Bailout

how I watched Washington rescue Wall Street while abandoning Main Street

Hardcover, 286 pages

English language

Published May 2, 2012 by Free Press.

ISBN:
978-1-4516-8493-3
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In this account of his stranger-than-fiction baptism into the corrupted ways of Washington, Neil Barofsky offers an irrefutable indictment, from an insider of the Bush and Obama administrations, of the mishandling of the $700 billion TARP bailout fund. In behind-the-scenes detail, he reveals proof of the extreme degree to which our government officials bent over backward to serve the interests of Wall Street firms at the expense of the broader public--and at the expense of effective financial reform. During the height of the financial crisis in 2008, Barofsky gave up his job as a prosecutor in the U.S. Attorney's office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the special inspector general in charge of oversight of the spending of the bailout money. From his first day on the job, his efforts to protect against fraud and to …

2 editions

Subjects

  • Rich people
  • Corporate debt
  • Finance
  • Troubled Asset Relief Program (U.S.)
  • Subsidies
  • Global Financial Crisis, 2008-2009
  • Banks and banking

Places

  • United States