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Wizards of Wall Street: & Washington Lap Dogs; The Scam That Elected Barack Obama: The Economic Crisis Paperback – July 15, 2009
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Then I come across some information online about a new book by Zubi Diamond entitled "Wizards of Wall Street & Washington Lap dogs; The Scam That Elected Barak Obama. Diamond writes that President Obama is not aware that the crash was caused by financial advisors who have close access to the White House.
As I read a few more pages I learn that the author believes a group of highly-placed and influential hedge-fund conspirators convinced the SEC to eliminate safeguards that were in place since 1938 to prevent the stock market from crashing. One the SEC safeguards were gone, the conspirators engineered the near-collapse of our economic system. Diamond identifies George Soros as the mastermind of this effort.
This excerpt from the book is a good summary of what Diamond things of short-sellers: "Hedge Fund short sellers do not want price appreciation or increase in value, they only want and have an expectation of a future price decline and decrease in value leading to the destruction of the companies. Hedge Fund short sellers are not investors; they are masquerading as investors, they are the proverbial wolves in sheep's clothing; they are the financial market looters, selling what they never owned and stealing what they never owned, because that is what short selling allows them to do.Read more ›
Not terribly professional in editing but still very informative. Gives you a good starting point to figure the whole scheme out!
It asked questions that Members Of Congress should be asking the Hedge Traders. Like where did the 13 Trillion dollars go? Did it vanish into Thin Air. Why did the book written by Milton Friedman, which explained the rules that are in place and necessary to prevent another Depression, seems to have been used, to repeal these very laws; of course, those countries that keep the old system did not go through the Stock Market fall. And what is more interesting, the re-introduction of the laws and rules that existed, have not been re-instated as laws, so the American Stock Market is still vulnerable to a rigged Wall Street Casino. Note that Canada did not change the rules and had no DEPRESSION like we did, but we call it a Recession, which does not fit the definition. Only one prominent American Economist has called it a Depression. Germany did not follow Obama's order and SPEND YOURSELF INTO PROSPERITY; what ever happened to the concept of spend yourself into debt. Furthermore, Banks should not gamble with Depositors money, be able to keep the profits, and the losses are born by the taxpayer via the
FDIC. Other books, like David Horowitz's book, The Shadow Party also says similar things and corroborates this book Wizards of Wall Street. However, Horowitz's book was written in 2006 and foretold the events of 2008. These two books sum it up very well. If you have time, read Confessions of an Economic Hit Man and Hoodwinked, both by John Perkins. The hair on your head will stand up.
Most Recent Customer Reviews
I am glad someone has the courage to tell the truth by writing this book and clearly explaining what caused the economic collapse, and offers the correct solution to fix the... Read morePublished on January 5, 2011 by Amanda Clark
This should be the #1 book for guidance to full economic recovery in America. After reading this informative book, I now understand what caused the economic crisis. Read morePublished on November 21, 2010 by LoveBooks
This may be the worst book (101 pages) ever written on the planet. Redundant and filled with grammatical errors.
This "book" is a pitiful attempt at communication.... Read more