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The End of Wall Street Paperback – Bargain Price, March 29, 2011
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Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
Top Customer Reviews
This 298-page book begins with a list of its cast of characters that's over eight pages long. However, many of them--like Ben Bernanke, Warren Buffett, Jamie Dimon, Barney Frank, Timothy Geintner, Alan Greenspan, Larry Summers and others--hardly need an introduction. Lowenstein accurately tells the reader than it wasn't so much what followed the Lehman Brothers failure that was most important, but what preceded it.Read more ›
The book had a hero: John Meriwether, the brilliant bond trading manager who assembled a team of financial whizkids and Nobel prize winners. John Meriwether gained a measure of fame in Michael Lewis' book Liar's Poker, where he is described by Lewis as a Salomon Brothers fixed income guru and master of Liar's Poker, a game of bluff involving the guessing of numbers on hundred dollar bills which came to define the money culture of Wall Street at that time. Meriwether had grown up a bit by the time he created LTCM, but When Genius Failed retained the youthful energy that made trading floors sound like a college students' lounge, brimming with practical jokes and laughter. Greed and arrogance were tempered by team spirit and irreverence.
By contrast, The End of Wall Street is a story of cynicism and abuse, deception and fraud. The youthful enthusiasm is gone, and all is left are the cold calculating strategies of consenting adults bent on abusing each other. In Lowenstein's rendition, Meriwether was a modern Icarus, who burned his wings by trying to reach the sun. In The End of Wall Street, the book's hero is a modern Cassandra who regularly warns his contemporaries on upcoming catastrophy.Read more ›
Most Recent Customer Reviews
Lowenstein describes the people and the actions taken which led up to the financial crisis, and then describes how Wall Street, the banks, and regulators responded. Read morePublished 29 days ago by AU
Very detailed and well documented account of what happened. Even if you paid attention from 2005 - 2010, you will still learn something or at least gain perspective from this book. Read morePublished 8 months ago by Amazon Customer
Get a first hand view of just how the world of high finance is manipulating the essence and truth of capitalism.Published 13 months ago by Advocacybz
This is an excellent narrative with many interesting details of the events leading up to, the economic environment in which the meltdown of 2007-2009 took place, the key events in... Read morePublished 13 months ago by Erwin C. Pantel
I did not take any economics courses in college so when the subject is applied to current political, cultural occurrences, I feel frustratingly removed. Mr. Read morePublished 17 months ago by TommyO
Well written and referenced summing up of the crisis we still live through. I watched it take place from the front row as a trader myself,and it was interesting to go back 5-6... Read morePublished 19 months ago by Torbjorn Vik
The stock market as it used to be known was corrupted by greed. Whether it can be restored to health is debatable. Read morePublished on March 30, 2014 by S. M. Owens
In parallel universes, the plea in the 1939 movie to "Pay no attention to that man behind the curtain! Read morePublished on November 7, 2013 by Candace Drimmer