Download The Payoff: Why Wall Street Always Wins AudioBook Free

From January 2009, The Payoff lays bare Washington's culture of electric power and plutocracy. It's the storyline of the 20-month struggle by Senator Ted Kaufman and Jeff Connaughton, his key of staff, to hold Wall Street executives in charge of securities fraud, stop stock manipulation by high-frequency traders, and break up too-big-to-fail megabanks. This reserve takes us inside their dogged crusade against institutional inertia and industry impact as they encounter an outright reluctance by the Obama administration, the Justice Office, and the Securities and Exchange Commission rate to treat Wall Street offences with the gravity they are entitled to. On financial reforms, Connaughton criticizes Democrats for counting on the very Wall Avenue technocrats who possessed failed to avoid the turmoil and Republicans for staunchly opposing real reforms, generally to enjoy a golden opportunity to siphon fundraising dollars from the Wall Street executives who had increased millions to choose Barack Obama president. Connaughton, a ex - attorney in the Clinton White House, illuminates the pivotal occasions and key decisions in the battle for financial reform that contain gone basically unreported. His arch, nonpartisan consideration chronicles the reasons why Wall Street's most detrimental offenses were left unpunished - and why it's likely that the 2008 debacle may happen again.

Category: History & Theory