Why Wall Street Matters - William D. Cohan

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If you like your smartphone or your widescreen TV, then - whether you know it or not - you're a beneficiary of Wall Street. From the journalist who knows the financial world better than almost anyone, this is the inside story of how Wall Street works and why, despite its flaws, we still need it. 'Has the rare gift not only of understanding the fiendishly complicated goings-on, but also of being able to explain them in terms the lay reader can grasp' Observer 'One of our most able financial journalists' Los Angeles Times 'Cohan's main objective is to advance the thesis that the regulations imposed in response to the financial crisis have limited Wall Street's ability to serve its customers' Pietra Rivoli, Financial Times 'He perfectly captures the raw voice of Wall Street' Martin Vander Weyer, Spectator Business