Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stoc

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Item specifics

Condition
Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
ISBN
9780547573144
Category

About this product

Product Identifiers

Publisher
Houghton Mifflin Harcourt Publishing Company
ISBN-10
0547573146
ISBN-13
9780547573144
eBay Product ID (ePID)
109281779

Product Key Features

Book Title
Throw Them All Out : How Politicians and Their Friends Get Rich off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison
Number of Pages
240 Pages
Language
English
Publication Year
2011
Topic
American Government / Legislative Branch, Corruption & Misconduct
Genre
Political Science
Author
Peter Schweizer
Format
Hardcover

Dimensions

Item Height
0.8 in
Item Weight
14.5 Oz
Item Length
9 in
Item Width
6 in

Additional Product Features

Intended Audience
Trade
LCCN
2011-036523
Dewey Edition
23
Dewey Decimal
364.1/3230973
Table Of Content
List of Illustrationsxi Introductionxiii Part One: CONGRESSIONAL CRONIES 1. The Drug Trade3 2. Crisis for All, Opportunity for Some23 3. IPOs: Invest in Politicians Often40 4. This Land Is My Land51 Part Two: CAPITALIST CRONIES 5. Spreading the Wealth . . . to Billionaires75 6. Warren Buffett: Baptist and Bootlegger105 7. Cronies on Parade: Hedge Funds, Defense Contractors, Colleges, Big Oil . . . and George Soros120 Part Three: BREAKING THE BACK OF CRONY CAPITALISM 8. Some Are More Equal Than Others137 9. Why This Matters151 10. What Needs to Be Done167 Notes179 Acknowledgments195 Index199
Synopsis
Politicians often come into office with relatively modest assets. As investors, they regularly beat the market and sometimes beat the most rapacious hedge funds. Even without making stock trades, they often retire rich. How do they do it? Billionaires and hedge fund managers often make well-timed investment decisions that anticipate events in Washington. How do they do it? When such former politicians and federal appointees as Al Gore, Dan Quayle, and Madeleine Albright decide to launch investment funds, wealthy clients sign up. Why? Welcome to the insidious world of crony capitalism. Cronyism exists not so much as outright bribery, using suitcases full of cash, but rather in accepted insider routes to wealth: Members of Congress trade stocks based on privileged information. They insert earmarks into bills to improve their own real estate holdings. Campaign contributors receive billions in federal grants. Nobody goes to jail. Crony capitalism transcends party lines and has become a big business hidden in plain sight. Using personal financial information, government databases, and a team of indefatigable researchers, Peter Schweizer shines a light into the darkest corners of the system -- and offers ways to overcome it. It is time to clean house., A shocking expose of the inside game in Washington, explaining how so many politicians leave Washington richer than they were when they first arrived. Worst of all, it's all legal: members of congress are free to trade stocks based on confidential information, hedge-fund managers are free to extract tips from politicians, and then reward them with access to IPOs, and the Obama administration has been able to reward dozens of campaign contributors with shockingly large grants and guaranteed loans.
LC Classification Number
JK2249.S35 2012

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