Other People's Money: The Corporate Mugging of America

Other People's Money: The Corporate Mugging of America

by Nomi Prins
Other People's Money: The Corporate Mugging of America

Other People's Money: The Corporate Mugging of America

by Nomi Prins

Paperback(Reprint)

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Overview

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 exposé, 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 responsible corporate behavior, and not simply the unbridled greed of a select few. While the stock market roared on the back of phony balance sheets, executives made out like bandits and Congress looked the other way. Worse yet, as the new foreword to this edition makes clear, everything remains in place for a repeat performance.


Product Details

ISBN-13: 9781595580634
Publisher: New Press, The
Publication date: 08/01/2006
Edition description: Reprint
Pages: 342
Sales rank: 678,696
Product dimensions: 5.50(w) x 8.20(h) x 1.10(d)

About the Author

Nomi Prins has worked at Goldman Sachs, Bear Stearns, Lehman Brothers, and Chase. She has written for the New York Times, Newsday, Fortune, and The Guardian and appeared on numerous international media programs. She is a senior fellow with the public policy center Demos and lives in New York City.

Table of Contents

Prefaceix
Acknowledgmentsxiii
Prologue: Midsummer Night's Dreamxv
Introduction1
1The Bank Wars27
2Scratching Backs: Banks and Corporations71
3Deregulation and Creating Instability113
4Enron, Energy, and Entropy143
5Telecom Implosion195
6Examination and Reform?259
Notes299
Index325
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