In his new book, "Don't Buy Stocks", author Marc Rush closely examines the institutions involved in protecting the integrity of the financial markets and concludes that they are all failing the individual investor.
The author provides some thought provoking questions about where to put your money and questions not only how safe it really is on Wall Street, but also to the benefits to the individual and communities in avoiding the investment scheme that is Wall Street.
"Don't Buy Stocks" examines the conduct of the bankers and brokers, auditors and accounting firms who certify financial statements of publicly traded companies, the role of credit rating agencies, non-governmental regulatory bodies, the relationship between government and Wall Street, and colossal failures made in terms of rulemaking and enforcement at the SEC.
Public companies like Enron, WorldCom, Lehman Brothers,AIG and Satyam - all given clean bills of health until just days or weeks later when they were not. Auditors certified financial statements and credit rating agencies reported investment grade ratings endorsements, while in the end blaming management for their endorsement and distribution of mis-information.
The book argues that because institutional mis-conduct is so widespread and exists over such a long period of time, that this is a sign of the culture and will not change.
"Don't Buy Stocks" focuses on the revolving door between government, Wall Street, the enormous sums of money Wall Street bestows on politicians in Washington and implications as to what these monies have for the budget and the protection of Wall Street.
Whether the administration is Democratic or Republican, the book enumerates the many individuals that went, and continue to go, from the financial world to government, and vice versa.
Just released to the public, "Don't Buy Stocks" is a "must read" for the individual investor and is now available in paperback from via Amazon.com.
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Contact:
Marc Rush
dontbuystocks@
