Book: Lessons Not Learned – 10 Steps to Stable Financial Markets

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Much has been written and spoken about  the lessons learned from the financial crisis of 2009. In this book, we list the lessons not learned before the financial crisis. The purpose of this book is to demonstrate that the theoretical and intellectual frameworks for regulating financial systems that had been available since at least 2001 could have prevented the systemic failure in the United States that led to the collapse of global credit markets in 2008.

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Book: Naked, Short, and Greedy – Wall Street’s Failure to Deliver by Susanne Trimbath

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Rigged financial markets and hopeless under-regulation on Wall Street are not new problems. In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades, trying to get this fixed.

Twenty-five years ago, Trimbath was working “backstage at Wall Street” when a group of corporate trust specialists told her about a problem in shareholder voting rights. When she went to senior management at Depository Trust Company (DTC), then and still the largest securities depository in the world, they brushed it off saying, “You can’t balance the world.”

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Book: The Divide – American Injustice in the Ago of the Wealth Gap by Matt Taibbi

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SUMMARY REVIEW

Seven Stars Life Transformational — Sickening Detailed Account of Trillion Dollar Crimes by Bankers Ignored While Black and Latino Workers are Beaten Daily for Profit at the Bottom of the Injustice Pyramid

Review by Robert David Steele

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Book: Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street

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NEW YORK TIMES BESTSELLER • “An essential exposé of our times—a work that reveals the deep rot in our financial system . . . Everyone should read this book.”—David Grann, author of Killers of the Flower Moon

The hedge fund industry changed Wall Street. Its pioneers didn’t lay railroads, build factories, or invent new technologies. Rather, they made their billions through financial speculation, by placing bets in the market that turned out to be right more often than not.

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Book: Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud

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In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history—a scandal that implicated dozens of major executives on Wall Street. They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose.

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Book: Flash Boys: A Wall Street Revolt by Michael Lewis

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#1 New York Times Bestseller ― With a new Afterword

“Guaranteed to make blood boil.” ―Janet Maslin, New York Times

In Michael Lewis’s game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders. They band together―some of them walking away from seven-figure salaries―to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.

Book: Griftopia–Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America by Matt Taibbi

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Review by Robert David Steele

5.0 out of 5 stars 6 Star Game Changer….Maybe

November 2, 2010

This is an extraordinary book, combining gifted insights and turns of phrase with serious research that has a point worth fighting for: Wall Street led by Goldman Sachs has ripped off the entire US economy, and they still have most people thinking that politics matters.

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Book: The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

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The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.

From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most volatile, anxiety-ridden era in our nation’s socioeconomic history. The winner of the 2009 Investigative Reporters and Editors Award for Books, The Sellout traces the recent implosion of the financial services business back to its roots in the late 1970s, when Wall Street embraced a new business model predicated on enormous risk.

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