The Greed Merchants: How the Investment Banks Played the Free Market Game .

Position:By Philip Augar - Brief article - Book review

The Greed Merchants


How the investment banks played the free market game

By Philip Augar

[pounds sterling]20 Penguin

ISBN 0-713-99785-0

Early in the new millennium the investment banks were on their knees. Beaten by the boom and bust of the bubble, mixed up in corporate scandals and accused of uncontrolled and rampant conflict of interest, the game seemed over for the masters of the universe.

Then the bounce back came. New rules, promises to be more vigilant and rising markets took the heat off. Having learned their lesson and paid their dues, the investment banks could be relied upon to oil the wheels of capitalism in...

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