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Bailout : An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street by Neil Barofsky is a book available to read on EtoBox.

What is Bailout : An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street about?

In this'jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts'(USA TODAY), a former federal prosecutor offers behind-the-scenes proof of the corrupt ways Washington officials serve the interests of Wall Street. At the height of the financial crisis in 2008, Neil Barofsky gave up his job as a prosecutor in the esteemed US Attorney's Office in New York City, where he had convicted drug kingpins, Wall Street executives, and perpetrators of mortgage fraud, to become the inspector general in charge of overseeing administration of the bailout money. From the onset, his efforts to protect against fraud and to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts. In this bracing, page-turning account Barofsky offers an insider's perspective on the mishandling of the $700 billion TARP (Troubled Asset Relief Program) bailout fund. With vivid behind-the-scenes detail, he reveals the extreme lengths to which our government officials were willing to go in order to serve the interests of Wall Street firms at the expense of the broader public—and at the expense of effective

Author

Neil Barofsky

Publisher

Free Press/Simon & Schuster, Inc. (NYC)

Published

2014

Language

EN

ISBN

9781451684957

Subjects

Political Science, Memoir, Business

Rating

3.9 / 5 (1,177 ratings)

Updated

2026-03-13