By Philip Augar
Early within the new millennium the funding banks have been on their knees. overwhelmed by way of the growth and bust of the dot.com bubble, combined up in company scandals and accused of out of control and rampant clash of curiosity, the sport appeared over for the masters of the universe. Then the get better got here. New principles, gives you to be extra vigilant and emerging markets took the warmth off. Having discovered their lesson and paid their dues, the funding banks should be relied upon to grease the wheels of capitalism during this better of all attainable worlds.
Philip Augar's slicing critique demanding situations this consensus. by way of having the ability to act concurrently for purchasers, and themselves, they could generate large returns at their customers' cost. This e-book explains how this systematic and felony move of wealth happens and solutions a few very important questions. Do the funding banks upload price via their recommendation? Is there a cartel? Are there any possible choices? what's going to take place subsequent?
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Additional resources for The Greed Merchants: How the Investment Banks Played the Free Market Game
Looking back on the last hundred years such changes can be seen very clearly in our culture – for example, not only in the area of social welfare and care for the aged but also in the whole ﬁeld of family laws. Many regulations which nowadays are regarded as universalistic norms as a matter of course would until recently have been judged as an undue intrusion of the state into 20 Hartmut Schweitzer the privacy and therefore would have been rejected as unacceptable – for example, the laws concerning violence in a marriage or laws concerning paternal rights over children.
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The Greed Merchants: How the Investment Banks Played the Free Market Game by Philip Augar