The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives by Jesse Eisinger

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The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives Read Online Free - From Pulitzer Prize–winning journalist Jesse Eisinger, a blistering account of corporate greed and impunity, and the reckless, often anemic response from the Department of Justice.

Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed “Too Big to Fail” to almost every large corporation in America—to pharmaceutical companies and auto manufacturers and beyond.

The Chickenshit Club—an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs—explains why. A character-driven narrative, the book tells the story from inside the Department of Justice. The complex and richly reported story spans the last decade and a half of prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives.

The book begins in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. The book travels to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and F.B.I agents. These revealing looks provide context for the evolution of the Justice Department’s approach to pursuing corporate criminals through the early aughts and into the Justice Department of today.

Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice.

Title : The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives
Author :
Rating :
ISBN : 1501121367
Edition Language : English
Format Type : Hardcover
Number of Pages : 400 pages


Trish rated it ★★★★★

August 13, 2017

Eisinger explores “Why the Justice Department Fails to Prosecute Executives” in this book that introduces us to the heyday of criminal prosecutions for white collar crime to its nadir, Eisinger argues, today. “The Department of Justice is a loose federation of ninety-four offices around the coun...

Athan rated it ★★★☆☆

August 13, 2017

It’s been said, and I for one tend to agree, that in November 2016 the American public punished the Democrats for not having successfully (or otherwise) prosecuted any senior Wall Street executives during the eight years following the crash 2008. I was hoping that this book was the one that would...

Nick rated it ★★★★★

June 21, 2017

If you hate what Wall Street has done to America and you want to understand how it happened (even if your eyes glaze over at the first mention of "securities" or "derivatives"), you will love this book. Eisinger cuts through the financial jargon and bureaucrat-speak to tell a story with rich char...

The Pfaeffle Journal (Diane) rated it ★★★★☆

July 23, 2017

very disheartening read.

David rated it ★★★★★

May 31, 2017

A fascinating narrative that begins with how US law enforcement used to get white collar crime right - not even two decades ago - and how it all fell apart. Unfavorable rulings and extreme timidity have created a special class of citizenship for corporations and their executives, a class that nee...

Kressel rated it ★★★★☆

October 30, 2017

Another reader compared this book to THE BIG SHORT, and it’s fitting both in style and in content. Both books tell the personal stories of people involved with highly complex financial crimes to help clarify that complexity to the layperson. (To be honest, Michael Lewis did a better job of it.) M...

Siv30 rated it ★★★★☆

September 27, 2017

"Jed Rakoff had started to grasp something awful: the SEC was no longer the agency he once admired. This incompetence would never have happened under Sporkin. It wouldn’t have happened throughout the 1980s and 1990s. He recalled Richard Breeden, the chairman of the SEC under the first George Bush...

Scott rated it ★★★★★

August 08, 2017

I finished reading "The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives" by Jesse Eisinger this evening. I highly recommend the book, it gives the history of fighting corporate malfeasance since the 1970s, with special emphasis on and after Enron/Arthur Andersen. That d...

Mehrsa rated it ★★★★☆

December 14, 2017

If you haven't read the Divide by Matt Taibbi, read that one first. If you read that and loved it, come here for some more detail. It's a great book and it's a total tragedy of justice that more banks weren't prosecuted.

Richard rated it ★☆☆☆☆

September 19, 2017

Great title but full of minutiae only a Federal Prosecutor might care about... after being away from this book on a 3k motorcycle trip I'm not about to pick it up again.

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