An insider points out the holes that still exist on Wall Streetand in the banking system
Exile on Wall Street is a gripping read for anyone withan interest in business and finance, U.S. capitalism, the future ofbanking, and the root causes of the financial meltdown.
Award winning, veteran sell side Wall Street analyst Mike Mayowrites about one of the biggest financial and political issues ofour time - the role of finance and banks in the US. He hasworked at six Wall Street firms, analyzing banks and protestingagainst bad practices for two decades.
In Exile on Wall Street, Mayo:
* Lays out practices that have diminished capitalism and thebanking sector
* Shares his battle scars from calling truth to power at some ofthe largest banks in the world and how he survived challenging thestatus quo to be credited as one of the few who saw the crisiscoming
* Blows the lid off the true inner workings of the big banks andshows the ways in which Wall Street is just as bad today as it waspre-crash.
* Analyzes the fallout stemming from the market crash, pointingout the numerous holes that still exist in the system, and offerspractical solutions.
While it provides an education, this is no textbook. It is alsoan invaluable resource for finance practitioners and citizensalike.