Wall Street ‘World Classic’ Corruption Book Hits Bookstores in…

ENID, Okla., Mar. 16 /PRNewswire-AsiaNet/ –

Keith Schooley, a former star financial consultant with Merrill Lynch who
exposed widespread corruption at the firm prior to its collapse and
acquisition by Bank of America, has been added to a prestigious publishing
list in China.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100316/LA68302 )

Shanghai University of Finance and Economics Press (SUFEP)
(www.sufep.com), with annual sales of more than 90 million RMB, has just
completed translation of Schooley’s groundbreaking book Merrill Lynch: The
Cost Could Be Fatal – My War Against Wall Street’s Giant
(http://www.TheCostCouldBeFatal.com) for sale in China.

Schooley’s book exposes extensive corruption at Merrill Lynch including
an unlawful widespread cheating scandal involving members of management and a
multitude of financial consultants covered up by senior management and the
board of directors-even after Schooley met with them to present his findings.

Additionally, the author indicts regulators for their abysmal failure to
regulate and reveals inherent flaws in self-regulatory sponsored binding
arbitration.

Joining such famous titles as The Great Crash 1929 by John Kenneth
Galbraith, Understanding Wall Street, by Jeffrey B. Little and The Bear Book:
Survive and Profit in Ferocious Markets, by John Rothchild, Schooley’s
detailed witness account of wrongdoing at the Wall Street giant is certain to
become a classic in China.

"I really like my book being included in a series which has showcased
notable books such as The Great Crash 1929 and I like my name mentioned in
the same breath as John Kenneth Galbraith," says the author. "Also, I’m
honored that my book was selected from investment books in such a large
universe as the US and European markets."

The SUFEP series The World Classics of Investment is sponsored by China
Universal Asset Management Co., Ltd. and published by a top Asian university
of finance and economics. The series was designed to cultivate Chinese
investors in their perspective and insight on the world capital markets. With
solid support from academic research groups, the press continually puts out
first-class quality publications and has won hundreds of awards from
provincial and ministerial levels and above.

According to the publisher, their translation series "provides an
overview of both the past and the present by describing the magnificent
history of the development of the money market, demonstrating the rise of
some of the world’s richest people, as well as revealing stories behind the
scenes related to investment banks on Wall Street."

Now that Wall Street has been bailed out by the Federal government and
back to business as usual-handing out obscene bonuses while Main Street
suffers and plotting ways to circumvent new government regulations,
Schooley’s account may well serve as a manual for investors in the Asian
markets should they discover their own financial titans following in the
footsteps of Merrill and other firms that put personal greed ahead of public
trust.

"Merrill Lynch has sullied its reputation as a result of numerous
scandals-despite second and third chances it was given to clean up its act,"
warns Schooley. "Let’s hope China gets it right the first time."

Schooley’s current project-a feature-length film-is in its early stages.
The author says, "I believe the silver screen will provide an incredible view
and dramatically capture the corruption and players involved." The cinematic
presentation will depict the massive corruption on Wall Street and in
particular, at Merrill Lynch.

Additional information available at: http://www.TheCostCouldBeFatal.com.

SOURCE: Keith Schooley

CONTACT: Keith Schooley,
+1-580-242-3030,
keithschooley@sbcglobal.net