Money, Murder, and Madness: A Banking Life
| Author | : | |
| Rating | : | 4.37 (811 Votes) |
| Asin | : | B00TQJ24J6 |
| Format Type | : | |
| Number of Pages | : | 487 Pages |
| Publish Date | : | 2016-01-30 |
| Language | : | English |
DESCRIPTION:
An Executive's View of the Banking Industry's Challenges D. Donovan Money, Murder, and Madness: A Banking Life at first glance seems to be yet another novel about banking issues, pinpointing common problems with banking regulation. With so many books on the subject on the market, it's initially hard to see the need for yet another; but Money, Murder, and Madness's difference is that it comes from an author who spent his career in the banking industry and who blends personal stories from that career with an analysis that adds a history of the American banking system.This . The entire book was interesting and surprisingly full of drama The entire book was interesting and surprisingly full of drama. I was unaware that a banker’s life could include death threats, political extortion, and a ringside seat on the avoidable destruction of trillions of dollars of wealth during the 2007-2008 financial crisis. In Cook’s eyes, there’s plenty of blame to go around for that financial crisis, and he points the bony finger of shame at politicians on both sides of the aisle, naming names of who made it inevitable that people not qua. Riveting and Englightening Mitzi in Maryland I loved this book. The part that I found most riveting was Cook's analyses of the financial meltdown resulting from the subprime mortgage disaster. Cook names names and explains the problems, misjudgments, greed, moral obliviousness, and general madness that led up to 2008 and continued afterwards. Chillingly, he points out that many of our leaders, by not remembering the past, seem on their way to repeating it.I wish all policy makers would read this book.
Cook makes a convincing case that the Clinton and Bush administrations and members of Congress, Democrats and Republicans, pursued an extreme affordable housing agenda that led to the failure of Fannie Mae and Freddie Mac.Readers will be shocked to learn how Fannie and Freddie officials rewarded themselves with huge salaries and bonuses through fraudulent bookkeeping and dishonest financial reporting. "Money, Murder, and Madness: A Banking Life is not just another book about the financial crisis. He explains why the conventional reporting is misleading or wrong. If Fannie and Freddie had not failed requiring a massive government intervention and the largest bailout in our history, it’s likely the crisis would have been avoided.Six years after the government takeover of Fannie and Freddie the taxpayers continue to own and heavily subsidize one of the largest companies in the world. Forrest Cook avoids impenetra
It also was the beginning of the evolution of electronic banking. South Shore was a highly regarded regional bank that covered a large territory from Boston to Rhode Island and Cape Cod. He served on the senior management committee and long range planning committee. . He was one of the senior officers who was instrumental in the transition of an old-line Boston bank to a more entrepreneurial organization. Cook graduated from Bowdoin College, was the class president in Rutgers University Stonier Graduate School of Banking, and was the class treasurer in Harvard Business School Advanced Management. He later served as president and chief executive officer of South Shore Bank in Quincy, Massachusetts. Cook experienced many changes in the banking world during his career, including the government dismantling of the residential mortgage market. South Shore
He served on the senior management committee and long range planning committee. Cook recommended State Street's entry into bank credit cards, which greatly expanded the bank's retail base and competitive position. He decided the story of banking and the housing collapse that led to the Financial Crisis needed to be told by someone who actually ran a large bank and mortgage company. Cook experienced many changes in the banking world during his career,