Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall StreetIn 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. |
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LibraryThing Review
User Review - branjohb - LibraryThingHere is another one of those books that I put in the category as a tell all, shameless commercial exploitation. The author worked for the government during the bailouts so he decided to write a book ... Read full review
LibraryThing Review
User Review - BruceCoulson - LibraryThingThe ultimate insider account of what exactly happened during the much vaunted 'bailout' of major financial institutions. Barofsky was appointed as a watchdog of the government agency that distributed funds; Neil's account of what happened is at once hilarious, sobering, and infuriating. Read full review
Contents
| 1 | |
Hank Wants to Make It Work | 20 |
The Lapdog the Watchdog and the Junkyard | 64 |
Drinking the Wall Street KoolAid | 79 |
The Worst Thing That Happens We Go Back Home | 98 |
By Wall Street for Wall Street | 121 |
Foaming the Runway | 138 |
The Audacity of Math | 159 |
Other editions - View all
Bailout: How Washington Abandoned Main Street While Rescuing Wall Street Neil Barofsky Limited preview - 2013 |
Common terms and phrases
agencies AIG’s Allison announced asked Asset Relief Program audit bailout Barofsky billion bonds borrowers Burck called CDOs Citigroup Committee confirmation confirmed couldn’t credit default swap criminal dealerships didn’t e-mail executives FARC Federal Reserve figure finally Financial financial crisis financial system find firm first five foreclosure funds Geithner going Goldman Sachs Grassley Gretchen Morgenson HAMP Hank Paulson hearing home owners Ibid interview investigations investors Karen Kashkari Kevin later lending loans looked meeting Mike Modification Program modifications mortgage fraud mortgage-backed securities Office officer oflice Paulson payments percent potential PPIP president profits prosecutors Quarterly Report Refco Report to Congress response Sachs secretary Senate servicers significant SIGTARP special inspector staffers TALF taxpayer thing Thorson thought Timothy Geithner told too-big-to-fail Trea Treasury officials Treasury’s trial modifications trillion Troubled Asset Relief U.S. Government Printing Wall Street wanted Washington Post White House York Fed
Bibliographic information
| Title | Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street |
| Author | Neil Barofsky |
| Edition | reprint |
| Publisher | Simon and Schuster, 2012 |
| ISBN | 1451684940, 9781451684940 |
| Length | 288 pages |
| Subjects | › › Biography & Autobiography / Political Business & Economics / General Political Science / American Government / General |
| Export Citation | BiBTeX EndNote RefMan |