| Description |
xii, 360 pages : illustrations (black and white) ; 24 cm |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
"Rigged financial markets and hopeless under-regulation on Wall Street are not new problems. In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades to get this fixed. Twenty-five years ago, Trimbath was working "backstage at Wall Street" when a group of corporate trust specialists told her about a problem in shareholder voting rights. When she went to senior management at Depository Trust Company (DTC), they brushed it off saying, "You cant balance the world." Ten years later, a lawyer from Texas would tell her that the same problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. This is a cautionary tale. What started as a regulatory failure turned into a regulatory crisis. Global financial markets may not survive what comes next."-- Amazon.com. |
| Subject |
Securities industry -- United States.
|
|
Wall Street (New York, N.Y.)
|
| ISBN |
9781910151341 |
|
1910151343 |
|
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