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Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street [Hardcover]

Charles Gasparino
4.8 out of 5 stars  See all reviews (33 customer reviews)


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Book Description

October 5, 2010
A top reporter exposes the deep ties between the Obama administration and the big banks that are bankrupting our country.

As the recession continues, President Obama has chastised the "fat cats" who feast off government bailout money while unemployment remains high and smaller businesses struggle.

But according to Gasparino, Obama is faking his outrage, and his calls for new policies to rein in banks that are "too big to fail" are just pabulum. In reality, Obama has climbed into bed with Wall Street CEOs, giving them what they want so they will support his liberal, big- government agenda. As a result, the big banks responsible for the credit crisis get rescued, while small businesses and ordinary Americans get crushed by higher taxes and irresponsible spending.

Gasparino draws on interviews with dozens of key CEOs and political players to trace the roots of Wall Street's twisted love affair with one of the most liberal presidents in American history. He shows how, for decades, big banks and big business have colluded with big government, thereby laying the groundwork for today's shady dealings, and how the same bankers Obama now publically reprimands have supported him-not because he promises change, but because he promises business.

Written in Gasparino's characteristic smart yet no-nonsense style, this book is both an exposé and a wake-up call to all Americans to strike back against the people and policies who are ruining our country.



Editorial Reviews

About the Author

Charles Gasparino is an award-winning investigative reporter and bestselling author who has covered financial news for major media such as Newsweek, the Wall Street Journal, and CNBC. He is a senior correspondent for Fox Business Network and a frequent contributor to Forbes, the New York Post, The Huffington Post, and The Daily Beast. His book The Sellout was a New York Times bestseller. Charles lives in New York City. Lloyd James has been narrating since 1996, has recorded over six hundred books in almost every genre, has earned six AudioFile Earphones Awards, and is a two-time nominee for the prestigious Audie Award. His bestselling and most critically acclaimed performances include Elvis in the Morning by William F. Buckley, Jr., Ben Hur by Lew Wallace, Searching for Bobby Fischer by Fred Waitskin, and Mystic Warrior by Tracy and Laura Hickman. Lloyd's background as a performer includes extensive work in classical theater and folk music. He lives in Maryland with his wife and children.
--This text refers to the Audio CD edition.

Product Details

  • Hardcover: 304 pages
  • Publisher: Sentinel HC; First Edition edition (October 5, 2010)
  • Language: English
  • ISBN-10: 1595230718
  • ISBN-13: 978-1595230713
  • Product Dimensions: 6.1 x 1 x 9.2 inches
  • Shipping Weight: 1.1 pounds
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (33 customer reviews)
  • Amazon Best Sellers Rank: #208,223 in Books (See Top 100 in Books)

More About the Author

Charles Gasparino is an on-air editor for CNBC, a columnist for the Daily Beast and the New York Post, and a freelance writer for Forbes and other publications. He previously wrote for Newsweek and the Wall Street Journal, where he covered issues on Wall Street, including pension funds, mutual funds, and regulatory issues. Gasparino has won numerous business journalism awards, and he is the author of Blood on the Street, which was a BusinessWeek bestseller and was listed by Barron's as one of the best business books of 2005, and King of the Club, which was named one of the best business books of 2007 by Library Journal.

