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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 by [Schweizer, Peter]
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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 Kindle Edition

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Length: 240 pages Word Wise: Enabled

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Editorial Reviews

Amazon.com Review

Amazon Exclusive: A Q&A with Author Peter Schweizer

Q:When did you realize that so many insider trading and sweetheart land deals were going on?

A: When I first discovered that members of Congress are exempt from insider trading laws, I didn’t believe it. Then, when I started to look at their stock trades and compare them with what they were doing in office, I was stunned.

Q: What do you mean by the "Permanent Political Class"?

A: I think politics in Washington has become a business opportunity. Republicans and Democrats are not so different as you think. They work together to enrich themselves. They have designed the system to work so that they can make lots of money doing things that would get the rest of us sent to jail.

Q: What do you mean by "honest graft"?

A: When people think of politicians making money in Washington, they think of bribery and other illegal activities. That’s small potatoes. The real money is made by doing stuff that’s legal, including insider trading on the stock market and land deals.

Q: Politicians are exempt from insider trading laws? You’re kidding, right?

A: No. They write the rules, and guess what: the rules that apply to us don’t apply to them. By the way, they are also exempt from whistleblower laws. If you see your boss committing a financial crime, you can report them and you will be protected. You can’t be fired. But if your boss is a congressman? You’re toast. You are not protected.

Q: What’s wrong with politicians who trade stock? Don’t we want them involved in the economy?

A: Yes, but they are doing exactly what corporate insiders get sent to jail for doing. It’s a double standard and it’s unfair. If Martha Stewart had been in the U.S. Senate, she would have been protected.


Book Description

HMH hardcover, 2011, Previous ISBN: 978-0-547-57314-4

Product details

  • File Size: 3335 KB
  • Print Length: 240 pages
  • Publisher: Mariner Books; Reprint edition (November 15, 2011)
  • Publication Date: November 15, 2011
  • Sold by: Houghton Mifflin Harcourt
  • Language: English
  • ASIN: B0062N35X8
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #124,139 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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