As one of only eight senators to vote against bank deregulation, Byron Dorgan warned America that a free-market system left unchecked is like a driving a car at ninety miles per hour without brakes. With the recent financial collapse having proven him right, Dorgan exposes this modern-day carnival of greed and calls out the corporate executives who reap millions and even billions as a "reward" for self-interest and mismanagement. More poignantly, he argues that public officials we elect to represent the best interests of ...
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As one of only eight senators to vote against bank deregulation, Byron Dorgan warned America that a free-market system left unchecked is like a driving a car at ninety miles per hour without brakes. With the recent financial collapse having proven him right, Dorgan exposes this modern-day carnival of greed and calls out the corporate executives who reap millions and even billions as a "reward" for self-interest and mismanagement. More poignantly, he argues that public officials we elect to represent the best interests of the people have sold us out, as government has become a partner to Big Oil, Big Media, and Big Pharma. In his prairie-populist voice peppered with incisive wit, Dorgan argues that we must rescue the economy from the influence of financial conglomerates and power brokers, and to hold our public officials accountable for regulating the economy.
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Seller's Description:
Good. Ex library book with stickers and stampings. Overall good condition with clean text and good binding unless otherwise noted. Most items ship within 24 hours.
Edition:
First Edition [Stated], First Printing [Stated]
Publisher:
Thomas Dunne Books
Published:
June 2009
Language:
English
Alibris ID:
15904433689
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Seller's Description:
Very good in Very good jacket. xvi, [2], 268, [2] pages, Acknowledgments, Preface, Introduction, Bibliography, and Index. Inscribed on the title page by the author. Inscription reads: To Lindsey, Best Wishes! Bryon l. Dorgan, U.S.S. This book includes Acknowledgments, Preface, Introduction, and Chapters on: The Good Old Days: I Remember When...; a Financial House of Cards; Addicted to Debt; Shining a Light on Dark Money; Tax That Guy Behind the Tree! ; Incomes from Outer Space; The Price of War; The Profits of War; Drill, Baby, Drill? Health Care: A Leading Cause of Stress; Cheap Labor; and Hope. Also includes a Bibliography and an Index. Senator Dorgan has represented North Dakota in the O.S. Senate beginning in December 1992. In 1998, he was named the chairman of the Democratic Policy Committee. From 1995 to 1998, he served in the Democratic leadership as Assistant Floor Leader. In clear, piercing language, Dorgan explains the mortgage crisis, showing how the profit motive led financial institutions to combine risky subprime mortgages with AAA securities. In order to increase their incomes, mortgage brokers were willing to promote subprime mortgages with hidden escalating payments to consumers with bad credit. Soon large financial institutions with prestigious names were discovering toxic assets embedded with subprime loans that had gone bad. The author is indignant at the fact that top hedge-fund managers make billions in annual income and yet pay only a 15 percent tax rate by redefining their income as "carried interest." Dorgan makes no apologies for his liberal viewpoints. His anger at the private, no-bid Iraq war contracts awarded to companies like Halliburton is understandable, and he's adamant about the necessity of oversight and regulation-specifically as it relates to the tax loopholes exploited by hedge-fund managers. Eye-opening, timely and inspirational.
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Seller's Description:
Very Good in Very Good jacket. 8vo-over 7¾"-9¾" tall. 268 pages. There are no marks or writing in the book. Several pages in the front of the book have been creased on the bottom corners. Corners are square. Spine is tight and there are no loose pages. Dust jacket has light shelf wear. Cover colors are bright.
