William Lau is a retired investment banker who now lectures at two leading universities.
His book, "There Were No Banks In The Stone Age", about the 1%, the problems of the wealth gap, banks/bankers and the financial crisis is now available at most online ebook retailers.
His professional career included two years as an auditor with a "Big-Four" accounting firm in New York, and 28 years as an investment banker with two leading investment banks in various positions in New York and Hong Kong. These positions have included assignments in financial analysis, mergers and acquisitions, oil and gas investment banking, transaction execution, and equity capital markets.
Since his retirement in 2011, he has been writing his book about the recent global financial crisis. In addition, he has started his teaching career as a lecturer at two leading universities.
He grew up in a variety of countries in the Middle East where he was born, and in Southeast Asia where he saw firsthand the horrors of war during his childhood living in Saigon (now called Ho Chi Minh City) at the time of the Vietnam War. After spending time in several American and French schools in Saigon and Bangkok, he eventually found his way to Phillips Academy, a boarding school in Andover, Massachusetts. Upon graduation, he matriculated at Harvard College where he graduated Cum Laude with an A.B. degree in Economics. Later on, he also went back to school to earn his M.B.A. from the University of Chicago.
There Were No Banks In The Stone Age
by William Lau
Approx. 22,260 words.
Published on February 19, 2012.
Questions about the financial crisis, taxpayers' bailout money, wealth gap, the 1%, and why?
The book takes a hard-hitting look at the key issues: who is to blame, what happened to the TARP money, the income tax system, Wall St. bonuses, but most importantly, capitalism, the wealth gap, and the U.S. savings rate. His book will surprise many on both sides of the fence, both the 1% and the 99%.
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