An insider points out the holes that still exist on Wall Street
and in the banking system
Exile on Wall Street is a gripping read for anyone with
an interest in business and finance, U.S. capitalism, the future of
banking, and the root causes of the financial meltdown.
Award winning, veteran sell side Wall Street analyst Mike Mayo
writes about one of the biggest financial and political issues of
our time – the role of finance and banks in the US. He has
worked at six Wall Street firms, analyzing banks and protesting
against bad practices for two decades.
In Exile on Wall Street, Mayo:
* Lays out practices that have diminished capitalism and the
banking sector
* Shares his battle scars from calling truth to power at some of
the largest banks in the world and how he survived challenging the
status quo to be credited as one of the few who saw the crisis
coming
* Blows the lid off the true inner workings of the big banks and
shows the ways in which Wall Street is just as bad today as it was
pre-crash.
* Analyzes the fallout stemming from the market crash, pointing
out the numerous holes that still exist in the system, and offers
practical solutions.
While it provides an education, this is no textbook. It is also
an invaluable resource for finance practitioners and citizens
alike.
Innehållsförteckning
Introduction Watering Down the Wine 1
Chapter 1 ’God’s Work’ at the Fed 9
Chapter 2 The Big Time–or Something Like It 25
Chapter 3 Exile and Redemption 45
Chapter 4 The Professional Gets Personal 67
Chapter 5 The Crisis 81
Chapter 6 The Vortex 97
Chapter 7 Citi, Part I: A Long, Sad Saga 111
Chapter 8 Citi, Part II: The Plot Sickens 131
Chapter 9 A Better Version of Capitalism 145
Chapter 10 The Meaning of Life 165
Acknowledgments 177
About the Author 179
Notes 181
Index 193
Om författaren
MIKE MAYO is one of the top-ranked banking and finance analysts of the past twenty years. Mayo was the only analyst to testify during Senate Banking Committee hearings in 2002 on conflicts of interest on Wall Street, and in 2010, he testified again, this time as the first analyst to speak on the causes of the crisis. He has worked at Wall Street firms including UBS, Lehman Brothers, Credit Suisse, Prudential Securities, and Deutsche Bank. He currently serves as Managing Director at Credit Agricole Securities, which provides services in the United States for CLSA, a global boutique brokerage firm. In 2008, Fortune named him one of ’Eight Who Saw the Crisis Coming.’