Conversations with Wall Street: The Inside Story of the Financial Armageddon and How to Prevent the Next One

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More About This Book

Overview

A rare behind-the-scenes look at how Wall Street makes money. The book answers questions people affected by the financial crisis have been waiting for, like how the system works and how to fix it in easy-to-understand language. Confidential conversations reveal what went wrong with the mortgage market and what needs to change from insiders themselves. The book bridges the gap between Main Street and Wall Street and outlines practical solutions for the future. This is the first book in this area to to include observations from firsthand insiders rather than just reporters with third-hand accounts.

Product Details

  • ISBN-13: 9781607462941
  • Publisher: FastPencil Premiere
  • Publication date: 11/15/2011
  • Pages: 222
  • Sales rank: 395,199
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.70 (d)

Meet the Author

Peter Ressler is the CEO of a premier Wall Street executive search firm RMG Search in New York and an expert on Wall Street human Capital with 30 years experience as a talent broker for the top investment banks and hedge funds including Goldman Sachs, Lehman Brothers and Bear Stearns. Peter is an internationally renowned speaker on Business Ethics and value-based leadership. He holds a degree in business from Cornell.

Customer Reviews

Average Rating 4.5
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Sort by: Showing all of 3 Customer Reviews

  • Posted February 9, 2012

    A REAL PAGE-TURNER

    I couldn't put the book down.

    Unlike other books written about the financial crisis, Conversations with Wall Street, reveals the complexity of human emotions and at times, conflicting motivations that prevailed on Wall Street. The anecdotes provide a balanced view and powerful illustrations of the dominant "rip your face off" culture and how individuals of varying levels of integrity dealt, and in some cases, struggled with it. Ressler and Mitchell explain the historical genesis of bubbles in the history of capitalism from the early days of this country. As well, they describe how a Wall Street culture that was ruled by a code of honor where "your word was your bond" devolved into one that created chaos in the markets and on Main Street. The authors offer solutions that create a social contract, bridging the disconnect that exists between Main Street and Wall Street which was so instrumental in triggering the crisis that began in 2008 and continues today.

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  • Posted January 30, 2012

    Awesome Read!

    I saw these two authors speak in New York City recently about the book, and the story is amazing. They have gotten inside information on how the American Mortgage Industry has caused financial wreckage on the economy. The book reads like watching a movie. I have found it a great way to learn about why the economy is in the shape it currently exists. I would love to see their 'social contract' come to be a part of the american business model.

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  • Posted January 30, 2012

    A MUST READ

    Peter Ressler and Monika Mitchell have been able to shed some light on a painful period in our lives. With a conversational narrative they enable the reader to feel like we are actually sitting in on the discussion. It also brings some clarity to the enormous adjustments everyday people were forced to make because of an unbelievable greed for wealth. Furthermore it shows how some people realized the damage they caused while others learned nothing. This is a must read without all the BS. JGZ

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.
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