Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis (Hardback)Norm Champ (author)
- We can order this
An insider's look at the SEC and the changes needed to strengthen America's financial system
In the wake of the 2008 financial crisis, the U.S. stock market went through seismic ruptures that destroyed businesses and damaged millions of lives. Daily revelations about an overly leveraged investment sector and endless scandal only underlined the vulnerability of the U.S. financial system. Facing its own ineptitude, the Securities and Exchange Commission (SEC) had to shape up, but how would that be possible in a dysfunctional agency riddled with bureaucratic bungling, soul-killing work rules, and civil service privileges that defied common sense?
In Going Public, Norm Champ details his time spent as the Director of the Division of Investment Management at the SEC. He offers a rare examination inside a major federal agency during a crisis, and his insights and accounts illuminate conditions in our economy today. His narrative is supported by:
* Explanations on the inner workings of hedge funds, economic policy and politics, investing, and inefficient federal agencies
* Recommendations for policy changes to create healthy, corruption-free markets and help prepare Americans for future crises
* First-hand account of how players such as Ben Bernanke and Elizabeth Warren battled to shape Wall Street and financial reform
* Exploration of a string of narrowly averted financial disasters that were hidden from the world-including one that has never been made public
Though there are signals that we are recreating prime conditions for another crisis, Champ shows how policymakers can avoid triggering these events, strengthen America's financial system, and through commonsense regulation and increased financial literacy, make the U.S. the world's most vibrant market.
Publisher: McGraw-Hill Education - Europe
Number of pages: 256
Weight: 468 g
Dimensions: 236 x 163 x 23 mm
"With Dodd-Frank and other recent securities-law reforms now under review by a new administration, Going Public is, above all, a timely reminder of the benefits of an expert regulator--and of the dangers that may arise when a bureaucracy conducts business as usual."-- (04/16/2017)
"Champ was so swayed by the impact of the Great Recession, and the failures of the SEC, that he switched teams, joining the regulators in hopes of helping the agency become more successful in its quest to protect American consumers and investors . . . [Champ] advocates for the regulators to be more cautious before taking action, in order to 'reduce government interference in the economy.' Government agencies have long been accused of being archaic and inefficient--of being reactive instead of proactive. But if Champ's solution to flawed regulation is less regulation, his ideas might have their best shot under the current administration."-- (04/12/2017)
You may also be interested in...
Please sign in to write a review