Santa Claus Is Alive and Well and Living on Wall Street

Santa Claus Is Alive and Well and Living on Wall Street

4.11 - 1251 ratings - Source

Bruce Gauthier was strung along for years as a child and told to believe in Santa Claus. There were whispers about a big payout on Christmas Day, but really, ita€™s all just a lie. As an adult, he realized that those who tell you to rely on the stock market for retirement are just like the people who lie about the man in the big red suit. The only difference is that the stakes are much higher. Canada's national newspaper, The Globe and Mail, called the book one qof the yeara€™s best writing on personal finance, market behaviour and investing strategies.q The Globe's David Parkinson gave this review: qJust in time for Christmas comes a book that says having faith in financial markets to deliver your retirement security is as stupid as believing in Santa Claus. (Read it to the kids. Ita€™ll be a real eye-opener a€“ once they stop crying.) Toronto resident Bruce Gauthier is no financial expert a€“ just another regular Joe whose nest egg has floundered in the hands of the financial industry. Like the kid who found out therea€™s no Santa, he feels betrayed, lied to. At times hea€™s paranoid and irrational, seeing conspiracy theories all over the place. But beneath it all, there may be more truth here than most of us are comfortable admitting. His rants about regulatory oversight, stock options and short-selling are over the top, but they address some hard questions that maybe we all ought to be asking. Plus, ita€™s a strangely cathartic read a€“ I feel like hea€™s more than angry enough for the both of us. Santa Claus Is Alive and Well and Living on Wall Street is not for financiers, brokers, investment advisers, or anyone with access to inside information from Wall Street. Instead, ita€™s for the everyday worker who wants to protect their retirement the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve a€”a€œour partners in the government, a€ as Liddy put it with a shockingly casual matter -of-factness after the most recent bailout.25 ... but did you know that the securities industry has its own self-policing organization, the Financial Industry Regulatory anbsp;...

Title:Santa Claus Is Alive and Well and Living on Wall Street
Author:Bruce Gauthier
Publisher:iUniverse - 2011-07-20


You Must CONTINUE and create a free account to access unlimited downloads & streaming