Paper Fortunes: Modern Wall Street; Where It's Been and Where It's Going

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St. Martin's Press, Jan 19, 2010 - Business & Economics - 448 pages
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A LONG, WILD RIDE



Paper Fortunes is the richly-detailed story of Wall Street from post-war heyday to present woes, from a player whose experiences, profiles of the colorful personalities involved and learned observations of the forces shaping the business make it insightful and timely. Smith, a long-time Goldman Sachs banker and now a distinguished NYU professor of finance, enables anyone working on the Street, investing with it, or just appalled by its worst shenanigans to understand how the industry has grown, changed and evolved, and what its future prospects are.

From various Goldmans, Sachses, and Lehmans through to Richard Fuld, Henry Paulson and Tim Geithner, Paper Fortunes tells the ongoing story of the shifting U.S. market economy through the actions of the people who've shaped it for the last 60 years and will shape it for the next 60 years.

 

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User Review  - hmmn - LibraryThing

Pretty interesting book, but sometimes the language gets a little bit too technical. I really couldn't read it straight through, and I found myself skipping around. So I guess I should say it was ... Read full review

Contents

Introduction
1
1 Armageddon
9
2 The New Men of Finance
44
3 The GoGo Years
60
4 The Industry Reinvented
96
5 The Banks
130
6 Internationalizing
150
7 The Innovation Decades
185
9 Power Shifts
248
10 The New Economy Bubble
278
11 Hedge Funds and Private Equity
300
12 The Mortgage Crisis
329
13 An Uncertain Future
365
Epilogue
407
Notes
415
Index
423

8 Restructuring
218

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About the author (2010)

Roy C. Smith was an investment banker at Goldman Sachs for more than twenty years and is the Kenneth Langone Professor of Entrepreneurship and Finance at New York University's Stern School, where he has been for the past twenty. He is the author of several books, including The Global Bankers, The Money Wars, and The Wealth Creators.

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