Big Dirty Money

The Shocking Injustice and Unseen Cost of White Collar Crime

By: Jennifer Taub

Narrated by: Eliza Foss

"Taub explicitly and persuasively places the breakdown of enforcement and accountability in the context of money and class."--The New York Times

How ordinary Americans suffer when the rich and powerful use tax dodges or break the law to get richer and more powerful--and how we can stop it.

There is an elite crime spree happening in America, and the privileged perps are getting away with it. Selling loose cigarettes on a city sidewalk can lead to a choke-hold arrest, and death, if you are not among the top 1%. But if you're rich and commit mail, wire, or bank fraud, embezzle pension funds, lie in court, obstruct justice, bribe a public official, launder money, or cheat on your taxes, you're likely to get off scot-free (or even win an election). When caught and convicted, such as for bribing their kids' way into college, high-class criminals make brief stops in minimum security "Club Fed" camps. Operate the scam from the executive suite of a giant corporation, and you can prosper with impunity. Consider Wells Fargo & Co. Pressured by management, employees at the bank opened more than three million bank and credit card accounts without customer consent, and charged late fees and penalties to account holders. When CEO John Stumpf resigned in "shame," the board of directors granted him a $134 million golden parachute.

This is not victimless crime. Big Dirty Money details the scandalously common and concrete ways that ordinary Americans suffer when the well-heeled use white collar crime to gain and sustain wealth, social status, and political influence. Profiteers caused the mortgage meltdown and the prescription opioid crisis, they've evaded taxes and deprived communities of public funds for education, public health, and infrastructure. Taub goes beyond the headlines (of which there is no shortage) to track how we got here (essentially a post-Enron failure of prosecutorial muscle, the growth of "too big to jail" syndrome, and a developing implicit immunity of the upper class) and pose solutions that can help catch and convict offenders.

The Loss of Glass-Steagal has led to Cheating

The Loss of Glass-Steagal has led to rampant cheating. We also need higher taxes on corporations, stiffer laws on corporate crime, and refunding of the IRS.

Very interesting read

Great examples that are very current and relevant - well worth a listen, I would recommend I anyone with an interest in the area

I don't feel crazy anymore!

I stayed up all night listening to this book...it was refreshing to hear all this coming from someone else! I've been saying this for years and most people around me acted surprised or like I am crazy! Thanks Jennifer Taub! I'll be sharing and gifting this book a lot!

Half of it is orange man bad

Does not mention the white collar crimes of pelosi , clinton or biden. I agree only with one ( maybe two ) of her solutions. I actually think she in a way makes a arguement against her own solutions by exsposing the corrupt and almost fascistic relationship between corporate and state.