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Overview
Product Details
ISBN-13: | 9780143034674 |
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Publisher: | Penguin Publishing Group |
Publication date: | 12/28/2004 |
Edition description: | Reprint |
Pages: | 288 |
Sales rank: | 849,697 |
Product dimensions: | 5.30(w) x 8.00(h) x 0.64(d) |
Age Range: | 18 - 17 Years |
About the Author
Read an Excerpt
In the 1970s, a candidate for president advanced the novel proposition that the money in the Social Security system should be funneled into, of all places, the stock market. The candidate’s name was Ronald Reagan. The incumbent president, Gerald Ford, had a good deal of fun with this evidently zany proposition. “I am not sure a lot of people would think it was a very good place to invest funds over the longer period of time,” Ford declared. His advisers had no trouble tarring the idea as kooky. The president likened it to “something dragged out of the sky.” If not certifiably alien, then it might even be—perish the thought—an example of “wild-eyed socialism,” which was no doubt something worse.
(Continues…)
Excerpted from "Origins of the Crash"
by .
Copyright © 2004 Roger Lowenstein.
Excerpted by permission of Penguin Publishing Group.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.
Table of Contents
Acknowledgments | ix | |
1 | Origins of a Culture | 1 |
2 | Early Nineties--A Culture Is Rich | 15 |
3 | Enlightenment Gets out of Hand | 35 |
4 | Number Games | 55 |
5 | Doormen at Noon | 79 |
6 | New Economy, Old Errors | 101 |
7 | Enron | 127 |
8 | Bankrupt | 157 |
9 | Year of the Locusts | 189 |
10 | Epilogue | 217 |
Notes | 227 | |
Index | 259 |
What People are Saying About This
Roger Lowenstein's writings have helped change the culture of America's executive suites and board rooms. His investigative talent and narrative skills make Origins of the Crash a compelling and fascinating read.
SEC Chairman 1993-2001, and author of Take On the Street: What Wall Street and Corporate American Don't Want You to Know
"The perfect epitaph to an era of monumental avarice and folly on Wall Street. This is financial history at its best." —Ron Chernow
"A crucial account of an era of excess and folly...riveting...will only seem fresher with time." —BusinessWeek
Roger Lowenstein has delivered the perfect epitaph to an era of
monumental avarice and folly on Wall Street. Origins of the Crash presents
a chilling portrait of the collective lunacy and moral blindness that
afflicted the stock market in the late 1990s. With swift, deft strokes,
Lowenstein conjures up a rogues' gallery of corporate charlatans, craven
accountants and lawyers, and complicit investment bankers that is
guaranteed to make your blood boil, your mind race, and your soul recoil.
This is financial history at its very best: knowing in its exposure of
business trickery, sure in its grasp of market psychology, and eloquent in
its fierce, but often poignant, sense of indignation. As newsboys bleated
from every street corner after the 1929 Crash, 'Read it and weep.
author of The House of Morgan and Titan and the upcoming
Penguin Press title, Alexander Hamilton