Other People's Money : : the Corporate Mugging of America

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The bank wars -- Scratching backs: banks and corporations -- Deregulation and creating instability -- Enron, energy and entropy -- Telecom implosion -- Examination and reform?
During fifteen years in the upper flights of banks like Goldman Sachs and Bear Stearns, author Prins never lost her ability to see the broader picture. The result is an insider's account of the big banks' giddy ride through the boom economy. Prins provides firsthand detail of day-to-day life in the financial leviathans, with all its rich absurdities and ceaseless power plays. Uncovering the old-boy networks and hot-money flows between Wall Street, Corporate America, and Capitol Hill, she also exposes the whitewash reforms brought in to control them. In the first years of the Bush administration some prominent executives cashed out billions in stock options before driving their companies to ruin through fraud and bankruptcy. Yet, to write off this corruption as the unbridled greed of a few is an oversimplification. As Prins shows in this exposé, the corporate malfeasance of recent years resulted from deregulation that trashed the rules of responsible corporate behavior.--From publisher description.

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Corporate Bad Behavior submitted by johnnyringo on July 1, 2013, 3:03pm Primer on the causes of the banking meltdown