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Explores the corrupt strategies of CEOs and CFOs, in collusion with those who have regulatory oversight of their industries, that are used to defraud companies for their personal gain.
No President in living memory has entered office with a greater amount of goodwill and broad, bi-partisan support than Barack Obama. And few Presidents in living memory had arrived in Washington proclaiming such dramatically articulated vows to change the tone of politics, to usher in an era of post-partisanship in an effort to rally the nation behind his plan of enacting an ambitious program of social and economic change. He vowed to enact a broad bi-partisan agenda for health care reform, energy transformation, economic revitalization, job growth and restoration of America's standing in the world. And no President in living memory has more quickly and more completely abandoned his promises. He enacted a health care plan that far more resembled plans he had bitterly criticized his opponents for supporting rather than the one his campaign outlined His promised job growth through economic stimulus measures drove up the unemployment rate to double digits leading to millions of job losses His vows to restore fiscal probity resulted in the most ruinous deficits and public debt in U.S. history He 'green energy' program collapsed into a cesspool of crony political favoritism His vows to restore relations with hostile nations like Iran and North Korea had only deepened those nations' disdain for America Despite his harsh criticisms, Obama adopted nearly every plank in the Bush-era anti-terror policy His promise to restore science to its rightful place resulted in the most rigidly inflexible program of ideological extremism in modern memory Even more noteworthy was the fact that the new era of post-partisanship he had vowed to create in Washington resulted in the worst political gridlock in living memory. This book examines in detail hundreds of campaign promises Obama made while running for President, contrasting those with the record of failure and broken promises left in his wake. It is a story that has received too little attention - until now."
Bruce Gauthier was strung along for years as a child and told to believe in Santa Claus. There were whispers about a big payout on Christmas Day, but really, its all just a lie. As an adult, he realized that those who tell you to rely on the stock market for retirement are just like the people who lie about the man in the big red suit. The only difference is that the stakes are much higher. Canada's national newspaper, The Globe and Mail, called the book one "of the years best writing on personal finance, market behaviour and investing strategies." The Globe's David Parkinson gave this review: "Just in time for Christmas comes a book that says having faith in financial markets to deliver your retirement security is as stupid as believing in Santa Claus. (Read it to the kids. Itll be a real eye-opener once they stop crying.) Toronto resident Bruce Gauthier is no financial expert just another regular Joe whose nest egg has floundered in the hands of the financial industry. Like the kid who found out theres no Santa, he feels betrayed, lied to. At times hes paranoid and irrational, seeing conspiracy theories all over the place. But beneath it all, there may be more truth here than most of us are comfortable admitting. His rants about regulatory oversight, stock options and short-selling are over the top, but they address some hard questions that maybe we all ought to be asking. Plus, its a strangely cathartic read I feel like hes more than angry enough for the both of us. Santa Claus Is Alive and Well and Living on Wall Street is not for financiers, brokers, investment advisers, or anyone with access to inside information from Wall Street. Instead, its for the everyday worker who wants to protect their retirement savings.