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list price: $24.88
edition:Paperback
also available: eBook Hardcover
published: May 2012
ISBN:9781926716060

The Midas Touch

Counterfeit Stock, Naked Short Selling & Selling America Short

by James Cummins & Cameron W. Reed

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non-classifiable, economic policy, stocks
0 of 5
0 ratings
rated!
rated!
list price: $24.88
edition:Paperback
also available: eBook Hardcover
published: May 2012
ISBN:9781926716060
Description

Authors James Cummins and Cameron W. Reed examine the predatory nature of short selling that is still prevalent within the financial industry today. What was originally intended to serve as a natural check on abuses within the stock market has itself become another method of manipulation for those with the necessary know-how. What seems innocently enough as capitalism and greed gone naturally wild in an environment of deregulation, soon appears as deliberate political maneuvering and close control on an international scale by agents and institutions operating above the law. The authors of The Midas Touch point out that this highly profitable, preferred method of professional swindlers world-wide has much more sinister repercussions than just clearing out 401(k)s -- short selling was a contributing factor to the collapse of the US housing sector in 2007 that led to the global financial crisis begun in 2008 and has been the preferred fundraising methods of terrorist outfits worldwide. The Midas Touch speaks to the nature of this ongoing financial crisis we seem to be unable to extricate ourselves from and describes the ongoing problems that surround a financial sector that seems unwilling to change its business practices.

About the Authors

James Cummins is a five time author, and winner of the Canadian Authors' Association BookTelevision Emerging Writer Award for 2009. His previous books have included a history of Electronica music (Ambrosia: About a Culture) and his co-authoring of the autobiography of House music inventor Jesse Saunders. He is an investigative journalist for U Magazine in Jordan with a degree in philosophy from Concordia University in Montreal where he currently resides. He is also a composer of classical music and playwright, and is originally from Edmonton, Alberta.

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Cameron W. Reed is an investigative journalist and a novice investor. It was as an investor doing due diligence that Cameron stumbled upon a criminal trail of international duplicity and fraud. Piecing the bits together, a compelling and alarming story began to emerge that foretold the current global economic crisis. She has been working with James Cummins to bring this story to light.

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