Den of Thieves

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And while the main villains here - Michael Milken and Ivan Boesky - have faded off the public radar, their philosophical descendants at Enron, Tyco and Adelphia remind investors that greed and market manipulation will never go out of style. Not ashamed to say this tale of Michael Milken's 1980s junk-bond shenanigans was one of the more entertaining books I have ever read. To access your ebook(s) after purchasing, you can download the free Glose app or read instantly on your browser by logging into Glose.

It isn't long before they find themselves kneeling before Jean-Francois (J-F) Thiland, the king of the Parisian thieves. But they failed, thanks to the sometimes heroic efforts of underpaid, overworked government lawyers who devoted much of their careers to uncovering the scandal, especially Charles Carberry and Bruce Baird, in the Manhattan U. Wall Street has shown itself peculiarly susceptible to the notion, refined by Milken and Boesky and their allies, that reward need not be accompanied by risk. While he admitted to wrong doing in this initial sentencing, he’s since distanced himself from that admission.

With all the scandal tarnishing the financial system I have always wondered if there is an inherently corrupting force in anything which can lavishly reward the most extreme personal greed or if it is a question of the regulators catching up with the financiers. But that knowledge was used against the SEC by the business media (and others who had been guilty of the same insider trading) as a way to focus attention away from themselves and to make the SEC look bad, paving the way for future emasculation of the agency, already underfunded. Some are so uncomfortable that they get out of the scheme on their own, some cry over the money they can't bring themselves to stop taking, and of course some just think they are God's gift to the financial world. Reading this book is kind of like visiting a place for the first time after hearing glowing reviews from your friends. Because of this, many of the servants and actors have to leave and find work elsewhere, including Cat.

The books' main narrative largely covers an even more exciting one for this reader: the tension and relationships between the criminals and those charged with ensuring they pay for the damage they've caused.

So, we get a bit of a different experience from a true crime or crime fiction work, but it still keeps some of that drama; ultimately, it all comes down to greed and thoughtlessness, like a lot of crime. When she arrives she notices Billy has become considerably richer, as he has a vast jewel collection, a large gentleman's house with good-quality furniture and expensive clothes. Another time the two of them went into the tomb of an ancient warrior race, and Croy accidentally started a barbarian invasion.