Shock Exchange explains the stock market and U.S. economy through the eyes of the New York Shock Exchange, a financial literacy program Ralph Baker started in 2006 to share his passion for investing and basketball with his 11-year-old son and other boys his age. The book predicts the "pain ahead" for the U.S. economy, the demise of China, the pending stock market crash and social unrest.
The first few chapters...
On September 14, 2008 I stumbled upon a Washington Post article on the debacles of Fannie Mae and Freddie Mac, which cost taxpayers tens of billions. The article described federal organizations that wanted the below-market financing costs of government-protected entities, yet the carte blanche to take risks and maximize profits like private corporations ... It also showed a picture of Henry Cisneros, Secretary of Housing and...
Mr. Baker received his B.A. in economics from Hampden-Sydney College (1989) and his MBA from the Darden School of Business at the University of Virginia (1993). He has over 15 years of experience in corporate finance and mergers & acquisitions. Mr. Baker is currently the Executive Director of the New York Shock Exchange, a financial literacy program based in Brooklyn, NY that teaches kids competitive basketball skills...
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