Bad Trades

INSIDE OUT: AN INSIDER'S ACCOUNT OF WALL STREET by Dennis B. Levine with William Hoffer

Putnam; 431 pages; $22.95

If any skeptics still doubt that the 1980s were an era of mindless greed on Wall Street, Dennis Levine's account of his rise and fall as an inside trader should set them straight. Levine, a megadeal meister for the now bankrupt Wall Street firm Drexel Burnham Lambert, raked in more than $10 million through the simple expedient of buying and selling stock with the help of inside tips. Arrested in 1986 and jailed for 17 months in a minimum-security prison, he led...

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