Other People's Money: The Corporate Mugging of America
Nomi PrinsISBN: 1595580638;
In a widely acclaimed exposA©, a former Wall Street insider reveals how business executives and politicians schemed their way to the bank. Critical, independent voices are seldom found within the citadels of international finance. That's what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public. In this acclaimed exposA©, named one of the best books of 2004 by The Economist, Barron's, Library Journal , and The Progressive , Prins provides fascinating firsthand details of day-to-day life in the financial leviathans, with all its rich absurdities. She demonstrates how the much-publicized fraud of recent years resulted from deregulation that trashed the rules of...