Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off | 
 enlarge | Author: Gary Weiss
Publisher: Portfolio Trade
Category: Book
List Price: $14.95
Buy New: $5.26
You Save: $9.69 (65%)
New (28) Used (17) from $2.08
Rating:  15 reviews
Sales Rank: 66849
Media: Paperback
Number Of Items: 1
Pages: 320
Shipping Weight (lbs): 0.6
Dimensions (in): 8.4 x 5.4 x 1.1
ISBN: 1591841631
Dewey Decimal Number: 332
EAN: 9781591841630
ASIN: 1591841631
Publication Date: May 29, 2007
Availability: Usually ships in 1-2 business days
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Condition: 5 STAR CUSTOMER SERVICE! GREAT BOOKS, GREAT PRICES!
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Product Description
Gary Weiss, one of the business worlds most dogged investigative reporters, has written the definitive book about the dark side of Wall Streetnot just a few bad apples, but the whole rotten barrel.
This is the outrageous, riveting, darkly funny story of what really happens in every corner of the financial system: from Internet tip sites and boiler rooms, to fee-happy mutual funds and hedge funds, to the bluest of blue-chip securities firms. With vivid anecdotes and character studies, Wall Street Versus America will show you how investors are consistently victimizedwhile sleepy regulators, biased arbitrators, and the media all look the other way.
Youll learn, for instance, how respectable institutions such as Bear Stearns and Morgan Stanley push the ethical envelope, and how Washington, under both Democrats and Republicans, simply has not kept up with innovations in Wall Street greed.
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| Customer Reviews: Read 10 more reviews...
 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
3 out of 3 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)
"Bravo" from an ordinary investor January 8, 2007
2 out of 2 found this review helpful
I'm just an ordinary investor who has been feeling like a piece of bait for the securities industry- until now.
I applaud you for Wall Street Versus America. Reading it made me realize that my concerns and suspicions are valid and that I'm not alone. Not only that, it provided the beacon I need to have the confidence to be aggressive with my questions, bold with my actions and to never again blindly follow the "advice" of a broker and never again exist only to have my portfolio's mission priority be to fill a broker's pockets ahead of mine. I am lucky to have learned this before Wall Street had a chance to ruin me.
I was fortunate to retire with a pension lump sum. When I started looking into how to invest it, I found the brokerage industry to be like the Big Bad Wolf licking its chops, just waiting to brainwash me and take my money. So, I left my broker and found another, then I left the new one too. After that, I sold everything and put my money safely into Treasuries and Money Market funds so I could take all the time I needed to get my act together. Then, I found your book, bought it and read it carefully. Life changed. Thank you.
Oh yeah, I said your book enabled me to be "bold with my actions". By that, I mean that I have already written to my congressman and to the chairman of the SEC to demand that Arbitration be made optional. I'm expecting little in return, or maybe some polite "baloney" but I'm not backing off. This absolutely feels like swimming up a waterfall, but it's a start.
Great book.
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