Posted 20 hours ago

Den of Thieves

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Milken, the Midas of Drexel Burnham Lambert, who turned high-yield bonds into a new form of money and then set about to gobble all of it up. Well, a quarter of a century before it, “ Wall Street” made the rounds from one corner to the other of the globe. It's new to you, to a degree, and you feel social pressure to remain upbeat and engaged even as you hit snags of disappointment. A Pulitzer Prize-winning reporter lays bare the era when crimes of unparalleles proportions flourished on Wall Street. Parts of it grab your attention so that you can't put it down, but for a layperson like me, there were more details than I cared to read.

By carefully planting stories they could build momentum for mergers and speculation that would otherwise have gone unnoticed. Sometimes it seems like almost too much, but overall, Stewart does a good job of crafting a propulsive and engrossing narrative out of what is often a lot of explaining and background.He led the investigators to Martin Siegel, a Harvard graduate and respected investment banker, and Ivan Boesky, a Wall Street arbitrageur. Aside from greed, what makes financial skulduggery possible is that few people really understand money.

As far as Wall Street crimes go, the insider trading scandal of the 1980s was not much different than the ones that have occurred since. In fact, probably the most famous scene of the film, according to a “New York Times” article from the last day of 1987, is an almost verbatim reenactment of an Ivan Boesky speech. The line can so easily be blurred or forgotten when any party prioritises its own gains above the others.I was enthralled as the house of cards was built higher and higher than it was every designed to go, and it was exhilarating to watch the cards near the bottom removed one by one before the whole thing came tumbling down. This site has an archive of more than one thousand seven hundred interviews, or eight thousand book recommendations. The spasm of greed, insider trading and market manipulation that gripped Wall Street in the 1980s generated some of the biggest financial crimes ever committed. He now lives in New York City with his wife who, in her wedding vows, promised to \"kick serious zombie ass\" for him. One of the first official acts of the Reagan Justice Department was to drop the government's massive ten-year antitrust case against IBM.

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