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The Megabanks Mess (Kindle Single) by [Allison, Herbert M.]
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The Megabanks Mess (Kindle Single) Kindle Edition

3.5 out of 5 stars 16 customer reviews

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Kindle, May 17, 2011

Length: 48 pages Enhanced Typesetting: Enabled Page Flip: Enabled

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Editorial Reviews

Amazon.com Review

In late 2008, every major American bank would have failed if not for the assistance of the federal government. And yet today banks still act with the same single-minded pursuit of profit that fueled the great recession. In this Kindle Single, Herbert Allison, former president of a Wall Street investment bank, reveals how America’s largest banks put their own interests above their client’s interest, how they quietly siphon half of an individual’s long-term savings, how they mine client information and convert it into profits through trading and advising activities, and how their business models periodically jeopardize their own survival while imposing huge losses on clients, shareholders, and the public. Allison also offers an 11-point plan to fix our banks. His common-sense solutions are sure to enrage bank leaders, while his exposure of bank business practices may leave readers with a certain disdain for megabanks. --Paul Diamond

Product details

  • File Size: 269 KB
  • Print Length: 48 pages
  • Publication Date: May 17, 2011
  • Language: English
  • ASIN: B0051GQX1I
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Not Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #997,410 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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