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Author: Michael S. Rothberg
Publisher: AuthorHouse
ISBN: 1452022275
Category : Biography & Autobiography
Languages : en
Pages : 160
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Book Description
American Greed is both a personal and professional look at how greed caused the Great Recession in 2008.Leading up to this particular recession were steep declines in the housing market combined with the banking system sliding to the verge of collapse. Thenews of the day were full of stories about the mismanagement of risk at financial service companies who nevertheless paid out huge bonuses to executives, rewarding them for ruining their own companies. Americans were largely over-extended, with tremendous amounts of debt on charge cards and mortgages they couldnt afford, combined with rising unemployment, tightening credit and increasing expenses such as gasoline, electricity, and food. All of these elements made for the perfect economic storm. As an Investment Advisor Representative for MetLife since 1992, I have seen how greed has impacted peoples lives. I witnessed patterns of abuse, the inability of people to plan for anything financial or personal and in some cases situations of illegalities. By meeting with numerous people over a long period of time, I gained first hand exposure and bore witness to what was happening in a very unique and particular way. At the time I was writing this book, I had 1,300 clients and met with thousands of prospects over the years to assist them with retirement planning.
Author: Michael S. Rothberg
Publisher: AuthorHouse
ISBN: 1452022275
Category : Biography & Autobiography
Languages : en
Pages : 160
Get Book Here
Book Description
American Greed is both a personal and professional look at how greed caused the Great Recession in 2008.Leading up to this particular recession were steep declines in the housing market combined with the banking system sliding to the verge of collapse. Thenews of the day were full of stories about the mismanagement of risk at financial service companies who nevertheless paid out huge bonuses to executives, rewarding them for ruining their own companies. Americans were largely over-extended, with tremendous amounts of debt on charge cards and mortgages they couldnt afford, combined with rising unemployment, tightening credit and increasing expenses such as gasoline, electricity, and food. All of these elements made for the perfect economic storm. As an Investment Advisor Representative for MetLife since 1992, I have seen how greed has impacted peoples lives. I witnessed patterns of abuse, the inability of people to plan for anything financial or personal and in some cases situations of illegalities. By meeting with numerous people over a long period of time, I gained first hand exposure and bore witness to what was happening in a very unique and particular way. At the time I was writing this book, I had 1,300 clients and met with thousands of prospects over the years to assist them with retirement planning.
Author: Eliezer Nussbaum, MD
Publisher: AuthorHouse
ISBN: 1504963474
Category : Fiction
Languages : en
Pages : 160
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Book Description
Jonathan Campbell is dead. Jonathan was eight years old. He was a normal, healthy boyuntil the night he died of spinal meningitis in the Pediatric Intensive Care Unit. Jonathans death could have been prevented, if not for a string of events and choices that led to his untimely end. His doctor has blood on his hands . . . but hes not the only one. In the wake of Jonathans death, a firestorm is brewing, and at its bloody heart is Northwest Health Care, arguably the most powerful HMO in the United States. For Northwest, everything has a costincluding every life. If the cost of that life gets too high, theyll end it. But not if attorney-at-law Joe Sharp gets there first. American Greed is a story about profits, hypocrisy, and the killers in white coats.
Author: Stewart L. Weisman
Publisher: Syracuse University Press
ISBN: 9780815606109
Category : History
Languages : en
Pages : 408
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Book Description
More than just a tale of manipulated financial statements, counterfeit securities, sham transactions, and cyber fraud, this story is intertwined with personalities from among the rich and famous who were involved, in some fashion, such as Governor George Pataki, actress Debbie Reynolds, attorney F. Lee Bailey, and the former chairman of the SEC. In the largest pyramid scheme in American history, the Bennett Companies which even looted their own employee's pension fund, fleeced more than 12,000 investors, 10,000 trade creditors, and 245 banks and financial institutions, of more than $1 billion. A Ponzi scheme-named for Charles Ponzi, who enticed investors with promises of high returns to purchase worthless coupons in the 1920s- was taken to new heights in the 1990s by the Bennett Companies. Extensively documented, Need and Greed follows the human drama as a small-time scam grows exponentially into nationwide holdings of hotels, floating and fixed casinos, office buildings, shopping malls, and other investments. It also allows the reader a rare view into the inner workings of big-time crime, its prosecution, and subsequent civil litigation. Throughout the book, Weisman includes vignettes about hapless investors, portraits of the Bennetts and other key players, the corporate culture at Bennett Funding, and the trappings of the lush Bennett lifestyle.
