Throw Them All Out

Overview

THE BOOK WASHINGTON DOES NOT WANT YOU TO READHow is it that politicians often enter office with relatively modest assets, but then, as investors, regularly beat the stock market and sometimes beat the most rapacious hedge funds? How did some members of Congress know to dump their stock holdings just in time to escape the effects of the 2008 financial meltdown? And how is it that billionaires and hedge fund managers often make well-timed investment decisions that anticipate events in Washington?In this powerfully argued book, Peter Schweizer blows the lid off Washington’s epidemic of “honest graft.” He exposes a secret world where members of Congress insert earmarks into bills to improve their own real-estate holdings, and campaign contributors receive billions in federal grants. Nobody goes to jail. Throw Them All Out casts light into the darkest corners of the political system — and offers ways to clean house."Throw Them All Out is filled with stories of petty theft and so-called 'honest graft' . . . Unsparingly bipartisan in [its] criticism of Washington . . . Mr. Schweizer has performed a valuable service to his country." — Washington TimesBased on a year of investigative reporting, this explosive exposé reveals the system that enriches Washington’s Permanent Political Class at the expense of the American people:Conflict of Interest: See how members of Congress legally use non-public information from closed-door meetings to make stock trades that regularly beat the market, a practice that would send others to prison.Lucrative Land Deals: Uncover how politicians have used federal earmarks for projects like highways to dramatically increase the value of their own private land, turning taxpayer funds into personal profit.Exclusive IPO Access: Read the story of how Speaker Nancy Pelosi and her husband gained access to a massively oversubscribed Visa IPO while legislation that could hurt the company was stalled in Congress.Bailout Profiteering: Learn how politically connected financiers used the 2008 financial crisis and taxpayer-funded bailouts to secure billions for their own investments while the rest of the country suffered.

Details

Publisher

HarperCollins

Published

2011-11-15

Pages

224

Language

EN

Categories

Political Science / American Government / Legislative Branch, Political Science / American Government / Executive Branch, Political Science / American Government / Judicial Branch, Business & Economics / Government & Business, Political Science / Corruption & Misconduct, Political Science / Public Policy / General, Business & Economics / Investments & Securities / General, Political Science / Political Ideologies / Democracy, Political Science / American Government / National

ISBN-13

9780547575179