“an exhaustive and detailed description of the workings of Wall Street: Karen Ho examines - without a heavy ideological bent - the culture of Wall Street investment bankers, and situates their worldview and practices within the history of the stock market, the way in which shareholder value dominates corporate finance, and the relationship Wall Street has with the corporate world. Instead of resorting to cliches like greed, the author describes the ways in which Wall Street investment banking creates booms and busts, and how it resolves the contradictions inherent in its practices. A must read for anyone trying to understand the financial system, especially in the wake of the recession of 2008.”
Arvind wrote this review Tuesday, March 1, 2011.
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