Econintersect: Occasional Global Economic Intersection contributor Larry Doyle will have his new book hitting the bookstore shelves 07 January 2014. “In Bed with Wall Street” is a hard hitting report from a Wall Street insider disclosing details about how shocking conditions have infected the financial system and, in words from the pre-announcement for the book, created a “Washington-Wall Street conspiracy” that is “crippling America and the global economy“. Readers of Doyle’s posts at GEI will know of his incisive criticism of the lack of regulatory integrity in the financial services industry, in securities trading and banking. The book is being published by Palgrave Macmillan and can be pre-ordered by clicking on the book image.
Here is the summary of the book from Macmillan:
In Bed with Wall Street, exposes the revolving door of Wall Street, wherein the regulators are all former or future employees of the very firms they’re tasked with overseeing, and how they routinely serve the interests of the industry itself rather than protecting investors, markets, consumers, and the American taxpayer. Recent bombshells – such as multi-billion dollar trading losses at JP Morgan Chase, the manipulation of interest rates via the LIBOR scandal, and money laundering with North American drug cartels and rogue nations such as Iran – are symptomatic of this corrosive culture and the lack of trust and confidence in the system.
As the big banks fight tooth and nail to avoid real reforms that would protect the economy, In Bed with Wall Street is a timely, important, and shocking look inside the Washington-Wall Street conspiracy crippling America and the global economy.
Two early review comments:
In his new book, Larry Doyle serves as an expert guide down the deep, dark canyons of our financial crisis. Holding well-needed light to Wall Street and Washington, Larry’s book pulls no punches. In Bed with Wall Street is required reading in any honest attempt to understand how our financial system failed.
– David P. Weber, Former Assistant Inspector General for Investigations of the U.S. Securities and Exchange Commission, and SEC Whistleblower
Not only does Larry Doyle have years of Wall Street experience that make him an essential observer of the world of finance but he also has something that very few commentators of the scene have: An extraordinarily high-level of honor and integrity. The combination makes Larry Doyle’s new book a must read!
– William D. Cohan, author of House of Cards