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Bailout: an inside account of how Washington abandoned Main Street while rescuing Wall Street

Book Cover
Average Rating
Publisher:
Blackstone Audio, Inc. ,
Pub. Date:
2012.
Edition:
Unabridged.
Language:
English
Description
An insider of both the Bush and Obama administrations offers an irrefutable indictment of the mishandling of the $700 billion Troubled Asset Relief Program bailouts and the extreme degree to which our government officials-from both parties-served the interests of Wall Street at the expense of the public. From his first day on the job as the special inspector general in charge of overseeing the distribution of the bailout money, Neil Barofsky found that the officials at the Treasury Department in charge of the bailouts were in thrall to the interests of the big banks. In vivid behind-the-scenes detail he reveals how they steadfastly failed to hold the banks accountable even as they disregarded major job losses caused by the auto bailouts and refused to help struggling homeowners. He discloses how the team at the Treasury under Secretary Timothy Geithner worked with Wall Street executives to design programs that would have funneled vast amounts of taxpayer money to their firms and allowed them to game the markets and make huge profits with almost no risk and no accountability. Providing stark details about how-through a combination of sheer incompetence and a profound disregard of the plight of homeowners-the interests of the broader public were betrayed, he recounts how an increasingly aggressive war was waged by the Treasury against his efforts to raise the alarm about the failures. Bailout is a riveting account of his plunge into the political meat grinder of Washington, as well as a vital revelation of just how captive to Wall Street our political system is and why the too-big-to-fail banks have only become bigger and more dangerous in the wake of the crisis.
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ISBN:
9781481593038
148159303
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Grouping Information

Grouped Work ID ca500bd4-9cbd-75ec-cee9-5ed009c320c9
Grouping Title bailout an inside account of how washington abandoned main street while rescuing wall street
Grouping Author barofsky neil m
Grouping Category book
Last Grouping Update 2019-02-26 01:50:18AM
Last Indexed 2019-04-20 03:21:28AM

Solr Details

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accelerated_reader_point_value 0
accelerated_reader_reading_level 0
auth_author2 Barrett, Joe, 1950-
author Barofsky, Neil M.
author2-role Barrett, Joe,1950-, hoopla digital.
author_display Barofsky, Neil M
display_description An insider of both the Bush and Obama administrations offers an irrefutable indictment of the mishandling of the $700 billion Troubled Asset Relief Program bailouts and the extreme degree to which our government officials-from both parties-served the interests of Wall Street at the expense of the public. From his first day on the job as the special inspector general in charge of overseeing the distribution of the bailout money, Neil Barofsky found that the officials at the Treasury Department in charge of the bailouts were in thrall to the interests of the big banks. In vivid behind-the-scenes detail he reveals how they steadfastly failed to hold the banks accountable even as they disregarded major job losses caused by the auto bailouts and refused to help struggling homeowners. He discloses how the team at the Treasury under Secretary Timothy Geithner worked with Wall Street executives to design programs that would have funneled vast amounts of taxpayer money to their firms and allowed them to game the markets and make huge profits with almost no risk and no accountability. Providing stark details about how-through a combination of sheer incompetence and a profound disregard of the plight of homeowners-the interests of the broader public were betrayed, he recounts how an increasingly aggressive war was waged by the Treasury against his efforts to raise the alarm about the failures. Bailout is a riveting account of his plunge into the political meat grinder of Washington, as well as a vital revelation of just how captive to Wall Street our political system is and why the too-big-to-fail banks have only become bigger and more dangerous in the wake of the crisis.
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format_category_catalog Audio Books, eBook
id ca500bd4-9cbd-75ec-cee9-5ed009c320c9
isbn 148159303, 9781481593038
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itype_catalog
last_indexed 2019-04-20T09:21:28.242Z
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primary_isbn 9781481593038
publishDate 2012
record_details hoopla:MWT10024199|eAudiobook|Audio Books|Unabridged.|English|Blackstone Audio, Inc. ,|2012.|1 online resource (1 audio file (9hr., 27 min.)) : digital.
recordtype grouped_work
scoping_details_catalog
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
hoopla:MWT10024199 Available Online Available Online false true false false false false
subject_facet Banks and banking -- Subsidies -- United States, Corporate debt -- United States, Finance -- Subsidies -- United States, Global Financial Crisis, 2008-2009, Rich people -- United States, Troubled Asset Relief Program (U.S.)
title_display Bailout : an inside account of how Washington abandoned Main Street while rescuing Wall Street
title_full Bailout : an inside account of how Washington abandoned Main Street while rescuing Wall Street [electronic resource] Barofsky, Neil M.
title_short Bailout :
title_sub an inside account of how Washington abandoned Main Street while rescuing Wall Street
topic_facet Banks and banking, Corporate debt, Finance, Global Financial Crisis, 2008-2009, Rich people, Subsidies