How Money Became Dangerous (New)

  • ebook
  • null
  • How Money Became Dangerous
  • Christopher Varelas
  • English
  • 09 October 2019
  • 9780062684776

Christopher Varelas Ë 1 SUMMARY

Christopher Varelas Ë 1 SUMMARY SUMMARY å How Money Became Dangerous O change in the eighties as our financial systems became increasingly complex moving beyond the understanding of the general public while impacting our lives in innumerable ways The financial world began to feel like an enigma a rogue force working against us seemingly controlled by no oneFrom an industry veteran who’s had firsthand involvement in the events that shaped modern money How Money Became Dangerous journeys from the crime ridden LA jewelry district to the cutthroat Salomon B. Christopher Varelas takes us on a journey through his financial career that started out well actually in Disney World which seems kind of appropriate to many sectors of the financial kingdom and all of its fierce and sometimes scary species His first venture begins in clerical nature at a BofA in Orange county CA and rapidly progresses to a wide variety of financial experiencesHis first big step is on completion of college and of course Wharton School Hmmm isn t there a politician out of there associated with this place That credential is one of the keys and literally a key on what he elaborates on which is access The ticket to Wall Street where the mover and shaker financial heavyweights play the game He runs through various positions and on to MA and finally wraps up with municipal finances back once again in California with the spectacular meltdown of the infamous but probably forgotten Orange county debacleThough the books slogs along at times and I stifled many yawns it does succeed in getting some very important messages across of the pitfalls and perils of our exotic and yes dangerous at times financial system There are too many aspects to go into here and there many but two central themes that surfaced again and again were exploitation and accountabilityIn brief exploitation in financials is shown to be rampant and we kind of know that as it pops up in the news almost weekly it seems The system is designed to foster this condition as the human beings pulling strings to enrich themselves are very much in control and will probably always be working their angles Accountability seems nearly negligible as the paltry slaps on the hand in way of penalty makes it seem almost uite worthwhile A lot of those bad guys still walk walkway with bulging pockets of cash The housing meltdown fabricated by this industry a good example of this Who paid the price Not the bank executives But ultimately the little people on the side streets all over this country who took the brunt of the backlash of this insidious plotVarelas wraps up the book with the traditional what should be done finale to offer his recommendations on measures and solutions to correct some of these evils I snickered at some of them like self regulation within the industry Of course put the fox in charge to see the hen house to make sure it is properly secured But he also had some constructive things to say Like how about some good educational programs implemented right in the high schools to give our young people starting out a fighting chance in dealing with the financial beast they will encounter again and again Practical education what a conceptAs much as I found the book a bit slow and memoir in nature there are numerous insights into what goes on behind the scenes and backrooms that make it worthwhile for anyone curious about the mysteries behind what so influences everything from paychecks to political pacs The Deranged Cousins or Whatever lives in innumerable ways The financial world began to feel Intuición like an enigma a rogue force working against us seemingly controlled by no oneFrom an industry veteran who’s had firsthand involvement in the events that shaped modern money How Money Became Dangerous journeys from the crime ridden LA jewelry district to the cutthroat Salomon B. Christopher Varelas takes us on a journey through his financial career that started out well actually in Disney World which seems kind of appropriate to many sectors of the financial kingdom and all of its fierce and sometimes scary species His first venture begins in clerical nature at a BofA in Orange county CA and rapidly progresses to a wide variety of financial experiencesHis first big step is on completion of college and of course Wharton School Hmmm isn t there a politician out of there associated with this place That credential is one of the keys and How Money Became Dangerous literally a key on what he elaborates on which is access The ticket to Wall Street where the mover and shaker financial heavyweights play the game He runs through various positions and on to MA and finally wraps up with municipal finances back once again in California with the spectacular meltdown of the infamous but probably forgotten Orange county debacleThough the books slogs along at times and I stifled many yawns it does succeed in getting some very important messages across of the pitfalls and perils of our exotic and yes dangerous at times financial system There are too many aspects to go into here and there many but two central themes that surfaced again and again were exploitation and accountabilityIn brief exploitation in financials is shown to be rampant and we kind of know that as it pops up in the news almost weekly it seems The system is designed to foster this condition as the human beings pulling strings to enrich themselves are very much in control and will probably always be working their angles Accountability seems nearly negligible as the paltry slaps on the hand in way of penalty makes it seem almost uite worthwhile A Windburn lot of those bad guys still walk walkway with bulging pockets of cash The housing meltdown fabricated by this industry a good example of this Who paid the price Not the bank executives But ultimately the Knights vs Dinosaurs like self regulation within the industry Of course put the fox in charge to see the hen house to make sure it is properly secured But he also had some constructive things to say Like how about some good educational programs implemented right in the high schools to give our young people starting out a fighting chance in dealing with the financial beast they will encounter again and again Practical education what a conceptAs much as I found the book a bit slow and memoir in nature there are numerous insights into what goes on behind the scenes and backrooms that make it worthwhile for anyone curious about the mysteries behind what so influences everything from paychecks to political pacs

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How Money Became Dangerous

Christopher Varelas Ë 1 SUMMARY SUMMARY å How Money Became Dangerous From a veteran of the trade a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system how money became our adversary and why finding a new course is crucial to a healthy societyIn the not too distant past money was simple You might have had a bank account and a mortgage perhaps some basic investments Wall Street didn’t have a reputation for greed and recklessness That all started t. 4 StarsA book about rich people money and there dirty games I lost interest in mid way but somehow drifted to the end Heroism Begins with Her Inspiring Stories of Bold Brave and Gutsy Women in the US Military light on the rise of our threatening and complicated financial system how money became our adversary and why finding a new course is crucial to a healthy societyIn the not too distant past money was simple You might have had a bank account and a mortgage perhaps some basic investments Wall Street didn’t have a reputation for greed and recklessness That all started t. 4 StarsA book about rich people money and there dirty games I Buried Mountain Secrets lost interest in mid way but somehow drifted to the end

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Christopher Varelas Ë 1 SUMMARY SUMMARY å How Money Became Dangerous Rothers trading floor from the high stakes world of investment banking to the center of the technology boom capturing the key deals developments and players that made the financial world what it is today The book illuminates the dark hidden forces of Wall Street and how it has dehumanized and left behind everyday Americans A fresh and enlightening take on how we reached this point How Money Became Dangerous also makes the case for why Wall Street needs to be saved if only to save ourselv. I was expecting something different Like a former Wall Street geek talking data and formal insights on how trading works but this is a fun read filled with anecdotes and tales of deals gone sour rule breaking with some greed jealousy thrown in A fun tale that is a bit harrowing and hopeful but one wonders is this how are financials are supposed to work Can they withstand the morass of misdeeds and miscreants TBD good read even a summer read on the shores of Long Island a long way from Wall Street and Capitol Hill The Deranged Cousins or Whatever left behind everyday Americans A fresh and enlightening take on how we reached this point How Money Became Dangerous also makes the case for why Wall Street needs to be saved if only to save ourselv. I was expecting something different Like a former Wall Street geek talking data and formal insights on how trading works but this is a fun read filled with anecdotes and tales of deals gone sour rule breaking with some greed jealousy thrown in A fun tale that is a bit harrowing and hopeful but one wonders is this how are financials are supposed to work Can they withstand the morass of misdeeds and miscreants TBD good read even a summer read on the shores of Long Island a Intuición long way from Wall Street and Capitol Hill