Posted 20 hours ago

Den of Thieves

ZTS2023's avatar
Shared by
Joined in 2023

About this deal

During this crime wave, the ownership of entire corporations changed hands, often forcibly, at a clip never before witnessed. But they failed, thanks to the sometimes heroic efforts of underpaid, overworked government lawyers who devoted much of their careers to uncovering the scandal, especially Charles Carberry and Bruce Baird, in the Manhattan U. To access your ebook(s) after purchasing, you can download the free Glose app or read instantly on your browser by logging into Glose.

But it's still a great story of how this sort of crime becomes so tempting, so easy to commit, and so hard to root out. James Stewart is a modern-day muckraking journalist, covering everything from malpractice to fraud and law. The first half gets pretty long and detailed about the deals, and there are a lot of characters to keep track of.

This site uses cookies to deliver our services, improve performance, for analytics, and (if not signed in) for advertising. Household names—Carnation, Beatrice, General Foods, Diamond Shamrock—vanished in takeovers that spawned criminal activity and violations of the securities laws. He gives you a great sense of the culture and lack of true oversight that led to what was at the time, the biggest Wall Street scandal since the '29 crash. During the decade ending in 1990, Lipper Analytical Services reported, money invested in the average junk-bond fund grew 145%. I like the introductions on how the major investment houses started, and the roles of the Investment bankers, traders, lawyers, arbitragers etc.

Charlie has done a fair amount of stumbling around herself, but tends to find her way back to the northeast US. The code of silence that allowed crime to take root and flourish on Wall Street, even within some of the richest and most respected institutions, continues to protect many of the guilty. Stewart achieves this dramatic clarity by neatly dividing his book into two sections: one on the crime of insider trading and the other on the punishment. One can see in Den of Thieves that the Drexel company culture of "what's in it for me" triumphed over sacrifice for "the good of the company.He led the investigators to Martin Siegel, a Harvard graduate and respected investment banker, and Ivan Boesky, a Wall Street arbitrageur.

Stewart shows for the first time how four of the eighties biggest names on Wall Street-Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine-created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of Americas most expensive lawyers to bring this powerful quartet to justice. The two survive many more struggles - the Avon family being arrested, Cat being kidnapped by J-F's lifelong enemy and several little problems in between. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites.Not ashamed to say this tale of Michael Milken's 1980s junk-bond shenanigans was one of the more entertaining books I have ever read.

This book lays out all of the insider trading securities laws violations that were so prevalent in the 1980's.

But if this is not you, and you just want a non-tome that cuts more straightforwardly, stick with Barbarians at the Gate, or a summary, or even some articles detailing everything.

Asda Great Deal

Free UK shipping. 15 day free returns.
Community Updates
*So you can easily identify outgoing links on our site, we've marked them with an "*" symbol. Links on our site are monetised, but this never affects which deals get posted. Find more info in our FAQs and About Us page.
New Comment