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Cover Art
PRINTED BOOKS
Author Gasparino, Charles.

Title Blood on the street : the sensational inside story of how Wall Street analysts duped a generation of investors / Charles Gasparino.

Published New York : Wall Street Journal, 2005.

Copies

Location Call No. Status
 UniM Giblin Eunson  332.630973 GASP    AVAILABLE
Physical description 355 pages ; 24 cm
Bibliography Includes bibliographical references and index.
Summary "Blood on the Street is an 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 story of greed, arrogance, and corruption.".
"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 the pressures of her job and largely ignored it." "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 Eliot 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."--BOOK JACKET.
Subject Investment advisors -- United States.
Stockbrokers -- United States.
Investment analysis.
ISBN 0743250230 (alk. paper)