Book description
An insider points out the holes that still exist on Wall Street and
in the banking system
Exile on Wall Street is a gripping read for anyone with an
interest in business and finance, U. S. capitalism, the future of
banking, and the root causes of the financial meltdown.
Award winning, veteran sell side Wall Street analyst Mike Mayo writes
about one of the biggest financial and political issues of our time -
the role of finance and banks in the US. He has worked at six Wall
Street firms, analyzing banks and protesting against bad practices for
two decades.
In Exile on Wall Street, Mayo:
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Lays out practices that have diminished capitalism and the
banking sector
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Shares his battle scars from calling truth to power at some
of the largest banks in the world and how he survived
challenging the status quo to be credited as one of the few who
saw the crisis coming
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Blows the lid off the true inner workings of the big banks
and shows the ways in which Wall Street is just as bad today as
it was pre-crash.
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Analyzes the fallout stemming from the market crash, pointing
out the numerous holes that still exist in the system, and
offers practical solutions.
While it provides an education, this is no textbook. It is also an
invaluable resource for finance practitioners and citizens alike.
Mike Mayo is one of the top-ranked banking and
finance analysts of the past twenty years. Mayo was the only analyst
to testify during Senate Banking Committee hearings in 2002 on
conflicts of interest on Wall Street, and in 2010, he testified again,
this time as the first analyst to speak on the causes of the crisis.
He has worked at Wall Street firms including UBS, Lehman Brothers,
Credit Suisse, Prudential Securities, and Deutsche Bank. He currently
serves as Managing Director at Credit Agricole Securities, which
provides services in the United States for CLSA, a global boutique
brokerage firm. In 2008, Fortune named him one of "Eight Who Saw
the Crisis Coming."
