And of course in light of what's happened since then, the bad behavior of Mike Milken and Ivan Boesky seems relatively benign compared to the actions that led to 2008 It's a very good book, but I gave it three stars because it's so heavily documented. Nick later goes to Donnie's bar and sees pictures of him with some of the crew members from the heist, also noticing that employees of the Reserve are regulars since it is near by. A wise professor has said that the needs of the financial markets to operate and profit now rival if not surpass our inclination to and institutions of democratic self-government. The brokers in the middle as well as the managers of those companies became insanely rich from the shell game. Nor should the financial implications of these crimes, massive though they are, obscure the challenge they posed to the nation's law-enforcement capabilities, its judicial system, and ultimately, to the sense of justice and fair play that is a foundation of civilized society.
Trust me you don't wanna miss the gunfights. Well, that seems like a pretty naive way for an experienced Wall Street Journal reporter to look at it. Reading this book a bit late and after the financial crisis, I feel like yeah, whatever. While at The Wall Street Journal, Stewart won a Pulitzer Prize in 1988 for his reporting on the stock market crash and insider trading. I was enthralled as the house of cards was built higher and higher This was a struggle! The negotiator agrees not to communicate until the robbers' demands money and helicopter are about to arrive in over an hour's time.
It was, however, a very important read. Yet history offers little comfort. Although set in Los Angeles, California, Den of Thieves was primarily filmed in and around Atlanta, Georgia. Donnie is hidden inside a cash dolly delivered to the Federal Reserve building by Merrimen. While Stewart assumes some level of business and financial sophistication from the reader, the story is readable and even engaging as he explores the personalities of eventual convicts like Ivan Boesky, Marty Siegel and Dennis Levine.
The events mentioned above certainly indicate so. He kills potential suspense with poor editing choices and opens and closes the movie with interminable shoot-outs in which plenty of men fire guns but few things actually seem to get shot. How did it affect you? I was often a little lost in the technicalities of the stock market but the stories behind the men Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine is fascinating. Investment banks and other Wall Street institutions, highly leveraged against political influence, hold the keys to the house as the downtrodden, resource-strapped and powerless regulators can't stand tall enough to look over the fence. It doesn't mean they are terribly hungry - just angry to have their eating interrupted. A respectable account of the most significant insider trading scandal of all time as well as Michael Milken, the most rapid accumulator of wealth at that time.
O'Brien, Merrimen and their crews soon find themselves on a direct collision course as the criminals hatch an elaborate plan for a seemingly impossible heist -- the city's Federal Reserve Bank. This book is long, and full of details about who put how much money into which security, who leaked inside information to who, and who is covering whose back, etc. So if you get this crap then you'll prolly love it, noting the great reviews it has received. But ultimately, this Den of Thieves was robbed. They were to be found in and around Wall Street in the mid-eighties. Not everyone who should have been prosecuted has been, and mistakes were made. Not that he was particular surprised.
Merrimen, Bosco, and Levi try to make their escape with the money bags from the waste truck but hit a traffic jam and are blocked. Nick's men manage to pick up Merrimen's regular driver, Donnie , and use him to learn more about Merrimen's next job. But if this is not you, and you just want a non-tome that cuts more straightforwardly, stick with Barbarians at the Gate, or a summary, or even some articles detailing everything. As he told Wilkis constantly, he was convinced that everyone was using inside information to get ahead: the game was rigged. Stewart is a really good investigative journalist! I would have liked to learn more about how these junk bonds concretely affected those who invested in them as well as the businesses who later defaulted on their loans. To view it, A lengthy and unnecessarily prolonged book.
Wall Street recklessness continues unabated today, and the major players of the scandal are out of jail following all-too-short prison terms, given the magnitude of their crimes. I didn't enjoy this quite as much as Barbarian at the Gates, but the book was still an interesting and quick read. Witness the Greek government yesterday 3 Nov 2011 backing away from a referendum of the people regarding their austerity measures imposed by financial powers in France and Germany in favor of not upsetting the financial markets who predictably like to be repaid with incredible interest on principal. The film coasts along on parallel narrative tracks, zeroing in on a team of renegade cops, led by as a sensitive bruiser, as well as a crew of robbers who are planning to break into the L. There have been eight editions as of 2008. Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky written especially for this paperback edition, Den of Thieves weaves all the facts into an unforgettable narrative—a portrait of human nature, big business, and crime of unparalleled proportions.
I'd only heard bits and pieces about it in the past. The first half of the book outlines all the deals that were made whilst the second half deals with the fallout of this and the legal cases that followed. At their hideout, Merrimen has one of his crew, Levi, roughly interrogate Donnie to ensure he didn't disclose anything about the plan. Wow, this was a labyrinth of organizations, key figures, and general figures that help chronicle the tremendous heights the men and their respective organizations fell, chiefly due to their crossing of ethical and legal lines in their feverish pursuit of hostile corporate raids, mostly taking shape as Leveraged Buyouts which is when an individual, group, or entity purchases a firm through a combination of cash, debt, and equity. Others were trying to keep up with the Jones'.
While at The Wall Street Journal, Stewart won a Pulitzer Prize in 1988 for his reporting on the stock market crash and insider trading. He stashes them in bags and throws them in with the refuse, before escaping the cash count-rooms through the air ducts. It paid therefore to borrow any amount to purchase a company driving the stock price up and then reselling the same company to someone else. The cash is dispatched from the Federal Reserve building in a garbage truck that removes shredded bills. But Den of Thieves still emerges as an important read for the present-day observer wondering what's wrong with the culture on Wall Street. As and proliferated in the heady 1980s, information on which companies were being targeted became ever more valuable. He gives you a great sense of the culture and lack of true oversight that led to what was at the time, the biggest Wall Street scandal since the '29 crash.
It made me feel like a lot. Coupled with low-priced assets was the tax code's very generous treatment of interest payments on debt. I recently finished reading Den Of Thieves - by Pulitzer Price Winner, James B. Eventually, Merrimen and his crew escape with the empty armored truck. But surely a pied piper will emerge in some other sector. Hunting down a streaming service to buy, rent, download, or view the Christian Gudegast-directed movie via subscription can be a huge pain, so we here at Moviefone want to take the pressure off.