Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
Neil Barofsky - 2010
In behind-the-scenes detail, he shows the extreme degree to which government officials bent over backward to serve the interests of Wall Street firms at the expense of the public—& at the expense of effective financial reform. During the height of the financial crisis in 2008, Barofsky gave up his job as a prosecutor in the US Attorney’s Office in NYC, where he'd convicted drug kingpins, Wall Street executives & mortgage fraud perpetrators, to become the special inspector general in charge of oversight of bailout money spending. From the first his efforts to protect against fraud & to hold big banks accountable for how they spent taxpayer money were met with outright hostility from Treasury officials in charge of the bailouts.Barofsky discloses how, in serving banking interests, Treasury Secretary Timothy Geithner & his team worked with Wall Street executives to design programs to would funnel vast amounts of taxpayer money to their firms & would have allowed them to game the markets & make huge profits with almost no risk or accountability, while repeatedly fighting efforts to put the necessary fraud protections in place. His investigations also uncovered abject mismanagement of the bailout of insurance giant AIG & Geithner’s decision to allow the payment of millions of dollars in bonuses & that the Obama administration’s TARP Czar lobbied for the executives to retain their high pay.Providing details about how, meanwhile, the interests of homeowners & the broader public were betrayed, Barofsky recounts how Geithner & his team steadfastly failed to fix glaring flaws in the Obama administration’s homeowner relief program pointed out by bailout watchdogs, rejecting anti-fraud measures, which unleashed a wave of abuses by mortgage providers against homeowners, even causing some who wouldn't have lost their homes otherwise to go into foreclosure. Ultimately only a small fraction ($1.4 billion when he stepped down) of the $50 billion allocated to help homeowners was spent, while the funds expended to prop up the financial system totaled $4.7 trillion. As he raised the alarm about the bailout failures, he met with obstruction. He recounts in blow-by-blow detail how an increasingly aggressive war was waged against his efforts, with even the White House launching a broadside against him. Bailout is a riveting account of his plunge into the political meat grinder of Washington, as well as a vital revelation of just how captured by Wall Street the political system is & why the too-big-to-fail banks have only become bigger & more dangerous in the wake of the crisis.
Bring the War Home: The White Power Movement and Paramilitary America
Kathleen Belew - 2018
Its soldiers are not lone wolves but highly organized cadres motivated by a coherent and deeply troubling worldview made up of white supremacy, virulent anticommunism, and apocalyptic faith. In Bring the War Home, Kathleen Belew gives us the history of a movement that consolidated in the 1970s and 1980s around a potent sense of betrayal in the Vietnam War and made tragic headlines in Waco and Ruby Ridge and with the Oklahoma City bombing and is resurgent under President Trump.Returning to an America ripped apart by a war they felt they were not allowed to win, a small group of veterans and active-duty military personnel and civilian supporters concluded that waging war on their own country was justified. They unified people from a variety of militant groups, including Klansmen, neo-Nazis, skinheads, radical tax protestors, and white separatists to form a new movement of loosely affiliated independent cells to avoid detection. The white power movement operated with discipline and clarity, undertaking assassinations, armed robbery, counterfeiting, and weapons trafficking. Its command structure gave women a prominent place and put them in charge of brokering alliances and birthing future recruits.Belew's disturbing and timely history reminds us that war cannot be contained in time and space: grievances intensify and violence becomes a logical course of action. Based on years of deep immersion in previously classified FBI files and on extensive interviews, Bring the War Home tells the story of American paramilitarism and the birth of the alt-right.
