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| Wall Street Versus America: The Rampant Greed and Dishonesty That Imperil Your Investments | 
 enlarge | Author: Gary Weiss
Publisher: Portfolio Hardcover
Category: Book
List Price: $24.95
Buy New: $8.02
You Save: $16.93 (68%)
New (7) Used (9) from $4.95
Avg. Customer Rating:  16 reviews
Format: Bargain Price
Media: Hardcover
Number Of Items: 1
Pages: 320
Shipping Weight (lbs): 1.1
Dimensions (in): 8.9 x 6.1 x 1.2
Dewey Decimal Number: 364.163
Publication Date: April 6, 2006
Availability: Usually ships in 1-2 business days
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Product Description
A shocking appraisal that shows how Wall Street is intrinsically corruptand what individual investors can do to protect themselves
For several years high-profile corporate wrongdoers have been vilified by the media. Yet the problem, according to Gary Weiss, is not just a few isolated instances of malfeasance. The problem is in the very fabric of Wall Street and its practices that enable and even encourage corruptionpractices that are so pervasive and so difficult to combat that they are in effect perfect crimes, with the small investor left holding the bag. In this blistering report from the front, Weiss describes how the ethos of Mafia chophouses, boiler rooms, and penny stock peddlers now permeates all of Wall Street. Protected from investor lawsuits by laughably corrupt arbitration systems, Wall Street firms are free to fleece unsuspecting clients with little or no risk. But as this empowering book shows, ordinary investors can fight back and come out on topif they learn to recognize warning signs, filter media chatter, and spot looming corporate meltdowns in advance. Prepare to be surprised, get angry, and then get even. Wall Street Versus America is a wild ride you cant afford to miss.
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| Customer Reviews: Read 11 more reviews...
 This book is outdated based on 2008 and Wall Street December 15, 2008
1 out of 4 found this review helpful
Since the great collapse of wealth in this country and around the world in the last year and having gone through two "bubbles" in less than 10 years (internet and housing) I was hoping to learn more about how Wall Street works. Although Weiss has a dry sense of humor about the tragedy we are all undergoing, he only foucuses on a few aspects of Wall Street..mutual funds, short selling, hedge funds, Grasso's pay and a fleeting moment on the internet bubble. Fast forward to 2008 where we have been choked to death by the underbelly of Wall Street and the big financial institutons, this book is basically outdated. Surley he understood the corruption withing the large Wall Street financial banks yet other than the sidebar about Randy Groves loosing to Merrill Lynch...ok this is where I get a bit confused, what part of the TARP are they hidding under? As Warren Buffet says, "you will know who is swimming naked when the tide goes out." The tide is out and we almost know who is swimming naked and then Madoof actually was going around pulling the suits off of people. It is really hard to keep up and learn how Wall Street is screwing main street. Have to wait for the next shoe to drop. One good thing about the book is his description of short selling using the borrow a book from the library analogy. Now that I got. The rest is obvious and history.
 Now I know... November 9, 2008
1 out of 1 found this review helpful
I am only about 3/4 the way through this book, but had I read it a few years ago, I probably wouldn't have stock investments and wouldn't have seen my retirement funds go down the tube as they have.
 Wall Street Versus America October 28, 2008
1 out of 1 found this review helpful
The book was in mint condition, well price and delivered promptly. I definitely recommend the seller to anyone interested in trustworthy sellers. I would not hesitate to buy another book from this seller.
If you're a small investor, this book will make you cry. July 8, 2008
8 out of 8 found this review helpful
I recently received a small inheritance, and bought this book for some suggestions on what to do with it. After reading this scathing account of how careless, and frequently criminal, Wall Street is with investors' money, I think the best thing to do with it is stuff it in a pillow case and throw it in the closet.
I looked at other reviews here to see if anyone in the know disputed any of Gary Weiss' claims, and, alarmingly, no one did. A former Business Week columnist, Weiss definitely appears to know his subject, and, more importantly, he adopts a tone that makes the book readable for a complete layman like myself. Though his style may occasionally come off as glib as facetious, he presents a view of Wall Street you are not going to get anywhere else, packed with information that pesents the world of investment as nothing more than an Old Boy's Club that simply doesn't care at all about you.
Brief list of things I learned from reading this book: The regulation and punishment of criminals on Wall Street is usually done by the very people committing the fraud, hedge funds don't behave any differently with your money than any other investors, boiler room scams are alive and well (not hounded out of existence by the SEC, as I believed) and "punishments" meted out for criminal behavior by the SEC usually consist of being asked nicely to stop it.
I can't recommend this book enough to anyone considering investing. I'm very glad I got it when I did. A Must Read!
This is required reading for anyone owning stocks December 13, 2007
1 out of 2 found this review helpful
I was hired to co-author a book on the stock market, and initially was skeptical of the claims made by my client about Wall Street. However, when I began doing research, it was "Wall St. Versus America" that made me take notice and realize that we are being manipulated by a group of people who addicted to accumulating wealth without remorse.
Weiss' makes a powerful and well-documented case that there is a powerful group of Wall St. execs, CEO's, government officials, Congress and the financial press that band together to protect their own investment. Weiss also points out that the regulatory commissions are toothless, and we are generally unaware of how this affects our daily lives.
Hopefully, when my book, "Crazyman's Economics" comes out in early '08, it will be another in a series of warnings to 'fly-over country' that Wall St. is not after your best interests. (www.crazymanseconomics.blogspot.com)
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