Blood on the Street Tells How Investors Were Duped

Blood on the Street by Charles Gasparino details how Wall Street analysts unabashedly issued positive stock ratings on companies in return for their investment banking business. The book highlights the arrogance, greed and shenanigans of Mary Meeker and Henry Blodget, the best known Internet analysts, and Jack Grubman, king of the telecommunications analysts.

Example after example show how these three ignored the interests of investors by hyping risky stocks and then maintaining buy recommendations on them even as their prices dropped precipitously to the downside.