The Payoff: Why Wall Street Always Wins

The Payoff: Why Wall Street Always Wins

Jeff Connaughton

Lobbyist, White apartment legal professional, 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 energy and plutocracy. It’s the tale of the twenty-month fight by means of Senator Ted Kaufman and Jeff Connaughton, his leader of employees, to carry Wall road executives liable for securities fraud, to forestall inventory manipulation by way of high-frequency investors, and to damage up too-big-to-fail megabanks.

This e-book takes us within their dogged campaign opposed to institutional inertia and impact as they come across an outright reluctance by way of the Obama management, the Justice division, and the Securities and alternate fee to regard Wall road crimes with the gravity they deserve. On monetary reforms, Connaughton criticizes Democrats for counting on the very Wall road technocrats who had did not hinder the situation and Republicans for staunchly opposing genuine reforms basically to get pleasure from a golden chance to siphon fundraising money from the Wall road executives who had raised thousands to go with Barack Obama president.

Connaughton, a former attorney 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 take place again.

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