Publisher's Synopsis
Don't Buy Stocks" examines the institutions that are assumed to be protecting the individual investor. Sadly, the results are that each institution is failing miserably. The Wall Street banks, auditors, credit rating agencies, the government and others are all failing to do their duty. The results are tragic. Banks have paid billions of dollars to settle claims of misconduct. Auditors have paid a tidy sum as well. Credit rating agencies have undergone much criticism, but have largely avoided paying for their mistakes. And investors have paid dearly, in the form of trillions of dollars in losses. The taxpayer has also paid via trillions of dollars of bailouts to those who have caused the problems.Accordingly, "Don't Buy Stocks" argues that investors should keep their money as far away from Wall Street as possible.
