Bailout
by Neil M. Barofsky · first published 2012
4mentions
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3HN commenters
2016–2024first – last mentioned
33% recommend67% neutral
In this account of his stranger-than-fiction baptism into the corrupted ways of Washington, Neil Barofsky offers an irrefutable indictment, from an insider of the Bush and Obama administrations, of the mishandling of the $700 billion TARP bailout fund. In behind-the-scenes detail, he reveals proof of the extreme degree to which our government officials bent over backward to serve the interests of Wall Street firms at the expense of the broader public--and at the expense of effective financial reform. During the height of the financial crisis in 2008, Barofsky gave up his job as a prosecutor in
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Bailout by Neil Barofsky is very good. https://www.amazon.com/dp/B00818J57W For critical responses to Graeber's book, the Crooked Timber seminar on it is well worth reading. http://crookedtimber.org/category/david-graeber-debt-seminar...
on “White House rolls back protections for people in default on student loans” ↗If you really think you have a say in monetary policy, I suggest you read Barofsky's Bailout.
on “Bitcoin is fiat money, too” ↗In his book 'Bailout', the Special Inspector General of TARP, Neil Barofsky, lists a multitude of reasons as to why so many Americans were wrongly foreclosed on by mortgage servicers. At the top of the list was fraud and…
on “Warner Brothers reports own site as illegal” ↗"Bailout: How Washington Abandoned Main Street While Rescuing Wall Street", Neil Barofsky, page 157 Note though that he is only quoting "off the record" conversations with Treasury Secretary Tim Geithner
on “Owe your banker £1k you are at his mercy; owe him £1m the position is reversed (2019)” ↗