A
former Wall Street manager turned muckraking journalist gets inside how
the banks looted the Treasury, stole the bailout, and continued with
business as usualWe all watched as packs of former Big Financiers
commandeered posts in Washington and lavished trillions in bailouts to
"save" big Wall Street firms that used that money for anything and
everything except to fill in Main Street's potholes. We all watched as
Wall Street heavyweights fought tooth and nail to declaw financial
reform and won.Former Wall Streeter Nomi Prins has been watching, too,
and she is not going to let them get away with it. More than just an
angry populist, commentator stuck on the sidelines, Prins understand Big
Finance and big money and big schemes-and in this book she exposes the
fundamental follies of our economic system and the schemes of the
bigwigs who have no intention of letting it change.Remarkably combines
detail, clarity, and narrative momentum, revealing all the ways in banks
gamed the system to get the most money with the least oversight.Exposes
the power-bankers who bagged more than $5 billion in compensation
before and after their companies grabbed more than a trillion dollars in
federal bailout subsidies-and how the government's indignation at this
didn't lead to change.Shows how the most egregious pillagers work at the
Fed and Treasury department, detailing how Hank Paulson, Ben Bernanke,
and Tim Geithner siphoned off $10.7 trillion from the public's future
for Big Finance's present, all the while telling us it was for our own
good.Slams a financial system that will not change, if our government
doesn't force it to change, no matter what happens in the so-called free
market and why the 'sweeping' financial reform bill passed after Wall
Street reconsolidated its power, is anything but sweeping or
reformative.Written by a former managing director at Goldman Sachs, now a
senior fellow at Demos, who writes regularly on corruption in
Washington and Wall Street for news outlets ranging from Fortune to
Mother Jones.If you're still enraged and frustrated with how the bank
bailout went bust for the American people, or how Wall Street continues
to operate as if the rest of the world doesn't matter, or how the banks
are once again rolling in outsized profits and obscene bonuses while
average Americans continue to struggle through a bleak landscape of
foreclosures and job loss, It Takes a Pillage gives voice to your
outrage, and provides a deeper insight into what we really have to be
angry about and how we can fight for some real change.
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It Takes a Pillage; An Epic Tale of Power, Deceit, and Untold Trillions http://www.scribd.com/doc/26458369/It-Takes-a-Pillage-An-Epic-Tale-of-Power-Deceit-and-Untold-Trillions
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