Other People's Money: The Corporate Mugging Of America

Critical, independent voices are seldom found within the citadels of international finance. That's what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public. In this acclaimed exposé, named one of the best books of 2004 by The Economist, Barron's, Library Journal, and The Progressive, Prins provides firsthand details of day-to-day life in the financial leviathans. She demonstrates how deregulation led to recent fraudulent activities, resulting from the trashing of responsible corporate behavior rules, rather than solely unbridled greed. While the stock market prospered on false balance sheets, executives benefited and Congress looked on. The current state suggests a repeat scenario.