Author: Saeed Fazeli
Publisher:
ISBN: 9780983177104
Category : Bankruptcy
Languages : en
Pages : 164
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Book Description
Fazeli, a victim of a ponzi scheme that robbed more than 50 people of more than $48 million dollars, details the scheme, how it was pulled off, and how he ultimately discovered and exposed it.
Author: Andrea Bernstein
Publisher: W. W. Norton & Company
ISBN: 1324001887
Category : Political Science
Languages : en
Pages : 496
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Book Description
An absorbing, novelistic, and powerfully affecting work of history and investigative journalism that tracks the unraveling of American democracy. In American Oligarchs, award-winning investigative journalist Andrea Bernstein tells the story of the Trump and Kushner families like never before. Building on her landmark reporting for the acclaimed podcast Trump, Inc. and The New Yorker, Bernstein brings to light new information about the families’ arrival as immigrants to America, their paths to success, and the business and personal lives of the president and his closest family members. Drawing on hundreds of interviews and more than one hundred thousand pages of documents, American Oligarchs details how the Trump and Kushner dynasties encouraged and profited from a system of corruption, dark money, and influence trading, and reveals the historical turning points and decisions?on taxation, regulation, white-collar crime, and campaign finance laws?that have brought us to where we are today. A new afterword examines how the two families’ transactional politics left America particularly vulnerable to the crises of 2020.
Author: Gerald Posner
Publisher: Simon and Schuster
ISBN: 1501152041
Category : Business & Economics
Languages : en
Pages : 816
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Book Description
Award-winning journalist and New York Times bestselling author Gerald Posner reveals the heroes and villains of the trillion-dollar-a-year pharmaceutical industry and delivers “a withering and encyclopedic indictment of a drug industry that often seems to prioritize profits over patients (The New York Times Book Review). Pharmaceutical breakthroughs such as antibiotics and vaccines rank among some of the greatest advancements in human history. Yet exorbitant prices for life-saving drugs, safety recalls affecting tens of millions of Americans, and soaring rates of addiction and overdose on prescription opioids have caused many to lose faith in drug companies. Now, Americans are demanding a national reckoning with a monolithic industry. “Gerald’s dogged reporting, sets Pharma apart from all books on this subject” (The Washington Standard) as we are introduced to brilliant scientists, incorruptible government regulators, and brave whistleblowers facing off against company executives often blinded by greed. A business that profits from treating ills can create far deadlier problems than it cures. Addictive products are part of the industry’s DNA, from the days when corner drugstores sold morphine, heroin, and cocaine, to the past two decades of dangerously overprescribed opioids. Pharma also uncovers the real story of the Sacklers, the family that became one of America’s wealthiest from the success of OxyContin, their blockbuster narcotic painkiller at the center of the opioid crisis. Relying on thousands of pages of government and corporate archives, dozens of hours of interviews with insiders, and previously classified FBI files, Posner exposes the secrets of the Sacklers’ rise to power—revelations that have long been buried under a byzantine web of interlocking companies with ever-changing names and hidden owners. The unexpected twists and turns of the Sackler family saga are told against the startling chronicle of a powerful industry that sits at the intersection of public health and profits. “Explosively, even addictively, readable” (Booklist, starred review), Pharma reveals how and why American drug companies have put earnings ahead of patients.