First in Line: Presidents, Vice Presidents, and the Pursuit of Power
Kate Andersen Brower - 2018
Of the forty-eight vice presidents who have served the United States, fourteen have become president; eight of these have risen to the Oval Office because of a president’s death or assassination, and one became president after his boss’s resignation. John Nance Garner, FDR’s first vice president, famously said the vice presidency is "not worth a bucket of warm piss" (later cleaned up to "warm spit"). But things have changed dramatically in recent years. In interviews with more than two hundred people, including former vice presidents, their family members, and insiders and confidants of every president since Jimmy Carter, Kate Andersen Brower pulls back the curtain and reveals the sometimes cold, sometimes close, and always complicated relationship between our modern presidents and their vice presidents.Brower took us inside the lives of the White House staff and gave us an intimate look at the modern First Ladies; now, in her signature style, she introduces us to the second most powerful men in the world, exploring the lives and roles of thirteen modern vice presidents—eight Republicans and five Democrats. And she shares surprising revelations about the relationship between former Vice President Joe Biden and former President Barack Obama and how Vice President Mike Pence and President Donald Trump interact behind closed doors.From rivals to coworkers, there is a very tangible sense of admiration mixed with jealousy and resentment in nearly all these relationships between the number two and his boss, even the best ones, Brower reveals. Vice presidents owe their position to the president, a connection that affects not only how they are perceived but also their possible future as a presidential candidate—which is tied, for better or worse, to the president they serve. George H. W. Bush and Ronald Reagan had a famously prickly relationship during the 1980 primary, yet Bush would not have been elected president in 1988 without Reagan’s high approval rating. Al Gore’s 2000 loss, meanwhile, could be attributed to the Monica Lewinsky sex scandal and Bill Clinton’s impeachment. Current Vice President Mike Pence is walking a high-stakes political tightrope as he tries to reassure anxious Republicans while staying on his boss’s good side.This rich dynamic between the president and the vice president has never been fully explored or understood. Compelling and deeply reported, grounded in history and politics, and full of previously untold and incredibly personal stories, First In Line pierces the veil of secrecy enveloping this historic political office to offer us a candid portrait of what it’s truly like to be a heartbeat away.
Harvest of Empire: A History of Latinos in America
Juan González - 2001
Spanning 500 years of Hispanic history, from the first New World colonies to the 19th century westward expansion in America, this narrative features family portraits of real-life immigrants along with sketches of the political events and social conditions that compelled them to leave their homeland.
A History of the American People
Paul Johnson - 1997
"No other national story holds such tremendous lessons, for the American people themselves and for the rest of mankind."In his prize-winning classic, Johnson presents an in-depth portrait of American history from the first colonial settlements to the Clinton administration. This is the story of the men and women who shaped and led the nation and the ordinary people who collectively created its unique character. Littered with letters, diaries, and recorded conversations, it details the origins of their struggles for independence and nationhood, their heroic efforts and sacrifices to deal with the 'organic sin’ of slavery and the preservation of the Union to its explosive economic growth and emergence as a world power. Johnson discusses contemporary topics such as the politics of racism, education, the power of the press, political correctness, the growth of litigation, and the influence of women throughout history. He sees Americans as a problem-solving people and the story of their country as "essentially one of difficulties being overcome by intelligence and skill, by faith and strength of purpose, by courage and persistence... Looking back on its past, and forward to its future, the auguries are that it will not disappoint humanity."Sometimes controversial and always provocative, A HISTORY OF THE AMERICAN PEOPLE is one author’s challenging and unique interpretation of American history. Johnson’s views of individuals, events, themes, and issues are original, critical, and in the end admiring, for he is, above all, a strong believer in the history and the destiny of the American people.
The Debt Trap: How Student Loans Became a National Catastrophe
Josh Mitchell - 2021
“You’ve got to be shitting me,” he later told the company’s CEO. “This place is a gold mine.” Over the next four decades, the student loan industry that Sallie Mae and Congress created blew up into a crisis that would submerge a generation of Americans into $1.5 trillion in student debt. In The Debt Trap, Wall Street Journal reporter Josh Mitchell tells the “vivid and compelling” (Chicago Tribune) untold story of the scandals, scams, predatory actors, and government malpractice that have created the behemoth that one of its original architects called a “monster.” As he charts the “jaw-dropping” (Jeffrey Selingo, New York Times bestselling author of Who Gets in and Why) seventy-year history of student debt in America, Mitchell never loses sight of the countless student victims ensnared by an exploitative system that depends on their debt. Mitchell also draws alarming parallels to the housing crisis in the late 2000s, showing the catastrophic consequences student debt has had on families and the nation’s future. Mitchell’s character-driven narrative is “necessary reading” (The New York Times) for anyone wanting to understand the central economic issue of our day.
