This timely book answers complex and perplexing questions raised by
Wall Street's role in the financial crisis. What are the economic
and moral connections between Wall Street and the overall economy?
How did we arrive at this point in history where our most powerful
financial institutions thwart rather than promote free markets,
prosperity and even social cohesion? Can the fractured relationship
between Wall Street and Main Street be repaired? Wall Street Values
chronicles the transformation of Wall Street's business model from
serving clients to proprietary trading and explains how this shift
undermined the ethical foundations of the modern financial
industry. Michael A. Santoro and Ronald J. Strauss argue that
post-millennial Wall Street is not only 'too big to fail' but also
a threat to the economy even when it succeeds.
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