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Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians
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Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians

3.58 of 5 stars 3.58  ·  rating details  ·  40 ratings  ·  6 reviews
A newsmaking exposé about why Canada's financial industry is a haven for fraud.

Beneath the veneer of stability that saw Canada's banking sector through the financial crash of 2008, investigative reporter Bruce Livesey has uncovered a rampant failure of epidemic proportions. Though no large financial institution has recently gone bust in this country, white-collar criminals
Hardcover, 320 pages
Published March 22nd 2012 by Random House Canada (first published January 1st 2012)
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Mike Martin
Canadian banks, brokers and industry regulators have not exactly been the model of virtue that they claim. In fact, according to a new book by investigative journalist Bruce Livesay, they are not nearly as squeaky clean as they advertise. Livesay is a Canadian writer who has worked for most major newspapers in Canada as well as CBC news, the Fifth Estate, PBS Frontline and the New York Times.

Livesay retraces the many faults and foibles of bankers and their investment arms in “Thieves of Bay Stre
The problem with this book is that important allegations are backed by anecdotal examples used to extrapolate behaviour for a whole industry. Not only that, but the anecdotes are neither relevant nor put in context. At one point, the book attempts to break the myth that the Canadian banks are more solid that their counterparts elsewhere. As proof, we are treated to a handful of examples of misbehaviour by their American brokerage subsidiaries. Not only are the American subsidiaries not relevant ...more
Dawn Henri
so far it's making me sick. not pleasant at all.
I'll never trust banks, brokers, investment companies ever. Also who pays Bruce Livesay to write this? How come these power authorities haven't stopped him from telling all? In who's interest is it to have this info out there? He's not writing this book for free right?
I liked his writing style - used words like 'implode' - very concise.
The writer just has to be a little bit more literate than myself for me to be engaged.
Recommended reading for
It certainly points out some flaws of Canada's financial system and we do need some better regulation but...we are not the only country to have these problems. The author is from the CBC which is leftist in their politics - most people associated with it tend to villify anything capitalist. I do very very much agree though that we need to tighten our polices and unify our financial system. As the author states - it is embarrassing that the US was able to convict some of these people that we didn ...more
Eye opening look at how fraudulent the Canadian financial system is.
Got mutual funds? RRSP? Read this.
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Thieves of Bay Street: How Banks, Brokerages and the Wealthy Steal Billions from Canadians

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