Blood on the Street

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Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors (2005) is a book by American journalist Charles Gasparino and published by Free Press.[1]

Description[edit]

Gasparino originally broke the story of the dot-com bubble and impending stock market crash while writing for The Wall Street Journal (WSJ) and he won the New York Press Club award for coverage of this and related Wall Street research scandals.[2] His WSJ articles prompted then New York State attorney general Eliot Spitzer to launch an investigation. Blood on the Street is a more in-depth analysis of the dot-com bubble of the late 1990s-early 2000s, described how it happened and who were largely responsible.

Critical reception and scholarly use[edit]

Barron's named the book one of the best of 2005, noting it details how corrupt research proliferated during the dot-com boom. Although the boundless optimism of that era has faded, the lessons are well worth remembering.[3]

It was cited in The Sociological Review,[4] and the Journal of Accounting Research[5]

Hank Boerner in Corporate Finance Review writes that the book is a very thorough narrative of the "financial analyst scandals" that led to the global settlement.[6]

References[edit]

  1. ^ "Blood on the Street". January 10, 2005 – via www.simonandschuster.com.
  2. ^ "FoxBusiness.com bio of Gasparino". Archived from the original on March 10, 2010.
  3. ^ Palmer, Jay (5 December 2005). "The Best Books of 2005". Barrons. Retrieved 30 December 2020.
  4. ^ Beunza, Daniel (October 1, 2007). "Calculators, Lemmings or Frame-Makers? The Intermediary Role of Securities Analysts". The Sociological Review. 55 (2): 13–39. Retrieved 30 December 2020.
  5. ^ Groysberg, Boris (19 April 2011). "WHAT DRIVES SELL-SIDE ANALYST COMPENSATION AT HIGH-STATUS INVESTMENT BANKS?" (PDF). Journal of Accounting Research. 49 (4): 969–1000. Retrieved 30 December 2020.
  6. ^ Boerner, Hank (May–June 2005). "Independent Financial Research: Changing The Way Investors View Research?" (PDF). Corporate Finance Review. RIA Group: 36–40. ISSN 1089-327X. Retrieved 30 December 2020.