An inside account of how washington abandoned main street while rescuing wall street barofsky, neil on. And his new account, a book titled bailout free press, to be. Barofsky is an accomplished trial lawyer and wellknown authority on a variety of issues at the intersection of economics, law, business, policy and politics. Neil barofskys bailout as an anthropological study of. Neil barofskys journey into a bailout buzz saw fair. Tell my audience where that pressure came from, and what were you to do in response to it. Bailout ebook by neil barofsky official publisher page. The title of barofskys book after bailout is how washington abandoned main street while rescuing wall street, but in a book that always argues with itself, barofsky writes with a. Well, first of all, thank you for the kind comments about the book. Bailout book by neil barofsky official publisher page.
And, you know, i was told in no uncertain terms that because of my approach, and. Start a free 30day trial today and get your first audiobook free. Bailout is a jawdropping playbyplay of how the treasury department bungled the financial bailouts. Throughout barofskys 27 months in office, members of congress on both sides of the aisle and neil barofskys office worked together to attempt to reign in the worst of treasurys abuses. In this riveting account of the mishandling of the tarp bailout fund, a former federal prosecutor offers behindthescen. Neil barofsky, old foe of bank bailouts, said to be a.
Even though by now we know most what neil barofsky packs into his book, bailout. Usa today at the height of the financial crisis in 2008, neil barofsky gave up his job as a prosecutor in. An insider of both the bush and obama administrations off. As the special inspector general in charge of overseeing the distribution of the bailout money, neil barofsky found that the officials at the treasury department were in thrall to the interests of big banks. Neil barofsky was the inspector general for the federal bailout of the banks more than ten years ago. Barofsky worked alongside abramowitz himself during the trial, handling a few witnesses and even arguing a motion.
Neil barofsky, special inspector general for the troubled asset relief program tarp, speaks during a hearing of the senate finance committee on. An inside account of how washington abandoned main street while rescuing wall street, is a necessary addition to. Why neil barofskys book bailout matters naked capitalism. Neil barofskys book bailout an inside account of how washington abandoned main street while rescuing wall street, leaves no doubt that in his mind the american taxpayers have struck out and the big banks continue their winning streak. Bailout is a jawdropping playbyplay of how the treasury department bungled the financial bailoutswith a prosecutors logic and copious footnotes, barofsky makes it clear that things are rarely what they seem in washington. Bailout ebook by neil barofsky 9781451684940 rakuten kobo. Bailout is a riveting account of barovskys plunge into the political meat grinder of washington, as well as a vital revelation of just how captured by wall street our. How washington abandoned main street while rescuing wall street, it remains worth reading as an indepth, consolidated account of how the bush and obama administrations pretended to be supporting overwhelmed home owners while pumping hundreds of billions into. An inside account of how washington abandoned main street while rescuing wall february 8, 2012 prosecution of wall street banks.
You felt a lot of pressure i still think your book bailout is one of the most important to read. Bailout an inside account of how washington abandoned main street while rescuing wall street book. Neil barofsky on bailouts, tarp, and whether it was. Bailout book by neil barofsky official publisher page simon.
The troubled assets relief program tarp was the formal name for what we often just call the bailout. With a prosecutors logic and copious footnotes, barofsky makes it clear that things are rarely what they seem in washington. Neil barofsky on the broken promises of the bank bailouts money. He discusses his new personal narrative titled bailout. Barofsky was a federal prosecutor in new york in 2008 when his boss encouraged him to apply for a newly created position in washington, d. Neil barofskys adventures in groupthink city rolling stone. An inside account of how washington abandoned main street while rescuing wall street, his account of serving as special inspector general of the. An inside account of how washington abandoned main street while rescuing wall street, is a playbyplay, behindthescenes account of insiderdealing and mishandling of financial bailouts by the u. In vivid behindthescenes detail, he reveals proof of the.
Neil barofsky, of new york, nominated by president george w. Harry hamburg associated press by michael hiltzik business columnist. At the height of the financial crisis in 2008, neil barofsky gave up his job as a prosecutor in the esteemed us attorneys 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. Barofskys bio of the time he was a tarp watchdog this book is a great story if you know absolutely nothing about how washington works. The pressures came from a lot of different directions. In his new book about that experience, bailout, he writes that the american people should be enraged by the broken promises to main street and. Bill moyers and neil barofsky on big bailouts nationofchange.
Neil barofsky on too big to fail and the next financial. His book is an insiders account of how the financial crisis of 2008 was handled in washington dc and it is not a pretty sight. From the opening of this latest book on the governments mishandling of the 20089 financial crisis, neil barofsky establishes his populist narrative from his twoplus years as the tarp cop. Bush to be special inspector general for the troubled asset relief program, speaks at. Now a partner at a private law firm, without access to power he once wielded as a federal prosecutor, he has managed to secure a familiar role.
In vivid detail he reveals how they failed to hold the banks. Read bailout an inside account of how washington abandoned main street while rescuing wall street by neil barofsky available from rakuten kobo. Behold, neil barofsky is the second coming of christ. From the opening of this latest book on the governments mishandling of the 20089 financial crisis, neil barofsky establishes his populist narrative from his. Author neil barofsky headed sigtarp as special inspector general over tarp which congress authorized and. Neil had an ability to synthesize a ton of material and explain it to the jury in an easytounderstand way, recalls abramowitz. Usa today at the height of the financial crisis in 2008, neil barofsky gave up his job as a prosecutor in the esteemed us attorneys office in new york. Neil barofsky in 2010, when he was special inspector general for the tarp banking bailout. Bailout is a riveting account of barofskys plunge into the political meat. In his scathing new book, barofsky says taxpayers got shafted while the rich got richer a true expose.
How washington abandoned main street while rescuing wall street by neil barofsky and it was a gripping read. The book is a memoir, and it starts just before barofsky went to washington as sigtarp, recounting briefly his career in the us attorneys office in. Neil barofsky isnt going to like this, but the first person i thought of when i read the former tarp inspector generals book, bailout, was g. He also casts a large vote of noconfidence in treasury secretary tim geithner. Bailout is a riveting account of barofskys 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.
Neil barofsky was a government gadfly who made a career of needling, and at times pillorying, wall street and washington over the 2008 bank bailouts. In this riveting account of the mishandling of the tarp bailout fund, a former federal prosecutor offers behindthescenes proof of the corrupt ways washington officials serve the interests of wall street. Neil barofsky, who served as the special inspector general for the troubled asset relief program from december of 2008 to february 14, 2011, has a new book out, and wow, is it ever a dilly. The title of barofsky s book after bailout is how washington abandoned main street while rescuing wall street, but in a book that always argues with itself, barofsky writes with a.
Now barofsky, the former special inspector general, has written a revealing behindthescenes look at how, he says, the financial bailout programs funds were mishandled in a. As such, he was constantly feuding with democrats and republicans whom he. He impressed the partner with his fledgling courtroom abilities. Bailout bailout is a jawdropping playbyplay of how the treasury department bungled the financial bailouts.
From the opening of this latest book on the governments mishandling of the 20089 financial crisis, neil barofsky establishes his populist. An inside account of how washington abandoned main street while. Bailout by neil barofsky august 23, 2017 i really didnt believe the figure of total commitments made during the financial crisis until i saw the backup documents that had been provided by each of the agencies themselves. Our guest is neil barofsky, the former special inspector general in charge of oversight for the troubled asset relief program sigtarp. In this bracing, pageturning account of his strangerthanfiction baptism into the corrupted ways of washington, neil barofsky offers an irrefutable insider indictment of the mishandling of. Bailout by neil barofsky, 9781451684933, available at book depository with free delivery worldwide.