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Bear Trap; Why Wall Street Doesn't Work

Bear Trap; Why Wall Street Doesn't Work

by Paul Gibson

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Library Journal
Long a global center for financial transactions, Wall Street began to lose its unique identity through a combination of scandal, regulatory change, and technological innovation. Elimination of fixed commissions in 1975 was one of several factors that has led to the continuing migration from New York City's famed financial district. Predicting a future in which individuals will trade in markets different from those in which professionals trade, consultant Gibson is gloomy about what lies ahead. Without a more balanced report that includes many of the positive changes that have taken place in the financial industry, this book remains a confused rehash of well-covered scandal and failure. Not recommended.-- Joseph Barth, U.S. Military Acad., West Point, N.Y.

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Grove/Atlantic, Inc.
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