Customer Reviews

Our great nation has been sold out to the highest bidder, who happens to be Wall Street. Coach Vint  |  1 reviewer made a similar statement
He tells the whole story and how the pieces interrelate. JCB  |  1 reviewer made a similar statement
Most Helpful Customer Reviews
71 of 76 people found the following review helpful
5.0 out of 5 stars A Great Read with Perfect Timing October 5, 2010
A Kid's Review
Format:Hardcover
Not many books bring a reader deep inside the complex worlds of both finance and Washington DC. Gasparino nails two birds with one stone in "Bought and Paid For." The book, in classic Gasparino style brings you behind the scenes, at the restaurant with all the insiders. This book will show you how the system really works. Gasparino is one of the great journalists of our time and his priceless contacts and Rolodex bring your right there. I couldn't put this book down. How did the Obama administration flip flop so quickly on "Change," and why? Who really controls the process inside the beltway when it comes to financial reform? Who pulls the strings and gets what they want? Who got left at the alter after writing all those checks $$$? What about the little guy? There are so many unanswered questions and people on Main St. want answers. Gasparino has them. Go to the voting booth informed. Buy this book then buy one for a good friend.
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47 of 51 people found the following review helpful
5.0 out of 5 stars Wow!! October 5, 2010
Format:Hardcover
What an eye opener. Not so surprising when you think about it. Obama's actions, especially the so called stimulus package, have alienated him from many of the people who voted for him. Now that we've moved into Fall, whatever happened to the "recovery summer" we were promised? Unemployment of the people continues around ten percent and the Banks seem to have "recovered" beyond all expectations. Gasparino offers insight into where Obama seeks to shore up his falling power. He's lost much of the populace with what he's done and now turns to the money people to make up for what his failed policies have cost him in popular support. Politics makes for strange bedfellows . . . as Gasparino tells it maybe it's not so strange to find this failing president has gotten into bed with big money.
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39 of 42 people found the following review helpful
5.0 out of 5 stars Eye Opener October 5, 2010
Format:Hardcover
A thoughtful, carefully investigated and documented contribution by Mr. Gasparino, this eye opening look at financial chicanery should help us all to understand what is really goning on. Never was the axiom "the first step to solving a problem is to recognize it" more true. Of course, that requires objectivity, not party line sheep.
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Most Recent Customer Reviews
5.0 out of 5 stars A MUST READ!!!
Soooo on the mark! Whomever wants to know what's REALLY going on - this is THE book to read! If enough good people read this, hopefully enough will be awakened so we can save our... Read more
Published 2 months ago by Linda W Rubino
5.0 out of 5 stars A Compelling Indictment
For all those that wonder why, after all the rhetoric against Wall Street, the Obama administration has neither implemented meaningful regulations on how Wall Street does business... Read more
Published 8 months ago by Mike Brown
5.0 out of 5 stars Great book, great condition, fast delivery
Charlie Gasparino nails the hidden relationship Obama has with the biggest players on Wall Street. Gasparino reveals the cozy relationship Wall Street has with the Obama... Read more
Published 16 months ago by John B
5.0 out of 5 stars Revealing and Convincing
This book remains the most convincing explanation I've seen of the background behind the Obama Administration's economic policies and decisions.
Published 19 months ago by Walter
5.0 out of 5 stars amazing expose' of Obama administration
Not terribly suprising, but there turns out to be little distance between the Bush and Obama administrations on the "too big to fail" policy. No prosecutions for the "banksters"? Read more
Published 21 months ago by Mark T
5.0 out of 5 stars Important Exposure
Gasparino has exposed very important things particularly in this day and age. I read it a couple of months ago so it is not fresh in my mind however the important connections and... Read more
Published 22 months ago by Steve
3.0 out of 5 stars Promise unattained
Charles Gasparino in -Bought and Paid For- describes the network of relationships, the crony capitalism, influence peddling, and the employment revolving door between government... Read more
Published 24 months ago by J. Garing
2.0 out of 5 stars I don't believe him
According to him, wall street was scared of Mccain and Clinton. It was Obama they wanted, a safe bet. Oh, and wall street thugs are a bunch of liberals, by the way! lool. Read more
Published on May 12, 2011 by Guy
5.0 out of 5 stars Personal Look at Wall Street's Influence on Washington
Gasparino of the Wall street Journal writes a very personal look at Wall Street's financial institutions influence on Washington. Read more
Published on April 22, 2011 by Daniel Hurley
5.0 out of 5 stars BIG GOV'T AND THE LIBERAL AGENDA
This is a must read for every American. It explains why Wall Street gives all their $$ to the Democrats. Read more
Published on March 9, 2011 by Nora L. Halpert
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