Books > Hot New Releases > Politics & Social Sciences





Price: $16.13 ($24.95)

(as of 2012-10-06 20:40:18 PST)

You save $8.82 (35%)

Usually ships in 24 hours

Politics & Social Sciences

Rating: 4.6 / 5.0 (12 votes)

Released: 2012-09-18

Buying Choices

23 new from $15.60
6 used from $18.10

(as of 2012-10-06 20:40:18 PST)








The Payoff: Why Wall Street Always Wins by Jeff Connaughton

Description

Lobbyist, White House Lawyer, and Senate Aide on the Power of America’s Plutocracy to Avoid Prosecution and Subvert Financial Reform


Beginning in January 2009, THE PAYOFF lays bare Washington’s culture of power and plutocracy. It’s the story of the twenty-month struggle by Senator Ted Kaufman and Jeff Connaughton, his chief of staff, to hold Wall Street executives accountable for securities fraud, to stop stock manipulation by high-frequency traders, and to break up too-big-to-fail megabanks.


This book takes us inside their dogged crusade against institutional inertia and industry influence as they encounter an outright reluctance by the Obama administration, the Justice Department, and the Securities and Exchange Commission to treat Wall Street crimes with the gravity they deserve. On financial reforms, Connaughton criticizes Democrats for relying on the very Wall Street technocrats who had failed to prevent the crisis and Republicans for staunchly opposing real reforms primarily to enjoy a golden opportunity to siphon fundraising dollars from the Wall Street executives who had raised millions to elect Barack Obama president.


Connaughton, a former lawyer in the Clinton White House, illuminates the pivotal moments and key decisions in the fight for financial reform that have gone largely unreported. His arch, nonpartisan account chronicles the reasons why Wall Street’s worst offenses were left unpunished, and why it’s likely that the 2008 debacle will happen again.

Check All OffersAdd to Wish ListCustomer ReviewsTrade-In List

Book Details

Author: Jeff ConnaughtonPublisher: Prospecta PressBinding: HardcoverLanguage: EnglishPages: 288

Similar Books

Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself
Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You
THE BUBBLE AND BEYOND
Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America


Comments




Become a fan of Book Presence on Facebook for the inside scoop on latest and most exclusive books.