Selling America Short
An industry insider reveals the inner workings of our financial system and the agencies who attempt to control it
During his dozen years as an SEC attorney, author Richard Sauer opened and supervised some of its most notable financial cases-investigations that took him to a dozen countries and returned hundreds of millions of dollars to American investors. While a partner at a major law firm and, later, a hedge fund manager, he saw firsthand the follies and failures of our system. Now, in Selling America Short, he shares his extraordinary experiences with you.
Selling America Short is a gripping chronicle of crooked companies, financial philanderers and hapless enforcers told through the eyes of personal experience. Page by page, it shows the damage wrought by the deep biases and lack of worldly experience common among those who hold the reins of our capital markets.
- Sheds light on the inner workings of our financial system
- Takes you on a fascinating journey of a rogue's gallery of crooked executives, professional fraud enablers, and squirrelly technocrats
- Offers a firsthand account of the many ways contrarian views of public companies are suppressed and punished, depriving the market of critical information
With the capital markets in turmoil, people are fascinated with what is happening on Wall Street. This book provides a unique look at the forces and events that led directly to financial tragedy and continue to wreak havoc.
RICHARD C. SAUER has been, among other things, an Assistant Director with the U.S. Securities and Exchange Commission, a partner in an international law firm, and an analyst with a Northern California hedge fund. In his dozen years as an SEC attorney and administrator, he was responsible for some of the agency's most memorable financial fraud cases. Sauer's articles on legal and financial topics have appeared in numerous publications including the New York Times, the Wall Street Journal, and Barron's. He is also a published novelist and holds a doctorate in law (SJD) from Harvard Law School. Sauer lives in Berkeley, California, with his wife, Eileen Killory.