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

Bailout by Neil Barofsky
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In this riveting account of the mishandling of the TARP bailout fund, a former federal prosecutor offers behind-the-scenes proof of the corrupt ways Washington officials serve the interests of Wall Street.

In this bracing, page-turning account of his stranger-than-fiction baptism into the corrupted ways of Washington, Neil Barofsky offers an irrefutable insider indictment of the mishandling of the $700 billion TARP bailout fund. During the height of the financial crisis in 2008, Barofsky gave up his job in the esteemed US Attorney’s Office in New York City to become the special inspector general overseeing the spending of the bailout money. But from day one his efforts to protect against fraud and to hold the big banks accountable were met with outright hostility from Treasury officials. Bailout is a riveting account of Barofsky’s plunge into the political meat grinder of Washington, and a vital revelation of just how captured by Wall Street our political system is and why the banks have only become bigger and more dangerous in the wake of the crisis.
Free Press; July 2012
256 pages; ISBN 9781451684940
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Title: Bailout
Author: Neil Barofsky
  • News
Geithner Book Rekindles Barofsky Hatefest - National Review Online (blog)
Sat, 10 May 2014 19:10:04 -0700
Huffington PostGeithner Book Rekindles Barofsky HatefestNational Review Online (blog)But at least one of his former associates ...
Neil Barofsky on the “Broken Promises” of the Bank Bailouts - FRONTLINE
Wed, 01 Aug 2012 08:07:04 -0700
FRONTLINENeil Barofsky on the “Broken Promises” of the Bank BailoutsFRONTLINEIn his new book about that experience, Bailout, he ...
New York Times 'Bailout' Review Incomprehensible, Dismissive - Huffington Post
Wed, 25 Jul 2012 14:48:30 -0700
New York Times 'Bailout' Review Incomprehensible, DismissiveHuffington PostIt was never my intention to turn my output ...