Author: Sarah Chayes
Publisher: Vintage
ISBN: 0525654860
Category : Political Science
Languages : en
Pages : 432
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Book Description
From the prizewinning journalist and internationally recognized expert on corruption in government networks throughout the world comes a major work that looks homeward to America, exploring the insidious, dangerous networks of corruption of our past, present, and precarious future. “If you want to save America, this might just be the most important book to read now." —Nancy MacLean, author of Democracy in Chains Sarah Chayes writes in her new book, that the United States is showing signs similar to some of the most corrupt countries in the world. Corruption, she argues, is an operating system of sophisticated networks in which government officials, key private-sector interests, and out-and-out criminals interweave. Their main objective: not to serve the public but to maximize returns for network members. In this unflinching exploration of corruption in America, Chayes exposes how corruption has thrived within our borders, from the titans of America's Gilded Age (Andrew Carnegie, John D. Rockefeller, J. P. Morgan, et al.) to the collapse of the stock market in 1929, the Great Depression, and FDR's New Deal; from Joe Kennedy's years of banking, bootlegging, machine politics, and pursuit of infinite wealth to the deregulation of the Reagan Revolution--undermining this nation's proud middle class and union members. She then brings us up to the present as she shines a light on the Clinton policies of political favors and personal enrichment and documents Trump's hydra-headed network of corruption, which aimed to systematically undo the Constitution and our laws. Ultimately and most importantly, Chayes reveals how corrupt systems are organized, how they enable bad actors to bend the rules so their crimes are covered legally, how they overtly determine the shape of our government, and how they affect all levels of society, especially when the corruption is overlooked and downplayed by the rich and well-educated.
Author: Michael S. Rothberg
Publisher: AuthorHouse
ISBN: 1452022267
Category :
Languages : en
Pages : 158
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Book Description
American Greed is both a personal and professional look at how greed caused the Great Recession in 2008.Leading up to this particular recession were steep declines in the housing market combined with the banking system sliding to the verge of collapse. The news of the day were full of stories about the mismanagement of risk at financial service companies who nevertheless paid out huge bonuses to executives, rewarding them for ruining their own companies. Americans were largely over-extended, with tremendous amounts of debt on charge cards and mortgages they couldn't afford, combined with rising unemployment, tightening credit and increasing expenses such as gasoline, electricity, and food. All of these elements made for the perfect economic storm. As an Investment Advisor Representative for MetLife since 1992, I have seen how greed has impacted people's lives. I witnessed patterns of abuse, the inability of people to plan for anything financial or personal and in some cases situations of illegalities. By meeting with numerous people over a long period of time, I gained first hand exposure and bore witness to what was happening in a very unique and particular way. At the time I was writing this book, I had 1,300 clients and met with thousands of prospects over the years to assist them with retirement planning.
Author: Jeff Madrick
Publisher: Vintage
ISBN: 1400075661
Category : Business & Economics
Languages : en
Pages : 482
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Book Description
A vivid history of the economics of greed told through the stories of those major figures primarily responsible. Age of Greed shows how the single-minded and selfish pursuit of immense personal wealth has been on the rise in the United States over the last forty years. Economic journalist Jeff Madrick tells this story through incisive profiles of the individuals responsible for this dramatic shift in our country’s fortunes, from the architects of the free-market economic philosophy (such as Milton Friedman and Alan Greenspan) to the politicians and businessmen (including Nixon, Reagan, Boesky, and Soros) who put it into practice. Their stories detail how a movement initially conceived as a moral battle for freedom instead brought about some of our nation's most pressing economic problems, including the intense economic inequity and instability America suffers from today. This is an indispensible guide to understanding the 1 percent.
Author: Matthew Robinson
Publisher: Rowman & Littlefield
ISBN: 9780742560703
Category : Psychology
Languages : en
Pages : 158
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Book Description
"Centered on the concept of "Maximization," Matthew B. Robinson and Dr. Daniel S. Murphy offer a new theory of elite deviance and corporate crime called contextual anomie/strain theory. Exploring how simultaneous use of legitimate (i.e., legal) and illegitimate (i.e., deviant or illegal) means of opportunity in pursuit of one's goals, Greed is Good explains various forms of elite deviance and corporate crime." "Contextual anomie/strain theory posits that although everyone in American society experiences stress and frustration association with American Dream, there are certain contexts in American society that produce even greater stress, frustration, and pressures toward crime. One such context is the corporate workplace. This book affirms how deviance and criminality have become normal in big business due to pressure to produce massive profits at the expense of all other considerations."--BOOK JACKET.
