Gonzo Wall Street by Richard E. Farley - ISBN: 9781682451984
Hardcover
1960s Wall Street corruption: the bailout precedent that haunts us today.

Gonzo Wall Street

RIOTS, RADICALS, RACISM AND REVOLUTION: How the Go-Go Bankers of the 1960s Crashed the Financial System and Bamboozled Washington

$55.00

  • Hardcover

    400 pages

  • Release Date

    3 November 2022

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Summary

The long-hidden history of how corrupt Wall Street investment banks in the 1960s held Congress over a barrel and secured an outrageous taxpayer-funded bailout for their customer debts—and how little Congress and the SEC received in return. This event set the precedent for the bailouts of the 2008 Financial Crisis and subsequent Wall Street bailouts.

This story of corruption and financial malfeasance unfolds throughout the tumultuous 1960s, during the administrations of Kennedy, Johnso…

Book Details

ISBN-13:9781682451984
ISBN-10:1682451984
Author:Richard E. Farley
Publisher:Regan Arts
Imprint:Regan Arts
Format:Hardcover
Number of Pages:400
Release Date:3 November 2022
Weight:602g
Dimensions:237mm x 166mm
What They're Saying

Critics Review

“Fascinating, frightening, and all too familiar. Perfectly documents how the old guard of lax regulation, 1960s go-go Wall Street—an era where there was more larceny per square foot than any place on earth—crashed the system, then slyly hustled a bailout from Washington. Today, there is a new Wall Street Club. Same game. Different player.” – William D. Cohan * journalist and author of The Last Tycoons, House of Cards, Money and Power, and The Price of Silence *
Gonzo Wall Street, indeed! A brilliant, historic account of financial incompetence and malfeasance. Urgent reading with critical lessons for today. – Douglas E. Schoen * author of The End of Democracy and co-author of America: Unite or Die *
“Farley tells a compelling, amazingly colorful story about the great financial battles that shaped public life in the 1930s and the financial institutions that both protect and imperil us now. Along with fresh details about familiar figures like FDR, Huey Long, and Joseph Kennedy, we meet several characters nearly lost to history who are more fascinating than any we have today.” – Jonathan Alter * bestselling author of The Defining Moment: FDR’s Hundred Days and the Triumph of Hope *
“Richard E. Farley combines several things not often found in the same author: knowledge of the financial markets, then and now; a very good understanding of how Congress operated in the 1930s—and to a great extent still does; and a knack for writing about complex subjects in an interesting way. The result is a book which enlightens and entertains on a subject which has become as relevant as it was eighty years ago.” – Barney Frank, former US Representative
“Richard Farley has written a comprehensive and entertaining account of the battles with Wall Street during the Depression that gave birth to the FDIC, the SEC, and the basic depositor and investor protections that we too often take for granted today. The conflicts and combatants chronicled in Wall Street Wars are similar in so many ways to those we fought during and after the 2008 Financial Crisis. This is required reading for a true understanding of why our financial system has come to work the way it does, and why we must be ever-vigilant to maintain these hard-fought protections.” – Shelia Bair, former US FDIC Chairperson

About The Author

Richard E. Farley

Richard E. Farley is an attorney in New York City. He is the author of the critically-acclaimed books Wall Street Wars: The Epic Battles with Washington that Created the Modern Financial System and Gonzo Wall Street – How the Go-Go Bankers of the 1960s Crashed the Financial System and Bamboozled Washington. His writing has appeared in the New York Times, the Wall Street Journal, Financial Times, and other publications. He is the recipient of Bloomberg BNA’s Burton Award for Legal Achievement for exceptional legal writing.

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