Blood in the Streets | Book by Dion Baia | Official Publisher Page | Simon & Schuster
Drawing on his research and interviews with industry insiders, Gasparino takes readers into the back rooms of Wall Street's top investment firms and captures the outsize personalities of three key players: Salomon Smith Barney's Jack Grubman, a braggart with one of the largest salaries on Wall Street; Merrill Lynch's Henry Blodget, the Yale graduate who hyped his way to the top of the research pyramid; and Morgan Stanley's Mary Meeker, the "Queen of the Internet," who foresaw the market catastrophe but gave in to the pressures Blood on the Street shows how regulators, like former SEC chairman Arthur Levitt, allowed the deceptive practices to fester and grow during the s bubble, leaving the door open for a then- little-known attorney general from New York State to step in and make his mark by holding Wall Street accountable.
Gasparino provides the first major account of Spitzer's rise to prominence, detailing how the attorney general pursued key players to build his case against Wall Street, including his shifting allegiance to the powerful New York Stock Exchange chairman Richard Grasso.
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A fast-paced narrative rich in sharp insights, Blood on the Street is the definitive book on the financial debacle that affected millions of Americans. Charles Gasparino is a senior writer at Newsweek magazine. Gasparino was nominated for the Pulitzer Prize in beat reporting in and won the New York Press Club award for best continuing coverage of the Wall Street research scandals.
Actor James Cromwell Says 'Blood in the Streets' Quote Taken Out of Context
He lives with his wife in New York City. The drop, while it does not look dramatic because of the tremendous jump about percent shortly thereafter, was actually nearly 10 percent with an almost immediate recovery. The total drop was also the largest drop in bitcoin history in percentage terms at The next peak, in April was even more dramatic, with a jump of perecent depending on what one chooses as the starting point. Stunningly, the next valley was put in two days later. For those of you who, as I, lived through this, you will remember that this sudden spike and drop were directly related to the Cyprus debt crisis.
Good fuel for another article, but too much to address here. Again, depending on what one chooses as a baseline, the drop here was about 20 perecent.
It should also be noted that this drop may be viewed as a double or even triple bottom, but as it was put in over a very short period of time, the analysis still holds. This is now the fourth largest drop in BTC history, having just been displaced by the current one. The next peak was later that same year, in November.
This peak is a bit of an anomaly for two reasons: The next valley was just over one year later, in January This time the drop was about 15 percent and was very clear.
When There’s Blood in the Street (Why It’s Not Quite Time to Be Long Crypto)
The total peak-to-valley drop, at The final peak, and almost certainly the best known, was in December of last year. This was roughly a 12 percent peak and was extremely clear. Finally, we look at the current price chart. TV by the Numbers.
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