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Den of Thieves Paperback – September 1, 1992
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From Publishers Weekly
This 29-week PW bestseller, a QPB main selection, tells of the rise and fall during the 1980s of the biggest insider trading ring in Wall Street history. Updated in paperback. Photos.
Copyright 1992 Reed Business Information, Inc.
From Library Journal
Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine will long be remembered for the Wall Street insider trading scandals of the 1980s. Stewart, a Pulitzer Prize-winning Wall Street Jour nal reporter who covered the various scandals, has used his reportage as well as an exhaustive culling of court documents, testimony, and interviews with all of the participants to fashion an authoritative account of what happened. Stewart has done a thorough job in assembling the facts and has made connections that may surprise some readers. For example, Milken, the Drexel Burnham Lambert junk bond king who convinced many savings institutions and insurance companies to buy these bonds in large quantities, may have indirectly contributed not only to the bailout of various thrifts but also to the insolvency of some insurance companies. While this is a well-researched and highly readable work, there is such an abundance of financial details that a glossary of terms and related Wall Street jargon would have been helpful. This minor caveat aside, Stewart's contemporary morality tale is recommended for all business collections in public, special, and academic libraries. (Index not seen.) Previewed in Prepub Alert, LJ 5/15/91.
- Richard Drezen, Merrill Lynch Lib. , New York
Copyright 1991 Reed Business Information, Inc.
Top customer reviews
The details are intense and insightful. I found the profiles of the people involved most telling. Their mindsets and decisions and values say more about the challenges we face in a civil society than anything else.
2) What makes an extraordinary book? An extraordinary writer.
3) What makes an outstanding, unforgettable book? Both above.
I'm not really into stocks, bonds, buyouts, mergers and acquisitions etc... Actually, this subject was pretty boring in my MBA course. So, take my advice, save your money and read this book instead: you'll get an inside look, almost a hands-on experience, on how your investment bank manages your money, on how your stocks are really valued, and what your expert-advisor in savings & loans really thinks about you. Take some pills and have a good sleep afterwards - you'll need them...
At times it can get a bit confusing following all the characters. Stewart had to include all the individuals since they were all inter-connected. In the beginning of the book there is a list of major characters and their jobs. I wish there was a short paragraph on each of them also. One could always find earlier references to the individuals by looking in the complete index.
If you are interested in human nature, greed, history of financial markets or the 80's stock market boom, I highly recommend this book. Well researched and written!
A great addition to other books like Predator's Ball and Liar's Poker, which provide similar insights into Wall Street's garbage from the '80s.