Bailout - Neil Barofsky

Bailout

By Neil Barofsky

  • Release Date: 2012-07-24
  • Genre: Politics & Current Events
Score: 4
4
From 133 Ratings

Description

In this riveting account of the mishandling of the TARP bailout fund, a former federal prosecutor offers behind-the-scenes proof of the corrupt ways Washington officials serve the interests of Wall Street.

In this bracing, page-turning account of his stranger-than-fiction baptism into the corrupted ways of Washington, Neil Barofsky offers an irrefutable insider indictment of the mishandling of the $700 billion TARP bailout fund. During the height of the financial crisis in 2008, Barofsky gave up his job in the esteemed US Attorney’s Office in New York City to become the special inspector general overseeing the spending of the bailout money. But from day one his efforts to protect against fraud and to hold the big banks accountable were met with outright hostility from Treasury officials. Bailout is a riveting account of Barofsky’s plunge into the political meat grinder of Washington, and a vital revelation of just how captured by Wall Street our political system is and why the banks have only become bigger and more dangerous in the wake of the crisis.

Reviews

  • Disheartening!

    4
    By jen169
    It bothers me to know that their are so many politicians that have so little regard for the American publics opinion and taxpayer. But to know that their are a few Barofsky's out there fighting for what is right gives me some relief. This book is an eye opener.
  • Incredibly insightful

    5
    By flydiversd
    Shines a bright light on the incredible incompetence and politically motivated favoritism given Wall Street and the horrific injustice imposed on homeowners the TARP programs were supposedly designed to help and protect. Clearly emphasizes the Treasury's consistent, and often successful, attempts at blocking transparency and accountability, and their refusal to consider virtually any attempt to avoid fraud by financial institutions, but still leaves us wondering why.
  • WOW

    5
    By Cbrooklyn112
    Only in America. Barofsky for President.
  • None

    5
    By Onegoodturk
    This man is a hero.
  • what every taxpayer should know

    5
    By FRED Cardenas
    Great book! It highlights why transparency is so important! Peels back the cover of secrecy that government too often hides behind. Special thanks to those at SIGTARP who worked so hard and put up with all the abuse to protect the US taxpayer. The SIGTARP model is one all regulators should strive to achieve!

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