Going Public

My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis
CD - unabridged
Audio (7 discs)
Product Number: BN12154
Released: Aug 08, 2017
Business Term: Purchase
ISBN: #9781543639803
Narrator/s: Steven Roy Grimsley
Publisher: Brilliance Audio
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"The worst economic disaster since the Great Depression, the 2008 financial crisis sent the stock market into a free fall, destroyed businesses, and damaged millions of lives. Daily revelations about overly leveraged investment banks and endless scandals underscored the vulnerability of the country's financial system. Faced with critical failures, the Securities and Exchange Commission (SEC) had to shape up-but was the flawed agency capable of change? Enter Norm Champ. A Wall Street lawyer who wanted to help restore the health of the financial sector, Champ left a lucrative career at a hedge fund to join a shattered and shell-shocked SEC. Warned that his good intentions to make improvements could be met with resistance and outright hostility, he was undeterred in his decision to serve the country in its hour of need. In Going Public, Champ details his time spent as the Director of the Division of Investment Management and in other positions at the SEC. He offers a rare examination inside a major federal agency during a crisis, and his insights and accounts illuminate conditions in our economy today. His sharp dissection of the missteps of past financial policy and rule making based on so-called reform shows that buried under the noise of politics are signals that we are in danger of recreating the conditions for another crash. imultaneously accessible and insightful, Going Public provides: - A behind-the-scenes look at the SEC and the detrimental practices that allowed the agency to miss Bernie Madoff's malfeasance and other major scandals - Firsthand accounts of how players such as Ben Bernanke and Jack Lew battled to shape Wall Street and enact financial reforms - Details about narrowly averted financial disasters that were hidden from the world-including one that has never been made public - Critical recommendations for policy changes that will create healthy, free-functioning markets and help Americans better prepare for the inevitable next crisis Champ offers a vision of change to strengthen the U.S. financial system and make it the world's most vibrant market with commonsense regulation. Central to his argument is increasing the financial literacy of all Americans to help them save and invest for their goals. "

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