Barbarians of Wealth by Sandy Franks
Protecting Yourself from Today's Financial Attilas (Agora Series)

No critic rating

Waiting for minimum critic reviews

See Reader Rating

Synopsis

How the actions of a few in Europe destroyed the prosperity of the many (and how it's happening again now in America)

After the fall of the Roman Empire, vicious barbaric tribes including the Hunds lead by Atilla, the Mongols, Charlemagne and the Vikings invaded Europe, plundering property and destroying homes. But, they didn't just steal and destroy property in the villages; they also stole and destroyed any prosperity the villagers had previously enjoyed. What's worse is the barbarians of the Dark Ages did all of this not out of any deeply held religious or political belief, but, rather, for the oldest reason in the book – their own personal financial gain. Some things never change.

Barbarians of Wealth examines how the greedy, self-serving decisions of a select group of politicians and financial institutions negatively impacts the economy and, ultimately, destroys America's prosperity and the American way of life. Compelling and engaging, the book
Details how Goldman Sachs peddled mortgage backed securities up and down Wall Street while secretly betting against their demiseDiscusses how Sanford Weill, founder of Citigroup spent $100 million lobbying for the repeal of the Glass-Steagall Act that prevented the merger of commercial and investment banks and got his way.Examines Christopher Dodd, head of the U.S. Senate Banking Committee, has enriched himself while driving down the prosperity of his constituentsOffers up examples of other modern barbarians, including the Federal Reserve, Alan Greenspan, Hank Paulson, and Timothy Geithner.Highlights greed driven tactics of Wall Street corporations including JP Morgan, Merrill Lynch, and Salomon Brothers.

Barbarians of Wealth is a timely must read for hard-working Americans concerned with their prosperity, as well as for those fascinated with the inner workings of Washington and Wall Street.

 

About Sandy Franks

See more books from this Author
SANDY FRANKS is Executive Publisher of the Taipan Publishing Group and Editor of Taipan Insider. With an editorial focus on delivering market analysis, financial insight, and investment ideas, Taipan Publishing Group offers a unique and powerful combination of services and resources in print and on the Web.SARA NUNNALLY is Research Director of the Taipan Publishing Group and coeditor of Smart Investing Daily. She publishes her research finding in investment research reports, in-depth investment videos, blog updates, and the essential Smart Investing Daily communiqué.
 
Published November 23, 2010 by Wiley. 453 pages
Genres: Business & Economics. Non-fiction

Reader Rating for Barbarians of Wealth
77%

An aggregated and normalized score based on 14 user ratings from iDreamBooks & iTunes


Rate this book!

Add Review