The Midas Touch

Counterfeit Stock, Naked Short-Selling & Selling America Short

Nonfiction, Social & Cultural Studies, Current Events, Political Science, Government, Local Government, Business & Finance, Finance & Investing, Investments & Securities
Cover of the book The Midas Touch by James Cummins, Cameron W. Reed, 8th House Publishing
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Author: James Cummins, Cameron W. Reed ISBN: 9781926716190
Publisher: 8th House Publishing Publication: September 1, 2013
Imprint: Language: English
Author: James Cummins, Cameron W. Reed
ISBN: 9781926716190
Publisher: 8th House Publishing
Publication: September 1, 2013
Imprint:
Language: English

THE MIDAS TOUCH by James Cummins & Cameron W. Reed

Counterfeit Stock, Naked Short-Selling & Selling America Short

“. . . a journey into the predatory nature of some of the practicies and institutions in the financial industry today . . . .”

Authors James Cummins and Cameron W. Reed examine the predatory nature of short selling that is still prevalent within the financial industry today. What was originally intended to serve as a natural check on abuses within the stock market has itself become another method of manipulation for those with the necessary know-how. What seems innocently enough as capitalism and greed gone naturally wild in an environment of deregulation, soon appears as deliberate political maneuvering and close control on an international scale by agents and institutions operating above the law.  The authors of The Midas Touch point out that this highly profitable, preferred method of professional swindlers world-wide has much more sinister repercussions than just clearing out 401(k)s – short selling was a contributing factor to the collapse of the US housing sector in 2007 that led to the global financial crisis begun in 2008 and has been the preferred fundraising methods of terrorist outfits worldwide. The Midas Touch speaks to the nature of this ongoing financial crisis we seem to be unable to extricate ourselves from and describes the ongoing problems that surround a financial sector that seems unwilling to change its business practices.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

THE MIDAS TOUCH by James Cummins & Cameron W. Reed

Counterfeit Stock, Naked Short-Selling & Selling America Short

“. . . a journey into the predatory nature of some of the practicies and institutions in the financial industry today . . . .”

Authors James Cummins and Cameron W. Reed examine the predatory nature of short selling that is still prevalent within the financial industry today. What was originally intended to serve as a natural check on abuses within the stock market has itself become another method of manipulation for those with the necessary know-how. What seems innocently enough as capitalism and greed gone naturally wild in an environment of deregulation, soon appears as deliberate political maneuvering and close control on an international scale by agents and institutions operating above the law.  The authors of The Midas Touch point out that this highly profitable, preferred method of professional swindlers world-wide has much more sinister repercussions than just clearing out 401(k)s – short selling was a contributing factor to the collapse of the US housing sector in 2007 that led to the global financial crisis begun in 2008 and has been the preferred fundraising methods of terrorist outfits worldwide. The Midas Touch speaks to the nature of this ongoing financial crisis we seem to be unable to extricate ourselves from and describes the ongoing problems that surround a financial sector that seems unwilling to change its business practices.

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