Thieves of Bay Street

by LIVESEY, BRUCE

• ISBN13: 9780307359636
• ISBN10: 0307359638
• Format: Hardcover
• Copyright: 2012-03-22
• Publisher: Random House Canada

Summary

A newsmaking expos about why Canada's financial industry is a haven for fraud. Beneath the veneer of stability that saw Canada's banking sector through the financial crash of 2008, investigative reporter Bruce Livesey has uncovered a rampant failure of epidemic proportions. Though no large financial institution has recently gone bust in this country, white-collar criminals, scam artists, Ponzi schemers and organized crime, from the Hells Angels to the Russian mafia, know that Canada is theplace in the Western world to rip off investors. And the fraudsters do so with little fear of being caught and punished. Thieves of Bay Streetinvestigates Canada's biggest financial scandals of recent years. Readers will learn what banks do with investors' money and what happens when they lose it. They will meet the bogus investment gurus, the brokers who lose money with both reckless abandon and impunity, the bankers who squander money in toxic investments, the lawyers who protect them and the regulators who do nothing to keep them from doing it again. And most importantly, they'll meet the victims who are demanding that our vaunted banking sector finally come clean on its dirtiest secret.

Table of Contents

Introduction	p. 1
Making Out Like Bandits	p. 13
Rise of Bay Street, Death of Main Street	p. 31
Pillaging Stelco	p. 43
Plundering Nortel	p. 53
How to Corrupt a Stock Market	p. 67
Pauperism by a Thousand Cuts	p. 85
Brokers Gone Wild: A Rogues' Gallery	p. 95
Bankers Behaving Badly	p. 113
Subprime Horror: The Canadian Connection	p. 127
Tales from the Crypt: The Rise of Shadow Banking	p. 147
The Ghost Thief	p. 165
Ponzi Schemata	p. 173
No Help in Sight	p. 183
The Enablers	p. 199
Kissing Cousins: The Regulators	p. 221
Not to Be Trusted	p. 241
Afterword	p. 255
Source Notes	p. 262
Acknowledgements	p. 299
Index	p. 301
Table of Contents provided by Ingram. All Rights Reserved.