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Jeff Connaughton

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THE PAYOFF: Why Wall Street Always Wins

Jeff Connaughton

THE PAYOFF examines a culture of power elites in our nation’s capital that is slouching toward plutocracy, an alarming tale of reformers with the best of intentions running headlong into institutional failure and influence-peddling politics. It’s the story of a twenty-month struggle to hold Wall Street executives accountable for securities fraud, to stop stock manipulation by high-frequency traders, and to break up too-big-to-fail megabanks. In this book, we experience a US senator’s vigorous crusade—side-by-side with his most trusted advisor—against Wall Street’s irresponsible risk-taking that destabilized the American economy.

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Testimonials

"Jeff Connaughton has just published a page-turning memoir that is also a damning critique of how Wall Street operates, the political capture of Washington, and our collective failure to reform finance in the past four years. The Payoff: Why Wall Street Always Wins, is the perfect antidote to disinformation put about by global megabanks and their friends." — Simon Johnson, "One Man Against the Wall Street Lobby," Huffington Post
"This is the most honest book I’ve read about Washington in years – it really tells it like it is." — Andrew Cockburn
"It is in fact one of the best books on how corporate criminals manipulate the system to get away with their crimes." — Editor, "Payoff in the Pit of Plutocracy," Corporate Crime Reporter
"For a compelling account of how the financial lobby works, both in general and in this instance, look for a forthcoming book by Jeff Connaughton, former chief of staff to former Senator Ted Kaufman of Delaware." — Simon Johnson, Economix, New York Times
You want the real skinny on HFT and the SEC? Read The Payoff. This guy [Jeff Connaughton] worked with Sen Kaufman, our champ! — Jim Cramer, via Twitter
"Jeff is one of the smartest guys on the Hill and is particularly strong on issues surrounding Wall Street and the regulatory system." — Matt Taibbi, RollingStone.com

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THE PAYOFF: Why Wall Street Always Wins
Copyright 2012 - Jeff Connaughton