Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

Multiple key functions and institutions constitute Wall Street and the financial markets in the United States. Aside from investment banks there are asset management companies (hedge funds, pension and mutual funds, and private equity firms), and the securities exchanges themselves. Financial firms contain departments that deal with trading and sales, corporate finance, mergers and acquisitions (M&A), research, and investment management, each with slightly divergent goals, methods, and perspectives. From this broad landscape I chose as my primary field sites the central, iconic institutions of Wall Street, the major investment banks such as Morgan Stanley and Merill Lynch. Within the banks I focused on those functions commonly considered investment banking proper - corporate finance and M&A - because they directly demonstrate the interconnections between financial and productive markets, between financial and corporate institutions. Through their middlemen roles as financial advisors to major U.S. corporations as well as well as expert evaluators of and spokespeople for the stock and bond markets, investment bankers work to transfer and exchange wealth from corporations to large shareholders (and their financial advisors), hold corporations accountable for behavior and values that generate short-term shareholder value, and generate debt and securities capital to fund these practices. [...]

—p.5 Wall Street's Orientation: Exploitation, Empowerment, and the Politics of Hard Work (2) by Karen Ho 4 years, 9 months ago