The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial SystemIn the spirit of Barbarians at the Gate and Liar’s Poker comes The Sellout, the definitive book on the recent collapse of Wall Street, one of the most dramatic and anxiety-ridden era in national socioeconomic history. In this powerful business narrative, Charles Gasparino, the author of Blood on the Floor and King of the Club, captures how avarice, arrogance, and sheer stupidity eroded Wall Street’s dominance, made many of our country’s most fabled financial institutions vulnerable to significant new foreign control, and profoundly weakened the financial security of millions of poor and middle-class American families. |
From inside the book
Page xi
... Mack : CEO of Morgan Stanley . Mack's career at Morgan Stanley spans nearly thirty years . He left the company in 2001 amid a power struggle with then - CEO Philip Purcell , eventually taking the helm at Credit Suisse First Boston . He ...
... Mack : CEO of Morgan Stanley . Mack's career at Morgan Stanley spans nearly thirty years . He left the company in 2001 amid a power struggle with then - CEO Philip Purcell , eventually taking the helm at Credit Suisse First Boston . He ...
Contents
| 1 | |
| 9 | |
| 38 | |
| 53 | |
An Education in Risk | 65 |
MERCHANTS OF DEBT | 85 |
Bigger Is Better | 87 |
Financial Renaissance | 103 |
Cash Stops Flowing | 226 |
WHATLS THE WORST THAT COULD HAPPEN? | 245 |
The Dancing Stops | 289 |
The End Begins | 330 |
There Are Rumors That You Guys Are in Trouble | 392 |
Free Fall | 411 |
The Rescue | 441 |
Bailout Nation | 463 |
Paying the Price | 120 |
One Big Happy Family | 130 |
Opening the Floodgates | 151 |
No More Mother Merrill | 164 |
Perverse Incentives | 196 |
Top of the World | 206 |
Epilogue | 479 |
Glossary | 501 |
Acknowledgments | 507 |
Index | 531 |
Other editions - View all
The Sellout: How Three Decades of Wall Street Greed and Government ... Charles Gasparino Limited preview - 2010 |
The Sellout: How Three Decades of Wall Street Greed and Government ... Charles Gasparino Limited preview - 2009 |
Common terms and phrases
analysts assets author's interviews bailout balance sheet Bank of America bankers Bear Stearns Bear's began believed Bernanke billions of dollars bond market borrowing brokers business model capital cash Cayne's CDOs Cioffi Citigroup clients crisis deal default Dick Fuld Dimon Dunlavy earned Einhorn Fakahany firm's Fleming former Fuld's Goldman Sachs Greenberg GSEs hedge funds housing interest rates investment banks investors Jamie Dimon Jimmy Cayne John Thain JPMorgan knew Komansky Larry Fink Lehman Brothers leverage Lewis loans losses LTCM Mack Maheras massive Meriwether Merrill Lynch Merrill's Morgan Stanley mortgage bonds mortgage debt mortgage market mortgage-backed securities Paulson percent profits Ranieri risk management risk taking risky Rubin Salomon Brothers Sandy Weill Schwartz sell Semerci share short sellers Stan O'Neal subprime swaps Thain told trading desk Treasury underwriting Wall Street firms wanted Warren Spector Weill York