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  • Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

    • UNABRIDGED (9 hrs and 26 mins)
    • By Neil Barofsky
    • Narrated By Joe Barrett
    • Whispersync for Voice-ready
    Overall
    (180)
    Performance
    (149)
    Story
    (150)

    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.

    Schulte says: "Must Read on Wall Street and TARP"
    "Party politics are meaningless - Banks rule us."
    Overall
    Performance
    Story

    This was a very open and honest story about how our government caters to big business, in this case banks, and the rest of us are just a vehicle for them to do so. At the end of the day our wallets and purses are all our elected officials care about; not our needs and protection. The Constitution states that the purpose for the federal government is to protect the people. This book makes it abundantly clear that is a meaningless charge when it comes to the latest group of "for sale" administrations. Bush setup TARP and Obama ran it. And both Administrations lied to the public when it came to how the funds would be used to pass it, and all of them made sure the Banks (and Wall Street) were protected in the mortgage bailout, while we picked up the tab and did not get anything for our money!!

    This book was written by someone that knows where all the bodies are buried and whose job it was to police these bailouts. He was our advocate in Washington by Congressional mandate and he was ignored and considered an obstacle by the crooks in the Treasury department. It is those appointees, who should be in jail for fraud along with the bankers that ripped off everyone, but instead they were given a free pass and bonuses by their Wall Street pals in the Treasury Department with taxpayer bailout funds!! And it should come as no surprise that they are positioning us for another round of rip-offs as I write this review, but no one seems to notice or care. The occupy Wall Street crowd was not wrong, just too unfocused. In the end, this book proves that we as Americans have a serious problem with our system and elected officials. They only care about money and power, and those of you loyal to a political party are just their pawns in a much bigger game where you are the cannon fodder. Believing in any politician is like believing in the Easter bunny because they all have their hand out and this book helps to prove that assertion.

    This is a very important book and folks should spend the credit, listen to it, and start voting out these folks. It is clear the writer does not have a political axe to grind because he blames both parties for the endless stream of Wall Street insiders appointed to the Treasury department. IT is very clear that the Treasury Department puts Wall Street first, even when they commit fraud – while the rest of us go to jail for the same crimes they commit daily……

    GET THIS BOOK. INVESTIGATE THE WRITER. HE IS THE REAL DEAL.

    0 of 0 people found this review helpful

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