عنوان

The payoff :

1935212966

1935212974 (e-book)

9781935212966

9781935212973 (e-book)

b423198

The payoff :

[Book]

why Wall Street always wins /

Jeff Connaughton

First edition

viii, 277 pages ;

23 cm

The Accidental Senator -- Hunting for Financial Fraud -- "Please Stay Involved in Politics" -- Where are the Cases? -- Lehman and WaMu -- What Had Gone Wrong? -- Wall Street Vetoes the President -- Inside the Influence Industry -- Capital of Hypocrisy -- The Blob -- The Rise of the Machines -- The Flash Crash -- Waterloo -- Battling the Megabanks -- Still Too Big to Fail

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Beginning in January 2009, The Payoff lays bare Washington's culture of power and plutocracy. It's the story of the twenty-month struggle by Senator Ted Kaufman and Jeff Connaughton, his chief of staff, to hold Wall Street executives accountable for securities fraud, to stop stock manipulation by high-frequency traders, and to break up too-big-to-fail megabanks. This book takes us inside their dogged crusade against institutional inertia and industry influence as they encounter an outright reluctance by the Obama administration, the Justice Department, and the Securities and Exchange Commission to treat Wall Street crimes with the gravity they deserve. On financial reforms, Connaughton criticizes Democrats for relying on the very Wall Street technocrats who had failed to prevent the crisis and Republicans for staunchly opposing real reforms primarily to enjoy a golden opportunity to siphon fundraising dollars from the Wall Street executives who had raised millions to elect Barack Obama president. Connaughton, a former lawyer in the Clinton White House, illuminates the pivotal moments and key decisions in the fight for financial reform that have gone largely unreported. His arch, nonpartisan account chronicles the reasons why Wall Street's worst offenses were left unpunished, and why it's likely that the 2008 debacle will happen again

Why Wall Street always wins

Kaufman, Edward E.,1939-

Financial crises-- United States-- History-- 21st century

Financial institutions-- Law and legislation-- United States

Global Financial Crisis, 2008-2009

Investment banking-- United States

Lobbying-- United States

Political corruption-- United States-- History-- 21st century

Securities fraud-- United States-- History-- 21st century

Stock exchanges-- Law and legislation-- United States

Connaughton, Jeff,1959-

20131114113331.0

rda

[Book]

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