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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

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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.

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9780547573144
9780547575179
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Grouped Work ID7ede844c-7ed6-004d-4e7a-f1437120cf0c
Grouping Titlethrow 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
Grouping Authorpeter schweizer
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2020-09-24 04:16:49AM
Last Indexed2020-09-24 04:41:13AM
Novelist Primary ISBNnone

Solr Details

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authorSchweizer, Peter, 1964-
author_displaySchweizer, Peter
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display_description

THE BOOK WASHINGTON DOES NOT WANT YOU TO READ

How 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

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2012
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ils:a817600BookBooksEnglishHoughton Mifflin Harcourt, 2012.211 p. ; 24 cm.
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subject_facetPolitical corruption -- United States
title_displayThrow 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
title_fullThrow 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
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 / Peter Schweizer
title_shortThrow them all out
title_subhow politicians and their friends get rich off insider stock tips, land deals, and cronyism that would send the rest of us to prison
topic_facetNonfiction
Political corruption
Politics