Bailout by Neil Barofsky
An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

70%

10 Critic Reviews

A courageous, insightful book that offers no cause for optimism.
-Kirkus

Synopsis

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.
 

About Neil Barofsky

See more books from this Author
Neil Barofsky served as the Special Inspector General in charge of overseeing TARP (Troubled Asset Relief Program) from December 2008 until March 2011. For eight years prior, he was a federal prosecutor in the US Attorney’s Office for the Southern District of New York, during which time he headed the Mortgage Fraud Group. Currently, Neil Barofsky is a senior fellow at New York University School of Law. An alum of the University of Pennsylvania and the New York University School of Law, this is his first book.
 
Published July 24, 2012 by Free Press. 290 pages
Genres: Biographies & Memoirs, Business & Economics, History, Political & Social Sciences, Education & Reference. Non-fiction
Bestseller Status:
icon11
Peak Rank on Aug 12 2012
icon5
Weeks as Bestseller
Add Critic Review

Critic reviews for Bailout
All: 10 | Positive: 6 | Negative: 4

Kirkus

Excellent
Aug 01 2012

A courageous, insightful book that offers no cause for optimism.

Read Full Review of Bailout: An Inside Account of... | See more reviews from Kirkus

NY Times

Below average
Reviewed by JACKIE CALMES on Jul 24 2012

Mr. Barofsky’s book adds little of substance to the mini-library on the worst financial crisis since the Depression

Read Full Review of Bailout: An Inside Account of... | See more reviews from NY Times

Huffington Post

Excellent
Reviewed by Jason Linkins on Jul 25 2012

...the book is packed with exciting new details of awfulness, and isn't that why people buy books?

Read Full Review of Bailout: An Inside Account of...

Forbes

Below average
Reviewed by John Tamny on Sep 03 2012

...it’s hard to recommend Bailout mainly because not much new was learned, while a lot of falsehoods in the other crisis books were repeated.

Read Full Review of Bailout: An Inside Account of... | See more reviews from Forbes

NY Times

Below average
Reviewed by JACKIE CALMES on Jul 25 2012

Mr. Barofsky's book adds little of substance to the mini-library on the worst financial crisis since the Depression...

Read Full Review of Bailout: An Inside Account of... | See more reviews from NY Times

USA Today

Excellent
Reviewed by Kathryn Canavan on Aug 12 2012

Bailout is a jaw-dropping play-by-play of how the Treasury Department bungled the financial bailouts.

Read Full Review of Bailout: An Inside Account of...

Seeking Alpha

Excellent
Reviewed by Hazel Henderson on Aug 18 2012

This book is essential reading...as it goes deeper than any of the hundred or so books covering the 2007-2012 period, when financial debacles plunged the real economy into recession.

Read Full Review of Bailout: An Inside Account of...

CNN Money

Excellent
Reviewed by Stephen Gandel on Aug 03 2012

Barofsky's last-honest-man-in-Washington shtick, which dominates the middle of the book, tends to weaken his message.

Read Full Review of Bailout: An Inside Account of...

Business Insider

Below average
Reviewed by Linette Lopez on Jul 23 2012

The book's a quick, intense, read...One passage that definitely caught our attention was about TALF

Read Full Review of Bailout: An Inside Account of...

Naked Capitalism

Good
Reviewed by Matt Stoller on Aug 28 2012

Bailout is a fabulous book, and it rings true to what I saw from my small corner of Congress, and what many of you saw when following the bailouts and the policies pursued by the Bush and Obama administrations.

Read Full Review of Bailout: An Inside Account of...

Reader Rating for Bailout
83%

An aggregated and normalized score based on 405 user ratings from iDreamBooks & iTunes


Rate this book!

Add Review
×