Exile on Wall Street : one analyst's fight to save the big banks from themselves

 by Mike Mayo.  Mayo, a respected US bank stock analyst, has written an engrossing personal account of his Wall Street experiences. He amply highlights the perils of an analyst who is frequently out of step with his peers, often advising selling particular bank stocks while others are recommending "hold" or even "buy." Consequently, Mayo is often locked out of information channels deemed so critical to understanding current corporate policies. But Mayo seems to relish his position as a gadfly and, especially in the financial crisis of 2007-09, appears to have been mostly on target. (His "buy" prediction on Lehman Brothers is a glaring exception, but is openly admitted without excuses.) In many ways, this book is reminiscent of Dan Reingold's Confessions of a Wall Street Analyst (2007). Reingold's domain was the communications industry, but the thrust of the stories is the same: the analyst maintaining integrity in the light of pressures to sell out. Plus ca change, plus c'est la meme chose. Enjoyable and informative. Summing Up: Recommended. General readers; all levels of undergraduate students; professionals. --Choice (Check Catalog)