How Money Became Dangerous
The Inside Story of Our Turbulent Relationship with Modern Finance
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Narrated by:
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Roger Wayne
About this listen
From a veteran of the trade, a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system, how money became our adversary, and why finding a new course is crucial to a healthy society.
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 '80s, as our financial systems became increasingly complex, moving beyond the understanding of the general public while impacting our lives in innumerable ways. The financial world began to feel like an enigma - a rogue force working against us, seemingly controlled by no one.
From an industry veteran who’s had firsthand involvement in the events that shaped modern money, How Money Became Dangerous journeys from the crime-ridden LA jewelry district to the cutthroat Salomon Brothers trading floor, from the high-stakes world of investment banking to the center of the technology boom, capturing the key deals, developments, and players that made the financial world what it is today. The audiobook 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.
©2019 Christopher Varelas (P)2019 HarperAudioListeners also enjoyed...
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By: Vicky Ward
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The Asylum
- The Renegades Who Hijacked the World's Oil Market
- By: Leah McGrath Goodman
- Narrated by: Robert Fass
- Length: 16 hrs and 34 mins
- Unabridged
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They were a band of outsiders unable to get jobs with New York's gilded financial establishment. They would go on to corner the world's multitrillion-dollar oil market, reaping unimaginable riches while bringing the economy to its knees. Meet the self-anointed kings of the New York Mercantile Exchange. In some ways, they are everything you would expect them to be: a secretive, members-only club of men and women who live lavish lifestyles; cavort with politicians, strippers, and celebrities; and blissfully jacked up oil prices to nearly $150 a barrel while profiting off the misery of the working class.
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A far better book than its come-on implies
- By Philo on 01-05-14
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Hopping Over the Rabbit Hole
- How Entrepreneurs Turn Failure into Success
- By: Anthony Scaramucci
- Narrated by: Anthony Scaramucci
- Length: 6 hrs and 38 mins
- Unabridged
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Performance
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Hopping Over the Rabbit Hole chronicles the rise, fall, and resurgence of SkyBridge Capital founder Anthony Scaramucci, giving you a primer on how to thrive in an unpredictable business environment. The sheer number of American success stories has created a false impression that becoming an entrepreneur is a can't-miss endeavor - but nothing could be further from the truth. Hopping Over the Rabbit Hole gives you the skills, insight, and mindset you need to be one of the winners.
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Scaramucci is Key to Making America Great Again
- By Cynthia on 07-24-17
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Dethroning the King
- The Hostile Takeover of Anheuser-Busch, an American Icon
- By: Julie MacIntosh
- Narrated by: Joyce Bean
- Length: 12 hrs and 57 mins
- Unabridged
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Overall
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Performance
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Story
How did InBev, a Belgian company controlled by Brazilians, take over one of America's most beloved brands after barely a whimper of a fight? With timing - and some unexpected help from powerful members of the Busch dynasty, the very family that had run the company for more than a century. From the very heart of America's heartland to the European continent to Brazil, Dethroning the King is the ultimate corporate caper and a fascinating case study that's both wide-reaching and profound.
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Good Story but Narration Can be Annoying
- By Ken on 10-21-11
By: Julie MacIntosh
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Too Good to Be True
- The Rise and Fall of Bernie Madoff
- By: Erin Arvedlund
- Narrated by: Karen White
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Erin Arvedlund, the financial reporter who questioned the amazing returns of Bernie Madoff's hedge funds way back in 2001, traces the life of the infamous swindler and addresses the tough questions surrounding the collapse of his Ponzi scheme.
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Doesn't add much more that a lot of details.
- By Robert on 11-07-10
By: Erin Arvedlund
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The Bank That Lived a Little
- Barclays in the Age of the Very Free Market
- By: Philip Augar
- Narrated by: Jonathan Keeble
- Length: 15 hrs and 32 mins
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Performance
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Story
Based on unparalleled access to those involved, and told with compelling pace and drama, The Bank That Lived a Little is the story of one of the most familiar names on the British high street since Big Bang in 1986. Philip Augar describes in detail three decades of boardroom intrigue driven by ruthless ambition, grandiose dreams and a desire for wealth. It is a tale of a struggle for long-term supremacy between rival strategies and their adherents.
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Global superstar bankers under light-touch gov
- By Philo on 12-21-18
By: Philip Augar
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Richistan
- A Journey Through the American Wealth Boom and the Lives of the New Rich
- By: Robert Frank
- Narrated by: Dick Hill
- Length: 7 hrs and 32 mins
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The rich have always been different from you and me, but this revealing and funny journey through Richistan entertainingly shows that they are more different than ever. Richistanis have 400-foot-yachts, 30,000-square-foot homes, house staffs of more than 100, and their own "arborists". They're also different from Old Money, and have torn down blue-blood institutions to build their own shining empire.
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Ho Hum....being rich is work!
