Pump And Dump

"At a time when there is growing debate about proposals to privatize programs like Social Security and to promote an "ownership society," Pump and Dump offers a path-breaking analysis of America's most urgent economic problem: a system that relies on self-regulation and the rancid politics that continue to support the short-term interests of financial elites over the long-term interests of most Americans."--BOOK JACKET.

Michael L. Indergaard is an associate professor of sociology at St. John's University in New York City. Robert H. Tillman is a professor of sociology at St. John's University in New York City.

Introduction

1

(29)

The Classic Pump and Dump

30

(23)

The Power Merchants

53

(49)

Too Much of a Good Thing: The Rat's Nest in Telecom

102

(35)

The Webs They Weave: Dot-Coms and the IPO Machine

137

(32)

Professional Pumpsters and Financial Engineers: Looking at the Bright Side (Banking on the Dark Side)

169

(34)

Counting on the Upside: Accountants and Lawyers Who ``Got It''

203

(33)

Forgive and Forget: Responses to Corporate Corruption

236

(30)

Conclusions

266

(17)

Notes

283

(34)

Index

317

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Summary

Author Biography

Table of Contents

Supplemental Materials