Download Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street AudioBook Free
An insider of both Bush and Obama administrations provides an irrefutable indictment of the mishandling of the $700 billion Stressed Asset Pain relief Program bailouts and the extreme level to which our government officials-from both parties-served the interests of Wall Avenue at the expense of the general public. From his first day face to face as the special inspector basic responsible for overseeing the distribution of the bailout money, Neil Barofsky found that the officials at the Treasury Team responsible for the bailouts were in thrall to the interests of the top banks. In stunning behind-the-scenes detail he reveals the way they steadfastly failed to hold the bankers accountable even while they disregarded major job deficits caused by the auto bailouts and refused to help battling homeowners. He discloses how the team at the Treasury under Secretary Timothy Geithner caused Wall Street executives to design programs that could have funneled vast amounts of taxpayer money with their companies and allowed those to game the market segments and make huge income with almost no risk and no accountability. Providing stark details about how-through a blend of absolute incompetence and a serious disregard of the plight of homeowners-the interests of the broader community were betrayed, he recounts how an extremely aggressive conflict was waged by the Treasury against his attempts to raise the alarm about the failures. Bailout is a riveting bank account of his plunge in to the political meats grinder of Washington, as well as a essential revelation of precisely how captive to Wall structure Street our political system is and why the too-big-to-fail bankers have only become bigger and more threatening in the wake of the crisis. Neil Barofsky is currently a older fellow at NY University College of Legislation. From Dec 2008 until March 2011, he offered as the special inspector basic responsible for oversight of the Stressed Asset Pain relief Program. Before that he was a national prosecutor in america Attorney's Office for the Southern Region of NY. Bailout is his first publication.
