Thieves of Bay Street investigates Canada's biggest financial scandals of recent years. Readers will learn what banks do with investors' money and what happens when they lose it. They will meet the bogus investment gurus, the brokers who lose money with both reckless abandon and impunity, the bankers who squander money in toxic investments, the lawyers who protect them and the regulators who do nothing to keep them from doing it again. And most importantly, they'll meet the victims who are demanding that our vaunted banking sector finally come clean on its dirtiest secret.
Record details
ISBN:9780307359643 (pbk.)
ISBN:0307359638 (hc.)
ISBN:9780307359636 (hc.)
Physical Description:313 p. ; 24 cm. print
Publisher:Toronto : Random House Canada, c2012.
Content descriptions
Bibliography, etc. Note:
Includes bibliographical references (p. 262-298) and index.
Formatted Contents Note:
Making out like bandits -- Rise of Bay Street, death of Main Street -- Pillaging Stelco -- Plundering Nortel -- How to corrupt a stock market -- Pauperism by a thousand cults -- Brokers gone wild : a rogues' gallery -- Bankers behaving badly -- Subprime horror : the Canadian connection -- Tales from the crypt : the rise of shadow banking -- The ghost thief -- Ponzi schemata -- No help in sight -- The enablers -- Kissing cousins : the regulators -- Not to be trusted.
Random House, Inc. A newsmaking exposé about why Canada's financial industry is a haven for fraud.
Beneath the veneer of stability that saw Canada's banking sector through the financial crash of 2008, investigative reporter Bruce Livesey has uncovered a rampant failure of epidemic proportions. Though no large financial institution has recently gone bust in this country, white-collar criminals, scam artists, Ponzi schemers and organized crime, from the Hells Angels to the Russian mafia, know that Canada is the place in the Western world to rip off investors. And the fraudsters do so with little fear of being caught and punished. Thieves of Bay Streetinvestigates Canada's biggest financial scandals of recent years. Readers will learn what banks do with investors' money and what happens when they lose it. They will meet the bogus investment gurus, the brokers who lose money with both reckless abandon and impunity, the bankers who squander money in toxic investments, the lawyers who protect them and the regulators who do nothing to keep them from doing it again. And most importantly, they'll meet the victims who are demanding that our vaunted banking sector finally come clean on its dirtiest secret.