What are some other books about the housing crisis, specially about the effects it and the response to it have had since it happened?
>>59668560>inspector general put in charge of 2008 bailout regulations tells how Bush and Obama let the banks fuck us overIt’s interesting because you see how politics actually work and how corrupt bankers will behave
>>59668583>see how politics actually work and how corrupt bankers will behaveI've already got my ideas, but I'm curious what your/his take is
>>59668617It’s not his take. It’s what he went through to do his job. He was put in charge of different programs and was stone walled by the treasury to protect bankers.
>>59668637Checks out. What's surprising is that he claims he actually tried to do his job. I give him 50/50 odds
>>59668645He was specifically chosen because he wasn’t an inspector general who are captured by the companies and agencies they’re supposed to regulate Here’s an ai summary> Neil Barofsky’s book “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street” provides a detailed account of his experiences as the Special Inspector General overseeing the Troubled Asset Relief Program (TARP) during the financial crisis of 2008. The book highlights several key points:Barofsky, a former federal prosecutor, took on the role of overseeing the $700 billion TARP bailout fund, tasked with preventing fraud and ensuring accountability.He faced significant resistance from Treasury officials who were in charge of the bailouts, making his efforts to protect taxpayers’ interests challenging.The book details how the bailout program, while preventing a larger financial collapse, may have sown the seeds for future crises due to the “doomsday cycle of boom, bust, and bailout.”Barofsky argues that the financial market still believes some banks are too big to fail, despite the Dodd-Frank financial reform law, which he sees as a continuation of the toxic cocktail of implicit government guarantees and market distortions favoring large banks.The program failed to adequately assist homeowners facing foreclosure, with the Home Affordable Modification Program (HAMP) not meeting its initial goals of helping three to four million Americans avoid foreclosure.Barofsky’s account is critical of how the Treasury handled TARP, emphasizing the need for regulatory authorities to use their new powers to simplify and shrink big banks to mitigate future financial crises.The book offers an insider’s perspective on the complexities and challenges of the TARP bailout program, highlighting issues of accountability, regulatory capture, and the broader impact on the economy.
>>59668560This guy wrote some good books but he’s known for the blind side?
>>59669210Sandra Bullock will do that
I know this thread is about books but this documentary is mandatory viewing for anyone who wants to understand how the financial system actually works. Basically babby's first introduction to the Great Financial Crisis
>>59670326Good pick anon
>>59668560>classic
