Naked, Short and Greedy : Wall Street's Failure to Deliver (9781910151341)

Rigged financial markets and hopeless under-regulation on Wall Street are not new problems. In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades to get this fixed. Twenty-five years ago, Trimbath was working "backstage at Wall Street" when a group of corporate trust specialists told her about a problem in shareholder voting rights. When she went to senior management at Depository Trust Company (DTC), they brushed it off saying, "You can't balance the world." Ten years later, a lawyer from Texas would tell her that the same problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. This is a cautionary tale. What started as a regulatory failure turned into a regulatory crisis. Global financial markets may not survive what comes next.

Product details

• Format Paperback | 372 pages
• Dimensions 156 x 234 x 25.4mm | 657.71g
• Publication date 21 Jan 2020
• Publisher Spiramus Press
• Publication City/Country London, United Kingdom
• Language English
• ISBN10 1910151343
• ISBN13 9781910151341
• Bestsellers rank 1,390,040

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