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Exile on Wall Street: One Analyst's Fight to Save the Big Banks from Themselves | [Mike Mayo]

Exile on Wall Street: One Analyst's Fight to Save the Big Banks from Themselves

An insider points out the holes that still exist on Wall Street and in the banking system. Exile on Wall Street is a gripping read for anyone with an interest in business and finance, U.S. capitalism, the future of banking, and the root causes of the financial meltdown.
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Publisher's Summary

An insider points out the holes that still exist on Wall Street and in the banking system. Exile on Wall Street is a gripping listen for anyone with an interest in business and finance, U.S. capitalism, the future of banking, and the root causes of the financial meltdown.

Award-winning veteran sell side Wall Street analyst Mike Mayo writes about one of the biggest financial and political issues of our time - the role of finance and banks in the US. He has worked at six Wall Street firms, analyzing banks and protesting against bad practices for two decades. In Exile on Wall Street, Mayo:

  • Lays out practices that have diminished capitalism and the banking sector
  • Shares his battle scars from calling truth to power at some of the largest banks in the world and how he survived challenging the status quo to be credited as one of the few who saw the crisis coming
  • Blows the lid off the true inner workings of the big banks and shows the ways in which Wall Street is just as bad today as it was pre-crash
  • Analyzes the fallout stemming from the market crash, pointing out the numerous holes that still exist in the system, and offers practical solutions

While it provides an education, this is no textbook. It is an invaluable resource for finance practitioners and citizens alike.

©2011 Mike Mayo (P)2011 Audible, Inc.

What the Critics Say

"Mike Mayo is an old-style bank analyst - thorough, independent, honest - who never pulls his punches, whatever icons, public or private, may be wounded." (Paul A. Volcker, former chairman of the Federal Reserve)

"Mike Mayo is one of the best financial analysts on Wall Street. He brings clarity to a world full of uncertainty." Maria Bartiromo, host of The Wall Street Journal Report.

What Members Say

Average Customer Rating

3.7 (37 )
5 star
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3.7 (35 )
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3.9 (37 )
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Performance
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  •  
    PHIL San Diego, CA, United States 12-16-11
    PHIL San Diego, CA, United States 12-16-11 Member Since 2011
    HELPFUL VOTES
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    "Self-absorbed, self-indulgent"

    This is the first audiobook (of dozens) I have bailed out on, mid-book. I expected to hear something useful about the craft of analyzing banks, the dynamics of their business situations, etc. About halfway through, what I HAVE heard is endless recitations of the author's resentments, outsider complex, self-justifications, and petty career moves. I KNOW many bank execs are willing to bend the truth as far as they feel they can get away with, in pursuit of their bonuses. So far I haven't heard one new bit of information. The worst business books drone on like extended resumes, and this is one of them. Assuming the content is true, I can respect the author as an honest guy with some backbone. That doesn't make him a good writer, storyteller or explainer. The narrator is good, at least.

    1 of 1 people found this review helpful
  •  
    Rodrigo CHAPEL HILL, NC, United States 09-17-12
    Rodrigo CHAPEL HILL, NC, United States 09-17-12 Member Since 2012
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    "I like the book. Good luck to Mayo!"
    Where does Exile on Wall Street rank among all the audiobooks you’ve listened to so far?

    top 5


    Who was your favorite character and why?

    Mayo


    What about Dennis Holland’s performance did you like?

    Very clear


    If you were to make a film of this book, what would be the tag line be?

    Mayo-naise


    Any additional comments?

    Good luck Mike but I don't think you will bring down the bad guys.

    0 of 0 people found this review helpful
  •  
    M LYNNWOOD, WASHINGTON, United States 07-01-12
    M LYNNWOOD, WASHINGTON, United States 07-01-12
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    "Timely, informative, illuminating"
    Where does Exile on Wall Street rank among all the audiobooks you’ve listened to so far?

    This was an easy listen and a great way to get some historical perspective and background on the banking crisis.


    What was your reaction to the ending? (No spoilers please!)

    "Okay, now I have a better sense of how the huge mess happened, and also why we have not really begun to clean it up yet."


    What do you think the narrator could have done better?

    The narrator was easy to follow; it's very easy to listen to this book.


    If you were to make a film of this book, what would be the tag line be?

    Still Standing: Mike Mayo Survives Banks and Vampire Squid Attacks


    Any additional comments?

    Useful background in a coming-of-age context. Mayo's personal history merged with the sense of America in the 1980s and 1990s, explaining changes in banking and finance that happened during that period. Mayo comes across as a guy who honestly cared about the investors he was supposed to be advising.

    0 of 0 people found this review helpful
  •  
    Bob OAKTON, VA, United States 01-09-12
    Bob OAKTON, VA, United States 01-09-12 Member Since 2011
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    "Read before you listen to to Wall Street wizard."

    Mike Mayo shows why it is so hard to trust Wall Street. He shows that if you want to tell it like it is, you have to be willing to pay for brutal honesty with your job. Highly recommend this book for any investor.

    0 of 0 people found this review helpful
  •  
    Wallace United States Minor Outlying Islands 12-19-11
    Wallace United States Minor Outlying Islands 12-19-11 Member Since 2003
    HELPFUL VOTES
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    "A great look into how wall street really runs"
    Would you recommend this audiobook to a friend? If so, why?

    It's great reading about old ethics and principals instilled in some of us. I can only hope more WS people learn this lesson.


    What did you like best about this story?

    It was a great story especially if you are a trader and happen to like this stuff.


    0 of 0 people found this review helpful
  •  
    Aaron E. Michel 12-12-11 Member Since 2009
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    "Wall Street Analyst Tells It All"
    What made the experience of listening to Exile on Wall Street the most enjoyable?

    The insider view of individual companies and executives, how they engaged in self-destructive behavior, and excellent communication skills of Mr. Mayo make this book enjoyable listening.


    What did you like best about this story?

    The bank analyst's viewpoint.


    What does Dennis Holland bring to the story that you wouldn???t experience if you just read the book?

    He has an engaging voice that captures and conveys the story's energy.


    Was this a book you wanted to listen to all in one sitting?

    Yes.


    Any additional comments?

    It is a short listen.

    1 of 3 people found this review helpful
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