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Malcolm Mackay

Impeccable Connections: The Rise and Fall of Richard Whitney...

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At a Glance
Gripping Wall Street scandal
1930s financial crime exposed
Breathtaking true story narrative
Privilege meets spectacular downfall
Relevant to modern finance
Description

"Impeccable Connections The Rise and Fall of Richard Whitney" traces the fascinating trajectory of a Massachusetts Brahmin who was president of the New York Stock Exchange in the early 1930s. "Whitney fought every attempt by the Federal Government to regulate the exchange back then because it was "perfect" as it was. Widely regarded even by patrician friends as an insufferable snob, with a background from Groton, Harvard, and New Jersey foxhunting country, after Prohibition he bet all his money on a company called Distilled Liquors Corporation whose principal product was "New Jersey lightning" hard cider. When lightning failed to strike, this symbol of Wall Street integrity tried to support his companys stock price by borrowing money and secretly stealing clients assets to cover his mounting debts until the scheme finally collapsed and he went off to prison. A selfrighteous confidence man he couldnt get away with that today, could he? Read this spellbinding book, which repeatedly takes your breath away, and learn that some things never change." Craig R. Whitney, author of "Living with Guns A Liberals case for the Second Amendment." "From the opening scene of Richard Whitney striding on to the floor of the New York Stock Exchange on Black Thursday, 1929 Malcolm Mackay had me hooked. The story of Whitneys rise and spectacular fall from grace is one of the great untold stories of American financial history no more. A fascinating book about one of the biggest scandals and...

SKU: M9781883283629
Product Details & Care

Binding: Paperback;120 pages; Publisher: J.T. Colby & Company, Inc.; Classification: BGB; Weight: 352 g; Dimensions: 156 x 230 x 14

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