Exile on Wall Street
- One Analyst's Fight to Save the Big Banks from Themselves
- Narrated by: Dennis Holland
- Length: 6 hrs and 37 mins
- Unabridged Audiobook
- Release date: 15-11-11
- Language: English
- Publisher: Audible Studios
Award-winning veteran sell side Wall Street analyst Mike Mayo writes about one of the biggest financial and political issues of our time - the role of finance and banks in the US. He has worked at six Wall Street firms, analyzing banks and protesting against bad practices for two decades. In Exile on Wall Street, Mayo:
Lays out practices that have diminished capitalism and the banking sector
Shares his battle scars from calling truth to power at some of the largest banks in the world and how he survived challenging the status quo to be credited as one of the few who saw the crisis coming
Blows the lid off the true inner workings of the big banks and shows the ways in which Wall Street is just as bad today as it was pre-crash
Analyzes the fallout stemming from the market crash, pointing out the numerous holes that still exist in the system, and offers practical solutions
While it provides an education, this is no textbook. It is an invaluable resource for finance practitioners and citizens alike.
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Customer ReviewsMost Helpful
By Philo on 16-12-11
This is the first audiobook (of dozens) I have bailed out on, mid-book. I expected to hear something useful about the craft of analyzing banks, the dynamics of their business situations, etc. About halfway through, what I HAVE heard is endless recitations of the author's resentments, outsider complex, self-justifications, and petty career moves. I KNOW many bank execs are willing to bend the truth as far as they feel they can get away with, in pursuit of their bonuses. So far I haven't heard one new bit of information. The worst business books drone on like extended resumes, and this is one of them. Assuming the content is true, I can respect the author as an honest guy with some backbone. That doesn't make him a good writer, storyteller or explainer. The narrator is good, at least.
2 of 2 people found this review helpful
By M on 01-07-12
Timely, informative, illuminating
Where does Exile on Wall Street rank among all the audiobooks you’ve listened to so far?
This was an easy listen and a great way to get some historical perspective and background on the banking crisis.
What was your reaction to the ending? (No spoilers please!)
"Okay, now I have a better sense of how the huge mess happened, and also why we have not really begun to clean it up yet."
What do you think the narrator could have done better?
The narrator was easy to follow; it's very easy to listen to this book.
If you were to make a film of this book, what would be the tag line be?
Still Standing: Mike Mayo Survives Banks and Vampire Squid Attacks
Any additional comments?
Useful background in a coming-of-age context. Mayo's personal history merged with the sense of America in the 1980s and 1990s, explaining changes in banking and finance that happened during that period. Mayo comes across as a guy who honestly cared about the investors he was supposed to be advising.
1 of 1 people found this review helpful