Bailout An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street |
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| Author:
| Barofsky, Neil |
| Read by:
| Barrett, Joe |
| ISBN: | 978-1-4708-3220-9 |
| Publication Date: | Jul 2012 |
| Publisher: | Blackstone Audio, Incorporated
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| Book Format: | CD-Audio |
| List Price: | USD $29.95 |
Book Description:
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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 were in thrall to the interests of big banks. In vivid detail he reveals how they failed to hold the banks accountable even as they disregarded major job losses and refused to help struggling homeowners. Providing stark details about how—through a combination of sheer incompetence and disregard of the homeowners'...
More DescriptionAs the special inspector general in charge of overseeing the distribution of the bailout money, Neil Barofsky found that the officials at the Treasury Department were in thrall to the interests of big banks. In vivid detail he reveals how they failed to hold the banks accountable even as they disregarded major job losses and refused to help struggling homeowners. Providing stark details about how—through a combination of sheer incompetence and disregard of the homeowners' plight—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.