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In Bed With Wall Street: How Bankers, Regulators And Politicians Conspire To Cripple Our Global Economy

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The 2008 financial crisis brought the US to its knees, and spawned nationwide protests against the lack of regulation facing Wall Street. But the average American still fails to grasp what was―and still is―happening: that the inmates continue to run the asylum. Doyle has been tracking this story for years, and exposes here how Wall Street, politicians, and regulators themselves have conspired for personal and industry-wide gains while failing to protect investors, consumers, and the American public. He details the corrupt nature of the financial police, who are little more than meter maids imposing fines that amount to nothing more than a slap on the wrist.Doyle exposes the revolving door of Wall Street, wherein the regulators are all former or future employees of the firms they're tasked with overseeing, and how they routinely serve the interests of the industry itself rather than protecting investors and markets. Recent bombshells―such as multi-billion dollar trading losses at JP Morgan, the manipulation of interest rates via the LIBOR scandal, and money laundering with drug cartels and rogue nations such as Iran―are symptomatic of this corrosive culture and the lack of trust in the system. As the big banks fight to avoid real reforms that would protect the economy, this book is a timely, important, and shocking look inside the Washington-Wall Street conspiracy crippling America and the global economy.

Paperback: 240 pages

Publisher: St. Martin's Griffin; F First Edition edition (July 21, 2015)

Language: English

ISBN-10: 1137279923

ISBN-13: 978-1137279927

Product Dimensions: 5.7 x 0.7 x 8.8 inches

Shipping Weight: 12.8 ounces (View shipping rates and policies)

Average Customer Review: 4.7 out of 5 stars  See all reviews (49 customer reviews)

Best Sellers Rank: #1,119,029 in Books (See Top 100 in Books) #139 in Books > Business & Money > Industries > Financial Services #247 in Books > Biographies & Memoirs > True Crime > White Collar Crime #734 in Books > Business & Money > Economics > Money & Monetary Policy

As a regular reader of Larry Doyle's blog Sense on Cents, I could not help but share what people are saying about his book, In Bed With Wall Street: The Conspiracy Crippling Our Global Economy. As Larry has helped educate the public over the past five years using his blog as a vehicle to deliver his message, Larry once again, in plain English, helps to deliver a message that many in the main stream media refuse to address. If you like Larry’s blog you are going to love his book. It is a must read for every American. Well done Larry.The new book by Larry Doyle could be called a “must read”. This reviewer would go even farther and say it should be required reading for every single American.–I am extremely impressed with the depth of research that went into this book. Larry Doyle is uniquely qualified and prepared to write this book. And the result is a masterpiece!--This book will clarify many things for which you may have had an incomplete picture. It will give another example of the old saw: You couldn’t make stuff like this up.– . . . a blistering account of the way that a “conspiracy” between Washington and Wall Street has lined the pockets of the richest financial services firms at the expense of average Joes.–What is fortunate is this book is eminently readable. It reads like a novel while unfolding page after page of crony capitalism, regulatory capture, outright agency fraud (both within government and the financial industry as well) and abuse of the investing public.–With great intensity, Doyle focuses on a little-known self-regulator called the Financial Industry Regulatory Authority.

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