The Private Life of Public Finance

Download or read book The Private Life of Public Finance written by Mark T. Melio and published by Platform Press. This book was released on 2016-10-21 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The son of a steelworker from Pennsylvania tells the inside story, warts and all, of his career as a successful investment banker at two of the biggest, best-known, and most controversial firms in the world-Goldman Sachs and JPMorgan Chase-during a historic and turbulent period in US history. Mark Melio's personal anecdotes and observations illustrate the self-absorbed culture, hypocrisy, and rapacious practices of Wall Street's leading banks, how he bought into the fiction that "the customer always comes first," and how investment banks morphed from once-proud partnerships into predators in constant search of new ways to scalp clients. This is a rare glimpse by a thoughtful observer behind the scenes of an institution that built America's "new" economy and then nearly destroyed it.