Undue Influence: How the Wall Street Elite Puts the Financial System at Risk

UNDUE INFLUENCE

While the U.S. financial system has evolved since the 1920s, one thing has remained constant—Wall Street has always been a self-serving political force, sometimes at the expense of the overall economy and everyday investors.

Undue Influence shows how powerful institutions and individuals from Wall Street have manipulated, influenced, and outsmarted regulatory and legislative bodies so that they can focus on what Wall Street does best—making as much money as possible. From the Wall Street elite of the 1920s to today's global financial giants, financial historian Charles Geisst demonstrates how the regulatory system always seems a step behind the fast-moving, innovative power brokers of Wall Street. In revealing a financial system that continues to put its own interests ahead of the interests of the economy and investors, Geisst exposes the perils and weaknesses that underlie modern Wall Street.

Undue Influence is an important book that provides a valuable perspective on the relationship between America's financial and political elite. Investors, students of financial history, and anyone concerned about the health of our financial system will find Undue Influence a fascinating, informative, and sobering read.