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Naked, Short and Greedy
Naked, Short and Greedy

Naked, Short and Greedy

Wall Street's Failure to Deliver

BUSINESS & ECONOMICS

372 Pages, 6.25 x 9.25

Formats: Trade Paper, PDF

Trade Paper, $39.95 (US $39.95) (CA $49.00)

Publication Date: January 2020

ISBN 9781910151341

Rights: US & CA

Spiramus Press (Jan 2020)

Price: $39.95
 
 

Overview

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.

Author Biography

Susanne Trimbath, Ph.D. is business instructor for Cochise College in southeastern Arizona.