Wall Street
Subtitle: how it works and for whom
By: Doug Henwood
Publisher: Verso
Published: 1997
Place of publication: London; New York
Language: eng
Number of pages: 372
ISBN-13: 9780860914952
Subjects: Wall Street; Stockbrokers; Börsenhandel; Securities industry; Effectenbeurzen; Industrie et commerce; Stock Exchange; Valeurs mobilières; Agents de change; New York Stock Exchange
Description: With compelling clarity, Henwood dissects the world's greatest financial center, laying open the Intricacies of how, and for whom, the market works. The Wall Street which emerges is not a pretty sight. Hidden from public view, the markets are poorly regulated, badly managed, chronically myopic and often corrupt. And though, as Henwood reveals, their activity contributes almost nothing to the real economy where goods are made and jobs created, they nevertheless wield enormous power. With over a trillion dollars a day crossing the wires between the world's banks, Wall Street and its sister financial centers don't just influence government, effectively they are the government.
Notes: Includes bibliographical references (p. 333-355) and index.
Table of contents: title: 1. Instruments; title: 2. Players; title: 3. Ensemble; title: 4. Market models; title: 5. Renegades; title: 6. Governance; title: 7. What is (not) to be done?