The Great Bridge: The Epic Story of the Building of the Brooklyn Bridge
David McCullough - 1972
(It was the heyday of Boss Tweed in New York.) But the Brooklyn Bridge was at once the greatest engineering triumph of the age, a surpassing work of art, a proud American icon, and a story like no other in our history. Courage, chicanery, unprecedented ingenuity and plain blundering, heroes, rascals, all the best and worst in human nature played a part. At the center of the drama were the stricken chief engineer, Washington Roebling and his remarkable wife, Emily Warren Roebling, neither of whom ever gave up in the face of one heartbreaking setback after another. The Great Bridge is a sweeping narrative of a stupendous American achievement that rose up out of its era like a cathedral, a symbol of affirmation then and still in our time.
The Teacher Wars: A History of America's Most Embattled Profession
Dana Goldstein - 2014
In The Teacher Wars, a rich, lively, and unprecedented history of public school teaching, Dana Goldstein reveals that teachers have been similarly embattled for nearly two centuries. From the genteel founding of the common schools movement in the nineteenth century to the violent inner-city teacher strikes of the 1960s and '70s, from the dispatching of Northeastern women to frontier schoolhouses to the founding of Teach for America on the Princeton University campus in 1989, Goldstein shows that the same issues have continued to bedevil us: Who should teach? What should be taught? Who should be held accountable for how our children learn? She uncovers the surprising roots of hot button issues, from teacher tenure to charter schools, and finds that recent popular ideas to improve schools—instituting merit pay, evaluating teachers by student test scores, ranking and firing veteran teachers, and recruiting “elite” graduates to teach—are all approaches that have been tried in the past without producing widespread change. And she also discovers an emerging effort that stands a real chance of transforming our schools for the better: drawing on the best practices of the three million public school teachers we already have in order to improve learning throughout our nation’s classrooms. The Teacher Wars upends the conversation about American education by bringing the lessons of history to bear on the dilemmas we confront today. By asking “How did we get here?” Dana Goldstein brilliantly illuminates the path forward.
Decision Points
George W. Bush - 2010
Bush describes the critical decisions that shaped his presidency and personal life.George W. Bush served as president of the United States during eight of the most consequential years in American history. The decisions that reached his desk impacted people around the world and defined the times in which we live.Decision Points brings readers inside the Texas governor’s mansion on the night of the 2000 election, aboard Air Force One during the harrowing hours after the attacks of September 11, 2001, into the Situation Room moments before the start of the war in Iraq, and behind the scenes at the White House for many other historic presidential decisions.For the first time, we learn President Bush’s perspective and insights on:His decision to quit drinking and the journey that led him to his Christian faithThe selection of the vice president, secretary of defense, secretary of state, Supreme Court justices, and other key officialsHis relationships with his wife, daughters, and parents, including heartfelt letters between the president and his father on the eve of the Iraq WarHis administration’s counterterrorism programs, including the CIA’s enhanced interrogations and the Terrorist Surveillance ProgramWhy the worst moment of the presidency was hearing accusations that race played a role in the federal government’s response to Hurricane Katrina, and a critical assessment of what he would have done differently during the crisisHis deep concern that Iraq could turn into a defeat costlier than Vietnam, and how he decided to defy public opinion by ordering the troop surgeHis legislative achievements, including tax cuts and reforming education and Medicare, as well as his setbacks, including Social Security and immigration reformThe relationships he forged with other world leaders, including an honest assessment of those he did and didn’t trustWhy the failure to bring Osama bin Laden to justice ranks as his biggest disappointment and why his success in denying the terrorists their fondest wish—attacking America again—is among his proudest achievementsA groundbreaking new brand of presidential memoir, Decision Points will captivate supporters, surprise critics, and change perspectives on eight remarkable years in American history—and on the man at the center of events.
