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

Book Cover
Average Rating
Published:
[United States]: Blackstone Audio, Inc., 2012.
Format:
eAudiobook
Edition:
Unabridged.
ISBN:
9781481593038 (sound recording : hoopla Audio Book), 148159303X (sound recording : hoopla Audio Book)
Content Description:
1 online resource (1 audio file (9hr., 27 min.)) : digital.
Status:
Available Online
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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Language:
English

Notes

Restrictions on Access
Digital content provided by hoopla.
Participants/Performers
Read by Joe Barrett.
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.
System Details
Mode of access: World Wide Web.
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Citations
APA Citation (style guide)

Barofsky, N. M., & Barrett, J. (2012). Bailout: an inside account of how Washington abandoned Main Street while rescuing Wall Street. Unabridged. [United States]: Blackstone Audio, Inc.

Chicago / Turabian - Author Date Citation (style guide)

Barofsky, Neil M and Joe Barrett. 2012. Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street. [United States]: Blackstone Audio, Inc.

Chicago / Turabian - Humanities Citation (style guide)

Barofsky, Neil M and Joe Barrett, Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street. [United States]: Blackstone Audio, Inc, 2012.

MLA Citation (style guide)

Barofsky, Neil M., and Joe Barrett. Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street. Unabridged. [United States]: Blackstone Audio, Inc, 2012.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Grouped Work ID:
ca500bd4-9cbd-75ec-cee9-5ed009c320c9
Go To Grouped Work

Hoopla Extract Information

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MARC Record

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