In the not too distant past, money was simple. You might have had a bank account and a mortgage, perhaps some basic investments. Wall Street didn’t have a reputation for greed and recklessness.
That all started to change in the eighties, as our financial systems became increasingly complex, moving beyond the understanding of the general public while impacting our lives in innumerable ways.
Our latest guest, Chris Varelas, is an industry veteran who’s had first hand involvement in the events that shaped modern money, and in his recently released book, How Money Became Dangerous, Varelas and co-author Dan Stone journey from the crime-ridden LA jewelry district to the cutthroat Salomon Brothers trading floor, capturing the key deals, developments, and players that made the financial world what it is today.
The book illuminates the dark, hidden forces of Wall Street and how it has dehumanized and left behind everyday Americans. A fresh and enlightening take on how we reached this point, How Money Became Dangerous also makes the case for why Wall Street needs to be saved, if only to save ourselves.
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