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Among the bankers : a journey into the heart of finance

By: Luyendijk, Joris, 1971-
Material type: BookPublisher: Brooklyn : Melville House, c2015.Description: xiii, 264 p. ; 23 cm.ISBN: 9781612195919Subject(s): Banks and banking -- England -- London | Banks and banking -- Moral and ethical aspects | Global Financial Crisis, 2008-2009DDC classification: 332.109421 Online resources: Location Map
Summary:
Joris Luyendijk, an investigative journalist, knew as much about banking as the average person: almost nothing. Bankers, he thought, were ruthless, competitive, bonus-obsessed sharks, irrelevant to his life. And then he was assigned to investigate the financial sector. Joris immersed himself in the City-London's equivalent of Wall Street-for several years, speaking to over 200 people-from the competitive investment bankers and elite hedge-fund managers to downtrodden back-office staff, reviled HR managers, and those made redundant in the regular 'culls'. Breaking the strictly imposed code of secrecy and silence, these insiders spoke on record about what they actually do all day, how they see the toxic environment in which they work, and how they think the uninitiated see them. They confessed to feeling overwhelmed by the intransparency of our financial systems. They admitted that when Lehman Brothers went down in 2008 they hoarded food, put their money in gold, and prepared to evacuate their children to the countryside. They agreed that nothing has changed since the crash. A strange thing happens when you spend time among the bankers . . . you start to sympathize with them. What if the bankers themselves aren't the real enemy? What if the truth about global finance is more sinister than that?
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Item type Home library Call number Status Date due Barcode Item holds
REGULAR University of Wollongong in Dubai
Main Collection
332.109421 LU AM (Browse shelf) Available T0055347
Total holds: 0

Includes index.

Joris Luyendijk, an investigative journalist, knew as much about banking as the average person: almost nothing. Bankers, he thought, were ruthless, competitive, bonus-obsessed sharks, irrelevant to his life. And then he was assigned to investigate the financial sector. Joris immersed himself in the City-London's equivalent of Wall Street-for several years, speaking to over 200 people-from the competitive investment bankers and elite hedge-fund managers to downtrodden back-office staff, reviled HR managers, and those made redundant in the regular 'culls'. Breaking the strictly imposed code of secrecy and silence, these insiders spoke on record about what they actually do all day, how they see the toxic environment in which they work, and how they think the uninitiated see them. They confessed to feeling overwhelmed by the intransparency of our financial systems. They admitted that when Lehman Brothers went down in 2008 they hoarded food, put their money in gold, and prepared to evacuate their children to the countryside. They agreed that nothing has changed since the crash. A strange thing happens when you spend time among the bankers . . . you start to sympathize with them. What if the bankers themselves aren't the real enemy? What if the truth about global finance is more sinister than that?

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