Alex Good – April 13, 2012
Thieves of Bay Street: How the Banks, Brokerages and the Wealthy Steal Billions from Canadians, by Bruce Livesey (Random House, 313 pages, $32 hardcover)
One thing we can thank the recent credit crisis and global financial meltdown for is the way it lifted the lid on a sector of the economy we hadn’t been giving enough attention.
That sector is the financial industry. In Thieves of Bay Street, investigative journalist Bruce Livesey looks at how Canada’s banks, brokerages, funds, and financial advisers have been ripping off Canadians for years. And while headline makers like Conrad Black and Earl Jones dominate Livesey’s chronicles of white collar crime, the not-so-few bad apples aren’t as important as the rotten barrel he describes.