Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors

Charles Gasparino

You are here: Home - Uncategorized - Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors


Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors

Blood on the Street The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors Blood on the Street is a riveting account of the Wall Street scam in which ordinary investors lost literally billions of dollars in many cases their life savings in one of the greatest deceptions ever

  • Title: Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors
  • Author: Charles Gasparino
  • ISBN: 9780743250238
  • Page: 135
  • Format: Hardcover
  • Blood on the Street is a riveting account of the Wall Street scam in which ordinary investors lost literally billions of dollars in many cases their life savings in one of the greatest deceptions ever, by the crack reporter who broke the original story.In one of the most outrageous examples of dirty dealing in the history of Wall Street, hundreds of millions of dol Blood on the Street is a riveting account of the Wall Street scam in which ordinary investors lost literally billions of dollars in many cases their life savings in one of the greatest deceptions ever, by the crack reporter who broke the original story.In one of the most outrageous examples of dirty dealing in the history of Wall Street, hundreds of millions of dollars in illicit profits were made during the booming 1990s as a result of research analysts issuing positive stock ratings on companies that kicked back investment banking business Now, for the first time, award winning journalist Charles Gasparino reveals the whole fascinating story of greed, arrogance, and corruption.It was Gasparino s front page reporting in The Wall Street Journal that brought the story to national attention and spurred New York State attorney general Eliot Spitzer to launch an official probe Now, Gasparino goes behind his own headlines to tell the inside story of this spectacular swindle with revelations from his unprecedented access to never before published depositions and documents, including e mail exchanges leading all the way up to Citigroup CEO Sanford Weill.Drawing on his research and interviews with industry insiders, Gasparino takes readers into the back rooms of Wall Street s top investment firms and captures the outsize personalities of three key players Salomon Smith Barney s Jack Grubman, a braggart with one of the largest salaries on Wall Street Merrill Lynch s Henry Blodget, the Yale graduate who hyped his way to the top of the research pyramid and Morgan Stanley s Mary Meeker, the Queen of the Internet, who foresaw the market catastrophe but gave in to thepressures Blood on the Street shows how regulators, like former SEC chairman Arthur Levitt, allowed the deceptive practices to fester and grow during the 1990s bubble, leaving the door open for a then little known attorney general from New York State to step in and make his mark by holding Wall Street accountable.Gasparino provides the first major account of Spitzer s rise to prominence, detailing how the attorney general pursued key players to build his case against Wall Street, including his shifting allegiance to the powerful New York Stock Exchange chairman Richard Grasso.A fast paced narrative rich in sharp insights, Blood on the Street is the definitive book on the financial debacle that affected millions of Americans.

    • [PDF] Download ✓ Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors | by Þ Charles Gasparino
      135 Charles Gasparino
    • thumbnail Title: [PDF] Download ✓ Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors | by Þ Charles Gasparino
      Posted by:Charles Gasparino
      Published :2018-05-12T00:21:51+00:00

    One thought on “Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors

    1. Karena Reiter on said:

      This book should be required reading in all schools. It illustrates how a new 'players' keep coming to the table who figure out how to rig the game a different way. It has happened numerous times before and will keep happening again. It's ALREADY happened again with the housing crisis of 2008, one year before the fine imposed on the banks for the RESEARCH scandal ended (in 2009).

    2. James on said:

      I've read a number of books about crime and disaster on Wall street,this is probably the best. It was written in 2005 so it doesn't have anything about the recent debacle, but the sickening thing is that all the wall st. banks that were ripping people off during the dot com bubble were at it again during the sub prime bubble!!! The government would have done us a great favor if they'd let all of them go bust.Goldman, merrill, BOA, citicorp, credit suisse, Morgan and the others, didn't change the [...]

    3. Barry Martin Vass on said:

      This is about the technology stock crash of 2000, and the resulting meltdown of NASDAQ. Part of the problem was that stock market "Analysts" were analyzing (hyping) their own company's stock offerings during IPO's (Initial Public Offerings) just to increase their brokerage's and their own wealth. The book goes on to detail the actions of three analysts - Henry Blodget of Merrill Lynch, Mary Meeker at Morgan Stanley, and Jack Grubman of Salomon Smith Barney (Citigroup). There is so much wealth in [...]

    4. Harland on said:

      Great book on the dot-com meltdown. It highlights how most of Wall Street is a machine built for a singular purpose: extracting as much money as they can from anyone they deem the sucker (which, seems to be the ordinary investor in a lot of cases).It's sickening to see this theme replay itself in 2007-2008 with the subprime meltdown and the conflicts of interest in the whole mortgage securitization chain.

    5. Haider Hussain on said:

      One helluva read!!!! Book takes us beyond the dot bubble of 90s and tells how investment bankers and research analysts, completely disregarding chinese wall, teamed up together to push tech stocks and win investment banking deals. And this was all happening right under the nose of a dumb SEC. Great peice of investigative journalism. Highly recommended!!!!

    6. Stuart on said:

      "A great read about the Wall Street excesses regarding compromised research on Internet and technology companies told in easy-to-follow terms. Puts a lot of the excessive exuberance about IT companies in perspective and is especially interesting for those who lived through it."

    7. Matt on said:

      An ok summary of some of the most influential analysts on Wall Street and how they used their stock ratings to secure deals for their respective investment banks.

    8. Amy on said:

      This was a great book. It got me very interested in my own investments and the way I look at and go about investing. Not only that but it is an entertaining read.

    Leave a Reply

    Your email address will not be published. Required fields are marked *