The Payoff: Why Wall Street Always Wins

The Payoff: Why Wall Street Always Wins

Jeff Connaughton

Lobbyist, White apartment attorney, and Senate Aide at the energy of America’s Plutocracy to prevent Prosecution and Subvert monetary Reform

Beginning in January 2009, THE PAYOFF lays naked Washington’s tradition of strength and plutocracy. It’s the tale of the twenty-month fight through Senator Ted Kaufman and Jeff Connaughton, his leader of employees, to carry Wall road executives liable for securities fraud, to prevent inventory manipulation through high-frequency investors, and to damage up too-big-to-fail megabanks.

This ebook takes us inside of their dogged campaign opposed to institutional inertia and impact as they stumble upon an outright reluctance by way of the Obama management, the Justice division, and the Securities and trade fee to regard Wall highway crimes with the gravity they deserve. On monetary reforms, Connaughton criticizes Democrats for hoping on the very Wall highway technocrats who had didn't hinder the hindrance and Republicans for staunchly opposing actual reforms basically to get pleasure from a golden chance to siphon fundraising cash from the Wall road executives who had raised hundreds of thousands to decide on Barack Obama president.

Connaughton, a former legal professional within the Clinton White condo, illuminates the pivotal moments and key judgements within the struggle for monetary reform that experience long gone principally unreported. His arch, nonpartisan account chronicles the explanations why Wall Street’s worst offenses have been left unpunished, and why it’s most probably that the 2008 debacle will ensue again.

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