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AudibleInk - Wall Street Versus America: The Rampant Greed and Dishonesty That Imperil Your Investments
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List Price: $24.95
Our Price: $7.13
Your Save: $ 17.82 ( 71% )
Availability: N/A
Manufacturer: Portfolio Hardcover
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Currently OUT OF STOCK
Average Customer Rating:  
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Binding: Hardcover
Dewey Decimal Number: 364.163
Format: Bargain Price
Label: Portfolio Hardcover
Manufacturer: Portfolio Hardcover
Number Of Items: 1
Number Of Pages: 320
Publication Date: 2006-04-06
Publisher: Portfolio Hardcover
Studio: Portfolio Hardcover
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Editorial Reviews:
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A shocking appraisal that shows how Wall Street is intrinsically corrupt—and what individual investors can do to protect themselves
For several years high-profile corporate wrongdoers have been vilified by the media. Yet the problem, according to Gary Weiss, is not just a few isolated instances of malfeasance. The problem is in the very fabric of Wall Street and its practices that enable and even encourage corruption—practices that are so pervasive and so difficult to combat that they are in effect perfect crimes, with the small investor left holding the bag. In this blistering report from the front, Weiss describes how the ethos of Mafia chophouses, boiler rooms, and penny stock peddlers now permeates all of Wall Street. Protected from investor lawsuits by laughably corrupt arbitration systems, Wall Street firms are free to fleece unsuspecting clients with little or no risk. But as this empowering book shows, ordinary investors can fight back and come out on top—if they learn to recognize warning signs, filter media chatter, and spot looming corporate meltdowns in advance. Prepare to be surprised, get angry, and then get even. Wall Street Versus America is a wild ride you can’t afford to miss.
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Spotlight customer reviews:
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Customer Rating: 
Summary: Now I know...
Comment: I am only about 3/4 the way through this book, but had I read it a few years ago, I probably wouldn't have stock investments and wouldn't have seen my retirement funds go down the tube as they have.
Customer Rating:
Summary: Wall Street Versus America
Comment: The book was in mint condition, well price and delivered promptly. I definitely recommend the seller to anyone interested in trustworthy sellers. I would not hesitate to buy another book from this seller.
Customer Rating:
Summary: If you're a small investor, this book will make you cry.
Comment: I recently received a small inheritance, and bought this book for some suggestions on what to do with it. After reading this scathing account of how careless, and frequently criminal, Wall Street is with investors' money, I think the best thing to do with it is stuff it in a pillow case and throw it in the closet.
I looked at other reviews here to see if anyone in the know disputed any of Gary Weiss' claims, and, alarmingly, no one did. A former Business Week columnist, Weiss definitely appears to know his subject, and, more importantly, he adopts a tone that makes the book readable for a complete layman like myself. Though his style may occasionally come off as glib as facetious, he presents a view of Wall Street you are not going to get anywhere else, packed with information that pesents the world of investment as nothing more than an Old Boy's Club that simply doesn't care at all about you.
Brief list of things I learned from reading this book: The regulation and punishment of criminals on Wall Street is usually done by the very people committing the fraud, hedge funds don't behave any differently with your money than any other investors, boiler room scams are alive and well (not hounded out of existence by the SEC, as I believed) and "punishments" meted out for criminal behavior by the SEC usually consist of being asked nicely to stop it.
I can't recommend this book enough to anyone considering investing. I'm very glad I got it when I did. A Must Read!
Customer Rating:
Summary: This is required reading for anyone owning stocks
Comment: I was hired to co-author a book on the stock market, and initially was skeptical of the claims made by my client about Wall Street. However, when I began doing research, it was "Wall St. Versus America" that made me take notice and realize that we are being manipulated by a group of people who addicted to accumulating wealth without remorse.
Weiss' makes a powerful and well-documented case that there is a powerful group of Wall St. execs, CEO's, government officials, Congress and the financial press that band together to protect their own investment. Weiss also points out that the regulatory commissions are toothless, and we are generally unaware of how this affects our daily lives.
Hopefully, when my book, "Crazyman's Economics" comes out in early '08, it will be another in a series of warnings to 'fly-over country' that Wall St. is not after your best interests. (www.crazymanseconomics.blogspot.com)
Customer Rating:
Summary: "Bravo" from an ordinary investor
Comment: I'm just an ordinary investor who has been feeling like a piece of bait for the securities industry- until now.
I applaud you for Wall Street Versus America. Reading it made me realize that my concerns and suspicions are valid and that I'm not alone. Not only that, it provided the beacon I need to have the confidence to be aggressive with my questions, bold with my actions and to never again blindly follow the "advice" of a broker and never again exist only to have my portfolio's mission priority be to fill a broker's pockets ahead of mine. I am lucky to have learned this before Wall Street had a chance to ruin me.
I was fortunate to retire with a pension lump sum. When I started looking into how to invest it, I found the brokerage industry to be like the Big Bad Wolf licking its chops, just waiting to brainwash me and take my money. So, I left my broker and found another, then I left the new one too. After that, I sold everything and put my money safely into Treasuries and Money Market funds so I could take all the time I needed to get my act together. Then, I found your book, bought it and read it carefully. Life changed. Thank you.
Oh yeah, I said your book enabled me to be "bold with my actions". By that, I mean that I have already written to my congressman and to the chairman of the SEC to demand that Arbitration be made optional. I'm expecting little in return, or maybe some polite "baloney" but I'm not backing off. This absolutely feels like swimming up a waterfall, but it's a start.
Great book.
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