- By Scarlett on 06-16-07
By: Robert Frank
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Red Roulette
- An Insider's Story of Wealth, Power, Corruption, and Vengeance in Today's China
- By: Desmond Shum
- Narrated by: Tim Chiou
- Length: 9 hrs and 21 mins
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Overall
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Performance
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Story
As Desmond Shum was growing up impoverished in China, he vowed his life would be different. Through hard work and sheer tenacity he earned an American college degree and returned to his native country to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China’s male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of China’s Communist Party, the so-called red aristocracy.
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Desmond Shum is not a rube! He knows about wine, ok?
- By Peter L Hansen on 10-06-21
By: Desmond Shum
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The Greatest Trade Ever
- The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
- By: Gregory Zuckerman
- Narrated by: Marc Cashman
- Length: 11 hrs and 40 mins
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Overall
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Performance
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Story
In 2006, hedge fund manager John Paulson realized something few others suspected - that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him.
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Better Books Now Available
- By David on 05-02-11
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Tap Dancing to Work
- Warren Buffett on Practically Everything, 1966–2012: A Fortune Magazine Book
- By: Carol J. Loomis
- Narrated by: Susan Boyce, Barry Press
- Length: 17 hrs and 38 mins
- Unabridged
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Overall
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When Carol Loomis first mentioned a little-known Omaha hedge-fund manager in a 1966 Fortune article, she didn’t dream that Warren Buffett would one day be considered the world’s greatest investor - nor that she and Buffett would become close personal friends. Now Loomis has collected and updated the best Buffett articles Fortune published between 1966 and 2012, including thirteen cover stories and a dozen pieces authored by Buffett himself. Loomis has provided commentary about each major article that supplies context and her own informed point of view.
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A collection of finance articles - not a biography
- By Gerardo A Dada on 08-23-13
By: Carol J. Loomis
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Hedgehogging
- By: Barton Biggs
- Narrated by: William Dufris
- Length: 3 hrs and 31 mins
- Abridged
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Overall
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Performance
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Story
Rare is the opportunity to chat with a legendary figure and hear the unvarnished truth about what really goes on behind the scenes. Step inside the world of Wall Street with Barton Biggs as he discusses investing in general, hedge funds in particular, and how he has learned to find and profit from the best moneymaking opportunities in an eat-what-you-kill, cutthroat investment world.
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HedgeHotDogging
- By Bob on 10-01-06
By: Barton Biggs
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What listeners say about How Money Became Dangerous
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Craig M. Stratton
- 02-08-20
Must read
This book should be read by anyone interested in money or finance. Informative, entertaining and funny at times.
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- bernie sucher
- 01-03-21
A worthy 21st century successor to Liar's Poker
if you want to understand the world we live in, and enjoy the learning, read "How Money Became Dangerous". Varelas is a master story teller with a font of insightful lessons drawn from an extraordinary set of experiences.
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1 person found this helpful
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- Carol M.
- 03-13-23
Highly recommend
Good storytelling, great narration, interesting inside look at mergers and acquisitions. The only thing I did not like is the book's title
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- Reggie Gulle
- 03-21-22
Well worth the listen.
If you need a nuanced understanding of Wall Street and the pitfalls of the modern financial system, this is an excellent exposition.
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1 person found this helpful
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- S. S. Felzenberg
- 12-21-24
Surprisingly informative and entertaining
Learned a lot and enjoyed the anecdotes. I hope the authors tackle crypto. Well worth the time to listen.
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- Philo
- 02-06-20
Many-sided, thoughtful, very listenable
This is 3 books: a memoir of this author's direct experiences in finance (and he was pretty well-placed), a broader USA financial history book of the matching times (with many familiar stories to those who follow all this closely, but still well told), and some even more overview thoughts about it all. The author did a solid job all around, and in a very listenable package. I like his nuanced and multi-sided views on it all. I grate when someone is cheerleading too monotonously in one over-simplified direction. He is a guy who has been deep in finance, but is capable of caring about street-level human values. He has a good sense of the surrounding history, bigger than his own, and where some of it seems to point. It is a thoughtful mix. The guy at least postures as a bit of a marshmallow, which makes me wonder what he was doing in investment banking. But apparently his weepy side didn't wreck his deals, or cause him to give his bonuses back. Nevertheless he does engage in pretty endless hand-wringing (hence four stars), which could have been edited a bit. OK dude, you have a heart, OK? Got it. Maybe he should have been a puppy rescuer.
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- Andrew Darlow
- 01-10-24
An informative and entertaining book.
I really enjoyed this book for some of the following reasons:
-The informal and personal tone throughout the book made the content much more interesting than many other books that cover the topic of finance.
-I appreciated all the real life examples covering different companies and different financial instruments.
-I was shocked at the way some of the people described reacted to huge salaries and bonuses that an average person would never even dream of receiving.
I also thought the narration and how the narrator acted out other people’s voices and mannerisms was genius, and often hilarious!
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- Daniel Holzhauer
- 04-15-23
Too much fluff around a few good points
The author should have been writing novels instead of this potentially great topic book. Every so often there is a stretch of great information but most of the time it lags on for 20+ minutes with storytelling that is irrelevant. I found myself hitting fast forward and jumping to the next chapter to no avail. Unless you have a lot of times on your hand look elsewhere.
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2 people found this helpful