Chasing Goldman Sachs - How the Masters of the Universe Melted Wall Street Down…and Why They’ll Take Us to the Brink Again-logo

Chasing Goldman Sachs - How the Masters of the Universe Melted Wall Street Down…and Why They’ll Take Us to the Brink Again

Suzanne McGee

More Information

Description:

How did Wall Street become a self-serving and ultimately destructive profit machine that imploded? Wall Street's real job is to be our "financial utility"-good financial plumbers that funnel capital to companies so the economy can expand and create jobs and also provide the means for individual investors to build portfolios that will increase personal wealth. But Wall Street went haywire and became (in Jon Stewart's words) a "bizarro" place that lost touch with most of America. Suzanne McGee provides a penetrating and disturbing look at forces that have transformed Wall Street into a risk-taking behemoth that spun out of control and took the economy and millions of 401(k)s down with it. Primary among these forces was "Goldman Sachs envy." The demons that drove Richard Fuld of Lehman Brothers, Stanley O'Neil of Merrill Lynch, and the rest of Wall Street to ever-greater risk were perverse incentives and the illusion that they could make even more money than Goldman Sachs (where $11.6 billion in profits in 2007 led to an average bonus of $660,000). Firsthand reporting from veteran Wall Street journalist McGee provides riveting storytelling and a narrative that will grab both Wall Street insiders and people on "Main Street." She is the perfect guide through the labyrinth that is Wall Street, which now reaches from the actual street to Greenwich-based hedge funds, investment banks, venture capitalists in Silicon Valley, the futures pits of Chicago, and sovereign wealth funds.

Language:

English

Narrators:

Hillary Huber

Length:

13h 58m


Chapters

Free Sample

05:00

Chapter 1
Chapter 1

08:48


Chapter 2
Chapter 2

15:07


Chapter 3
Chapter 3

26:23


Chapter 4
Chapter 4

04:36


Chapter 5
Chapter 5

37:29


Chapter 6
Chapter 6

37:30


Chapter 7
Chapter 7

41:10


Chapter 8
Chapter 8

40:56


Chapter 9
Chapter 9

46:49


Chapter 10
Chapter 10

45:25


Chapter 11
Chapter 11

40:26


Chapter 12
Chapter 12

42:14


Chapter 13
Chapter 13

10:45


Chapter 14
Chapter 14

43:11


Chapter 15
Chapter 15

41:49


Chapter 16
Chapter 16

42:45


Chapter 17
Chapter 17

43:53


Chapter 18
Chapter 18

50:44


Chapter 19
Chapter 19

50:16


Chapter 20
Chapter 20

11:51


Chapter 21
Chapter 21

41:31


Chapter 22
Chapter 22

43:06


Chapter 23
Chapter 23

35:51


Chapter 24
Chapter 24

35:51