of Wichita. Joseph Seligman arrived in the United States in 1837, with the equivalent of $100 sewn into the lining of his pants. Then came Henry and Emanuel Lehman, who would open a general store in Montgomery,...