Christopher Varelas, Dan Stone – How Money Became Dangerous

From a veteran of the trade, aprovocativeand entertainingvoyage into the turbulent heart of modern moneythatsheds new light on the rise of our threatening and complicated financial system,how moneybecameour adversary, andwhy finding a new courseis crucial to a healthy society.

In the not-too-distant past, money was simple. You might have had a bank account and a mortgage, perhaps some basic investments. Wall Street didnt have a reputation for greed and recklessness. That all started to change in the ’80s, as our financial systems became increasingly complex, moving beyond the understanding of the general public while impacting our lives in innumerable ways. The financial world began to feel like an enigma – a rogue force working against us, seemingly controlled by no one.

From an industry veteran whos had firsthand involvement in the events that shaped modern money, How Money Became Dangerousjourneys from the crime-ridden LA jewelry district to the cutthroat Salomon Brothers trading floor, from the high-stakes world of investment banking to the center of the technology boom, capturing the key deals, developments, and players that made the financial world what it is today. The audiobook illuminates the dark, hidden forces of Wall Street and how it has dehumanized and left behind everyday Americans.

A fresh and enlightening take on how we reached this point, How Money Became Dangerous also makes the case for why Wall Street needs to be saved, if only to save ourselves.

Author: Christopher Varelas, Dan Stone
Narrator: Roger Wayne
Duration: 14 hours 43 minutes
Released: 19 May 2011
Publisher: HarperAudio
Language: English

User Review:

periphery buzzing

This is 3 books: a memoir of this author’s direct experiences in finance (and he was pretty well-placed), a broader USA financial history book of the matching times (with many familiar stories to those who follow all this closely, but still well told), and some even more overview thoughts about it all. The author did a solid job all around, and in a very listenable package. I like his nuanced and multi-sided views on it all. I grate when someone is cheerleading too monotonously in one over-simplified direction. He is a guy who has been deep in finance, but is capable of caring about street-level human values. It is a thoughtful mix. The guy at least postures as a bit of a marshmallow, which makes me wonder what he was doing in investment banking. But apparently his weepy side didn’t wreck his deals, or cause him to give his bonuses back.