CHARLES GEISST – UNDUE INFLUENCE. HOW THE WALL STREET ELITE PUTS THE FINANCIAL SYSTEM AT RISK

A CRITICAL LOOK AT OVER 80 YEARS OF CONFLICT, COLLUSION, AND CORRUPTION BETWEEN FINANCIERS AND POLITICIANS

Undue Influence paints a vivid portrait of the dealings between members of Congress, the banking community, and the Fed, and sheds light on how radical new deregulatory measures could be introduced by unelected officials and foisted upon Congress in the name of progress. The background of the new financial elite is examined because they are markedly different than their predecessors. The financial elite has been able to perpetuate itself, how the markets lend themselves to these special interest groups, and how it is possible that after 80 years of financial regulation and regulatory bodies the same problems of financial malfeasance are still occurring. It’s not like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it’s like it The author of Wheels of Fortune, Deals of the Century, and Wall Street: A History and 100 Years of Wall Street is Charles R. Geisst. He worked in banking and finance on Wall Street and in London, as well as teaching political science and finance. His articles have appeared in a number of publications.

TABLE OF CONTENTS

INTRODUCTION 1

There was distrust of Wall Street in the 1920s.

Chapter Two deals with the assault on Wall Street.

The third chapter continues the assault.

Chapter Four is about three decades of slow change.

Chapter five deals with the Reagan years.

Chapter Six Deregulation took place in the 1990s.

Is deregulation working?

There is a bibliography.

Notes 295

Index 305

AUTHOR INFORMATION

Deals of the Century: Wall Street, Mergers, and the Making of Modern America is one of the fifteen books written by Charles R. GEISST. He taught both political science and finance while working at several investment banks in London. He has published trade articles in magazines and newspapers.

REVIEWS

There is an incisive explanation of various consiracy theories. The Gulf Business. May 2005)

The Glass-Steagall Act was passed in 1933 to prevent banks from taking on too much risk on the stock market. When gambling other people’s money on the stock market was considered the height of financial integrity, it was repealed. This is an engaging history of Glass-Steagall. A History of Wall Street. In the 70 years leading to this ideological sea change, the populist suspicion of Wall Street was replaced with the pro-business dogma of the Reagan era and the New Economy bubble. The formal repeal of Glass-Steagall was preceded by decades when big commercial banks were hungry for a slice of the lucrative investment banking business. The vast sums banks have spent on lobbying and campaign contributions, as well as the Wall Street jobs awaiting government officials who switch sides, make Geisst wonder if the gamekeepers and the poachers had all joined the same club. There is a guide to the financial issues involved and a colorful account of decades-long political debates and legislative wranglings. The year ends on Dec. (). Publishers Weekly. , November 15, 2004.

Undue Influence is the name of Charles Geisst. The financial system is put at risk by the Wall Street elite. The financial system is put at risk by the Wall Street elite. The financial system is put at risk by the Wall Street elite. The financial system is put at risk by the Wall Street elite. The financial system is put at risk by the Wall Street elite. The financial system is put at risk by the Wall Street elite.