Bailout

Name: Bailout
Price: 30.46 AUD
Availability: OutOfStock
ISBN: 9781451684957

Neil Barofsky

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Paperback

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English

Free Press
05 February 2013

History of the Americas; Political science & theory; Central government policies; Economics & Business; Political economy; Economic history

In this ""jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts"" (USA TODAY), a former federal prosecutor offers behind-the-scenes proof of the corrupt ways Washington officials serve the interests of Wall Street. At 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--and at the expense of effective financial reform. Bailout is a riveting account of Barovsky's plunge into the political meat grinder of Washington, as well as a vital revelation of just how captured by Wall Street our political system is and why the too-big-to-fail banks have become even bigger and more dangerous in the wake of the crisis.

By: Neil Barofsky
Imprint: Free Press
Country of Publication: United States
Dimensions: Height: 211mm, Width: 137mm, Spine: 23mm
Weight: 249g
ISBN: 9781451684957
ISBN 10: 1451684959
Pages: 304
Publication Date: 05 February 2013
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Reviews for Bailout

[Neil Barofsky is] a born writer . Bailout is a kind of Alice in Wonderland tale of an ordinary, sane person disappearing down into a realm of hallucinatory dysfunction, with Tim Geithner playing the role of the Mad Hatter and Barofsky the increasingly frustrated Alice who realizes he's stuck at the stupidest tea party he ever was at wry morbidly funny one of the best. --Matt Taibbi Rolling Stone