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
Idioma: inglés
Editorial: Cengage Learning, Inc, 2011
- Tapa dura
- Usado
Librería: World of Books Inc, Montgomery, IL, Estados Unidos de AmericaWorld of Books Inc
Vendedor de AbeBooks desde 23 de marzo de 2026
Condición: Usado - Regular
EUR 5,39
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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 Times Schweizer's investigation uncovers the playbook used by Washington's political class: Political Corruption: See how members of both parties get rich off a system of legal graft that would send the rest of us to prison.Insider Stock Tips: Follow the trades of powerful politicians who dumped stocks right before the 2008 financial crash or bought into IPOs unavailable to the public.Taxpayer-Funded Land Deals: Discover how a Speaker of the House can use a multimillion-dollar federal earmark to dramatically increase the value of his own farmland.Conflict of Interest: Uncover the double standard that allows lawmakers to write and vote on legislation that directly benefits their own stock portfolios and real estate investments.…
N° de ref. del artículo CIN0547573146A
- Título
- 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
- Autor
- Peter Schweizer Md
- Editorial
- Cengage Learning, Inc
- Año de publicación
- 2011
- Estado
- Fair
- Encuadernación
- Hardback
- Idioma
- inglés
- ISBN 10
- 0547573146
- ISBN 13
- 9780547573144
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.
“Sinopsis” puede pertenecer a otra edición de este título.
De la contraportada
THE BOOK WASHINGTON DOES NOT WANT YOU TO READ
As Ben Franklin knew, ambition and avarice, the love of power and the love of money, when united in view of the same object . . . have in many minds the most violent effects.
In Throw Them All Out, Peter Schweizer rips back the curtain to show how Washington has become Franklin s worst nightmare, thanks to:
Insider trading in Congress
* Senator John Kerry regularly and aggressively traded health care stocks while helping write health care legislation
* Congressman Spencer Bachus shorted the market in 2008 after receiving private briefings from Ben Bernanke and Henry Paulson
Legal legislative graft
* Former Speaker Nancy Pelosi received insider IPO shares and bought millions more in Visa stock, and shortly thereafter she blocked four bills that would have harmed the company
* Former Speaker Dennis Hastert used an earmark to pull off a multimillion-dollar land deal that helped make him rich.
Favors to crony capitalists
* Over $10 billion worth of stimulus grants and loans were directed to companies run or owned by members of Barack Obama s 2008 campaign National Finance Committee and his campaign-donor bundlers.
For the rest of us, this is called insider trading, conflict of interest, and kickbacks. But for them, it s completely legal. It s time to end crony capitalism once and for all.
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Vendedor de AbeBooks desde 23 de marzo de 2026
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