Den of Thieves

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For Levine, the experience only reinforced his view that without extraordinary measures, he was never going to realize his grand ambitions. It was shameful how Ivan Boesky was hailed by business magazines and university departments as some kind of business genius.

It's almost like Stewart felt that he was writing a book so that history could look back and find everything it needed to know about the Junk Bond era; he overpacked it with so much information that it's almost numbing to read it. Stewart makes their activities as clear as possible, explaining how the seemingly benign sweetheart deals the bankers arranged for each other fit into their larger plans. The little details that are included, like a “bunny with a good nose” make the story vivid and authentic. The spasm of greed, insider trading and market manipulation that gripped Wall Street in the 1980s generated some of the biggest financial crimes ever committed. Unfortunately for him, the officials working at the bank where he kept his money – the Swiss Bank Leu – noticed that he traded on insider information.It's new to you, to a degree, and you feel social pressure to remain upbeat and engaged even as you hit snags of disappointment. Boeskey and the SEC knew that once Boeskey’s inditement became public knowledge, that the market would crash. Why would men who were already so rich and powerful feel the need to steal to become even more rich and powerful? g. presents the latest findings in a topical field and is written by a renowned expert but lacks a bit in style.

With the right kinds of deals, they can make or break whole companies, either allowing small companies to become powerful behemoths or destroying smaller businesses with complex debt schemes. Defendant after defendant in ’80s insider-trading cases wondered why he was being singled out for prosecution. Stewart manages to turn an account of the arcane market manipulation that led to the 1987 crash into a page-turner with all the suspense of a detective novel. Another thing that makes the book interesting is how long and complex the legal issues took to work out. Stewart touches on the ethical bounds of which Michael Milken and insider trading giants on Wall Street neglected, which has defined the structure of capitalism as it is today.Author Stewart asks in his Epilogue, could something similar to the Boesky, Levine, Seigel, and Milken insider trading ever happen again. Aside from greed, what makes financial skulduggery possible is that few people really understand money. That was fine, as it turns out the average reader does not need to know the terms and the ins and outs of Wall Street to thoroughly enjoy a story of lying, deceit, greed, arrogance, and incompetence.

Read more about the condition Very Good: A book that has been read and does not look new, but is in excellent condition.There are many wrinkles and organizations, including many private firms, individuals, the US Justice Department, and the SEC. Milken comes off as a truly broken person who was never completely connected to reality in the same way most of us are.