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

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ISBN
9780547573144
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
Item Length
9in
Publisher
Houghton Mifflin Harcourt Publishing Company
Publication Year
2011
Format
Hardcover
Language
English
Item Height
0.8in
Author
Peter Schweizer
Genre
Political Science
Topic
American Government / Legislative Branch, Corruption & Misconduct
Item Width
6in
Item Weight
14.5 Oz
Number of Pages
240 Pages

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Product Information

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.

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
Author
Peter Schweizer
Format
Hardcover
Language
English
Topic
American Government / Legislative Branch, Corruption & Misconduct
Publication Year
2011
Genre
Political Science
Number of Pages
240 Pages

Dimensions

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

Additional Product Features

Lc Classification Number
Jk2249.S35 2012
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
Copyright Date
2012
Target Audience
Trade
Lccn
2011-036523
Dewey Decimal
364.1/3230973
Dewey Edition
23

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