Bailout: How Washington Abandoned Main Street While Rescuing Wall Street
| Author | : | |
| Rating | : | 4.37 (860 Votes) |
| Asin | : | 1451684959 |
| Format Type | : | paperback |
| Number of Pages | : | 304 Pages |
| Publish Date | : | 2014-10-26 |
| Language | : | English |
DESCRIPTION:
An alum of the University of Pennsylvania and the New York University School of Law, this is his first book. Currently, Neil Barofsky is a senior fellow at New York University School of Law. Neil Barofsky served as the Special Inspector General in charge of overseeing TARP from December 2008 until Mar
“Bailout is a jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts…With a prosecutor’s logic and copious footnotes, Barofsky makes it clear that things are rarely what they seem in Washington.”—USA TODAYAt the height of the financial crisis in 2008, Neil Barofsky gave up his job as a prosecutor in the esteemed US Attorney’s Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money. From the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts.In this bracing, page-turning account Barofsky offers an insider’s perspective on the mishandling of the $700 billion TARP (Troubled Asset Relief Program) bailout fund. With vivid behind-the-scenes detail, he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader public&mda
"The American People Should Lose Faith in their Government." James R. Holland In the last couple of months, I've read and reviewed another book by a former Goldman Sacks banker who also thought the Wall Street banks had gone to heck in a hand basket. In his book, "Survival Investing: How to Prosper Amid Thieving Banks and Corrupt Governments," John Talbott entitled one of the chapters "Corruption In The Banks" a. Five Stars great. A trip to the sausage factory Of the myriad books written about different aspects of the financial meltdown, "Bailout" does a better job than many of making the financial complexities clear to the average reader. He also makes it painfully clear -- if it wasn't already -- that those with whom we entrust the most important decisions affecting our lives are not alway
Louis Post-Dispatch)“An explosive account of the mishandling of the Troubled Asset Relief Program funds.” (Fort Worth Star-Telegram)“Barofsky unleashes a blistering attack on President Barack Obama’s Treasury Department and its management of government bailout programs.” (Politico)“In Bailout, Barofsky gives a detailed account of just how far-reaching, and how much, the corruption spread.” (Publishers Weekly)"Best book about the financial crisis yet" (Peter Osnos The Atlantic) . Taxpayers who feel helpless in the midst of the extended economic recession are likely to feel energized to