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Item Information       Summary     More Content     More by this author     Barofsky, Neil M.     Subjects     Troubled Asset Relief Program (U.S.)     Finance -- Subsidies -- United States.     Banks and banking -- Subsidies -- United States.     Corporate debt -- United States.     Global Financial Crisis, 2008-2009.     Rich people -- United States.     Browse Catalog     by author:      Barofsky, Neil M.       by title:      Bailout [electronic ...         MARC Display

Bailout [electronic resource] : an inside account of how Washington abandoned Main Street while rescuing Wall Street / by Neil Barofsky. by Barofsky, Neil M. [Ashland, Or.] : Blackstone Audio, Inc., 2012. Subjects Troubled Asset Relief Program (U.S.)   Finance -- Subsidies -- United States.   Banks and banking -- Subsidies -- United States.   Corporate debt -- United States.   Global Financial Crisis, 2008-2009.   Rich people -- United States. Electronic Resource http://hawaii.lib.overdrive.com/ContentDetails.htm?ID=35BDF014-167C-4984-AD1F-86B3AF6AA941 This title is available online; click here to access Electronic Resource http://excerpts.contentreserve.com/FormatType-25/0887-1/984572-Bailout.wma ISBN:  9781470832261 (electronic audio bk.) 1470832267 (electronic audio bk.) Description:  1 sound file (9 hr., 27 min., 3 sec.) : digital. Requests:  0 Summary:  An insider of both the Bush and Obama administrations offers an irrefutable indictment of the mishandling of the $700 billion Troubled Asset Relief Program bailouts and the extreme degree to which our government officials--from both parties--served the interests of Wall Street at the expense of the public. From his first day on the job 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 in charge of the bailouts were in thrall to the interests of the big banks. In vivid behind-the-scenes detail he reveals how they steadfastly failed to hold the banks accountable even as they disregarded major job losses caused by the auto bailouts and refused to help struggling homeowners. He discloses how the team at the Treasury under Secretary Timothy Geithner worked with Wall Street executives to design programs that would have funneled vast amounts of taxpayer money to their firms and allowed them to game the markets and make huge profits with almost no risk and no accountability. Providing stark details about how--through a combination of sheer incompetence and a profound disregard of the plight of homeowners--the interests of the broader public were betrayed, he recounts how an increasingly aggressive war was waged by the Treasury against his efforts to raise the alarm about the failures.   Copy/Holding information No Item Information

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