God Save Texas: A Journey Into the Soul of the Lone Star State
Lawrence Wright - 2018
It is a red state in the heart of Trumpland that hasn't elected a Democrat to a statewide office in more than twenty years; but it is also a state in which minorities already form a majority (including the largest number of Muslims). The cities are blue and among the most diverse in the nation. Oil is still king but Texas now leads California in technology exports. The Texas economic model of low taxes and minimal regulation has produced extraordinary growth but also striking income disparities. Texas looks a lot like the America that Donald Trump wants to create. And Wright's profound portrait of the state not only reflects our country back as it is, but as it was and as it might be.
Anti-Intellectualism in American Life
Richard Hofstadter - 1963
It is a book which throws light on many features of the American character. Its concern is not merely to portray the scorners of intellect in American life, but to say something about what the intellectual is, and can be, as a force in a democratic society.Hofstadter set out to trace the social movements that altered the role of intellect in American society from a virtue to a vice. In so doing, he explored questions regarding the purpose of education and whether the democratization of education altered that purpose and reshaped its form.In considering the historic tension between access to education and excellence in education, Hofstadter argued that both anti-intellectualism and utilitarianism were consequences, in part, of the democratization of knowledge.Moreover, he saw these themes as historically embedded in America's national fabric, an outcome of her colonial European and evangelical Protestant heritage. Anti-intellectualism and utilitarianism were functions of American cultural heritage, not necessarily of democracy.
The Deviant's War: The Homosexual vs. the United States of America
Eric Cervini - 2020
Defense Department in Hawaii, received a summons to report immediately to Washington, D.C. The Pentagon had reason to believe he was a homosexual, and after a series of humiliating interviews, Kameny, like countless gay men and women before him, was promptly dismissed from his government job. Unlike many others, though, Kameny fought back.Eric Cervini's The Deviant's War is the story of what followed. This book is an assiduously researched history of an early champion of gay liberation, one who fought for the right to follow his passion and serve his country in the wake of Joseph McCarthy's Lavender Scare. We follow Kameny as he explores the underground gay scenes of Boston and Washington, D.C., where he formulates his arguments against the U.S. Government's classification of gay men and women as "sexual perverts." At a time when staying in the closet remained the default, he exposed the hypocrisies of the American establishment, accelerated a broader revolution in sexual morals, and invented what we now know as Gay Pride.Based on firsthand accounts, recently declassified FBI records, and forty thousand personal documents, The Deviant's War unfolds over the course of the 1960s, as the Mattachine Society of Washington, the group Kameny founded, became the first organization to protest the systematic persecution of gay federal employees. It traces the forgotten ties that bound gay rights to the Black Freedom Movement, the New Left, lesbian activism, and trans resistance. Above all, it is a story of America (and Washington) at a cultural and sexual crossroads; of public battles with Congress; of FBI informants; murder; betrayal; sex; love; and ultimately victory.
Alt-America: The Rise of the Radical Right in the Age of Trump
David Neiwert - 2017
But the extreme right has been growing steadily in the US since the 1990s, with the rise of patriot militias; following 9/11, when conspiracy theorists found fresh life; and in virulent reaction to the first black president of the country. Nurtured by a powerful right-wing media sector in radio, TV, and online, the far-right, Tea Party movement conservatives, and Republican activists found common ground in ‘Producerist’ ideology and ‘Constitutionalist’ interpretations of US law – an alternative America that is resurgent, even as it has been ignored by the political establishment and mainstream media. Investigative reporter David Neiwert has been tracking extremists for more than two decades, and here he provides a deeply reported and authoritative report on the background, mindset, and growth on the ground of far-right movements across the country. The product of years of reportage, and including the most in-depth investigation of Trump’s ties to far-right figures, this is a crucial book about one of the most disturbing sides of the US.
A Different Mirror: A History of Multicultural America
Ronald Takaki - 1993
In a lively account filled with the stories and voices of people previously left out of the historical canon, Ronald Takaki offers a fresh perspective - a re-visioning - of our nation's past.
Four Threats: The Recurring Crises of American Democracy
Suzanne Mettler - 2020
"An important work of scholarship that should be read by anyone concerned with America’s future." --Fareed Zakaria, author of The Post-American World