Big Dirty Money

The Hidden Cost of White Collar Crime

Big Dirty Money
Jennifer Taub
RRP:
NZ$ 55.00
Our Price:
NZ$ 44.00
Hardback
h229 x 152mm - 352pg
24 Sep 2020 UK
International import eta 7-19 days
9781984879974
Out Of Stock
Currently no stock in-store, stock is sourced to your order
There is an elite crime spree happening in America, and the privileged perps are getting away with it. Selling loose cigarettes on a city sidewalk can lead to a choke-hold arrest, and death, if you are not among the top 1%. But if you' re rich and commit mail, wire, or bank fraud, embezzle pension funds, lie in court, obstruct justice, bribe a public official, launder money, or cheat on your taxes, you' re likely to get off scot-free (or even win an election). When caught and convicted, such as for bribing their kids' way into college, high-class criminals make brief stops in minimum security "Club Fed" camps. Operate the scam from the executive suite of a giant corporation, and you can prosper with impunity. Consider Wells Fargo & Co. Pressured by management, employees at the bank opened more than three million bank and credit card accounts without customer consent, and charged late fees and penalties to account holders. When CEO John Stumpf resigned in "shame," the board of directors granted him a $134 million golden parachute. This is not victimless crime. Big Dirty Money details the scandalously common and concrete ways that ordinary Americans suffer when the well-heeled use white collar crime to gain and sustain wealth, social status, and political influence. Profiteers caused the mortgage meltdown and the prescription opioid crisis, they' ve evaded taxes and deprived communities of public funds for education, public health, and infrastructure. Taub goes beyond the headlines (of which there is no shortage) to track how we got here (essentially a post-Enron failure of prosecutorial muscle, the growth of "too big to jail" syndrome, and a developing implicit immunity of the upper class) and pose solutions that can help catch and convict offenders.
"A scathing indictment of white-collar crime and its unpunished practitioners . . . In this steely-eyed examination of these brazen criminals, Taub holds that this lack of effective punishment merely encourages the wealthy to prey on the rest of society . . . A significant manifesto for judicial reform that aims at cracking the cabal of big-money grifters at the top. "--Kirkus Reviews (*starred review*)"The United States is drowning in dirty money; we' ve constructed a two-tiered system of civil and criminal justice, of corruption and campaign finance; of bailouts and bankruptcies. Jennifer Taub ably and cogently strips bare the racism and the regulatory failures that have made America' s wealthiest predators too big to fail and too spectacular to jail. Anyone worried about the current failures of accounting and accountability, and how these failures shape politics, elections, journalism and justice should take notice. "--Dahlia Lithwick, Senior Legal Editor, Slate"In the corporate and political worlds, Taub finds a rampant crime wave, touching more than our financial markets and the halls of Congress. It intrudes into our daily lives, threatening our health, food, environment, and well-being. Sweeping and comprehensive, her work culminates in a groundbreaking series of imaginative solutions to refocus our efforts on combatting elite crime to help American society recover. "--Jesse Eisinger, Pulitzer Prize-winning author of The Chickenshit Club"A stimulating and provocative book that challenges the current administration on its handling of white collar crimes. It sets the stage for change. "--Ellen Podgor, Gary R. Trombley Family White-Collar Crime Research Professor at Stetson University College of Law"Donald Trump' s time as president has shown that there are different standards for those in power--a ruling class that appears untouchable as in authoritarian regimes. But well before that, Trump was used to escaping accountability like other corporate insiders. Jennifer Taub details how this cycle of rewarding bad behavior has consolidated power in the hands of few and hurt our country. "--Amy Siskind, President, The New Agenda"It' s no accident that African-American citizens can be brutalized or even killed for minor alleged infractions, while corporate wrongdoers escape punishment or prosecution. When we see corner drug dealers denied bail but pharmaceutical conglomerates payout dividends, we are seeing the justice system work as intended. Jennifer Taub explains how the rot goes right to the heart of our legal and regulatory systems themselves. "--Elie Mystal, Justice Correspondent for The Nation"This powerful book explains how weak laws and ineffective enforcement enable some people to cause enormous harm with near impunity. Taub shines light on fraud, tax evasion and corruption, where wrongdoings can be hard to detect and the bar for creating accountability is too high. She issues a passionate call to action and outlines sensible reforms, at least some of which should resonate broadly and across our political divides. "--Anat Admati, George G. C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and co-author of The Bankers New Clothes: What' s Wrong with Banking and What To Do About It
Jennifer Taub is a legal scholar and advocate whose writing focuses on "follow the money" matters-promoting transparency and opposing corruption. She has testified as a banking law expert before Congress and appeared on MSNBC' s Morning Joe and CNN Newsroom to discuss white collar crime and the Trump administration. Taub was the Bruce W. Nichols Visiting Professor of Law in fall 2019 at Harvard Law School and is a professor of law at Vermont Law School. She co-founded the Tax March, a nationwide event on April 15, 2017, that drew more than 100,000 Americans to call on the president to release his tax returns. She is a graduate of Yale College and Harvard Law School.
Status: Indent title, imported to order
ISBN-13: 9781984879974
Published: 24 Sep 2020
Published In: United Kingdom
Imprint: Pamela Dorman Books
Publisher: Penguin Adult
Format: Hardback
Height: 229mm
Width: 152mm
Pages: 352

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