Remember that old saw about making sausages and making laws—that you don’t want to know too much about either one? Kaiser...
A painstaking, richly detailed look at how the suite of financial reforms that followed the bank near-collapse of 2008 came to be—and nearly didn’t come to be, even as they were defanged.
We get the Congress we deserve, suggests longtime Washington Post reporter Kaiser (So Much Damn Money: The Triumph of Lobbying and the Corrosion of American Government, 2009, etc.), who observes that, beginning in about 1981 with the arrival of Reagan, politics began to trump policy even as “[e]xchanges of favor and petty corruption became congressional reflexes.” When the American financial system threatened to melt down following the collapse of the junk mortgage market and other dubious means of speculation, Congress found itself with few “legislative statesmen and women” smart enough to understand the events that were unfolding and politically astute enough to know what to do about them. Enter Barney Frank, a scrapper and one of the first openly gay U.S. representatives. The hero of Kaiser’s piece, Frank takes the lead in a scenario so threatening that even Mitch McConnell cooperated across the aisle. Though fraught with political peril, Frank saw in the financial crisis “the opportunity to rewrite the rulebook.” Over the course of Kaiser’s complex, fact-studded account, Frank is shown making a game effort at it despite hindrance, mostly from the Republican side of the House. You don’t have to be a policy wonk or economist to understand that saga, but it surely helps when encountering passages such as this: “This law divided responsibility for the firms handling derivatives contracts between the SEC and CFTC, based on the underlying securities or indices.”
Remember that old saw about making sausages and making laws—that you don’t want to know too much about either one? Kaiser disproves it with this lucid if sometimes numbing book.Pub Date: May 7, 2013
ISBN: 978-0-307-70016-2
Page Count: 448
Publisher: Knopf
Review Posted Online: March 16, 2013
Kirkus Reviews Issue: April 1, 2013
BOOK REVIEW
BOOK REVIEW
A forceful, necessarily provocative call to action for the preservation and protection of American Jewish freedom.
Known for her often contentious perspectives, New York Times opinion writer Weiss battles societal Jewish intolerance through lucid prose and a linear playbook of remedies.
While she was vividly aware of anti-Semitism throughout her life, the reality of the problem hit home when an active shooter stormed a Pittsburgh synagogue where her family regularly met for morning services and where she became a bat mitzvah years earlier. The massacre that ensued there further spurred her outrage and passionate activism. She writes that European Jews face a three-pronged threat in contemporary society, where physical, moral, and political fears of mounting violence are putting their general safety in jeopardy. She believes that Americans live in an era when “the lunatic fringe has gone mainstream” and Jews have been forced to become “a people apart.” With palpable frustration, she adroitly assesses the origins of anti-Semitism and how its prevalence is increasing through more discreet portals such as internet self-radicalization. Furthermore, the erosion of civility and tolerance and the demonization of minorities continue via the “casual racism” of political figures like Donald Trump. Following densely political discourses on Zionism and radical Islam, the author offers a list of bullet-point solutions focused on using behavioral and personal action items—individual accountability, active involvement, building community, loving neighbors, etc.—to help stem the tide of anti-Semitism. Weiss sounds a clarion call to Jewish readers who share her growing angst as well as non-Jewish Americans who wish to arm themselves with the knowledge and intellectual tools to combat marginalization and defuse and disavow trends of dehumanizing behavior. “Call it out,” she writes. “Especially when it’s hard.” At the core of the text is the author’s concern for the health and safety of American citizens, and she encourages anyone “who loves freedom and seeks to protect it” to join with her in vigorous activism.
A forceful, necessarily provocative call to action for the preservation and protection of American Jewish freedom.Pub Date: Sept. 10, 2019
ISBN: 978-0-593-13605-8
Page Count: 224
Publisher: Crown
Review Posted Online: Aug. 22, 2019
Bernstein and Woodward, the two Washington Post journalists who broke the Big Story, tell how they did it by old fashioned seat-of-the-pants reporting — in other words, lots of intuition and a thick stack of phone numbers. They've saved a few scoops for the occasion, the biggest being the name of their early inside source, the "sacrificial lamb" H**h Sl**n. But Washingtonians who talked will be most surprised by the admission that their rumored contacts in the FBI and elsewhere never existed; many who were telephoned for "confirmation" were revealing more than they realized. The real drama, and there's plenty of it, lies in the private-eye tactics employed by Bernstein and Woodward (they refer to themselves in the third person, strictly on a last name basis). The centerpiece of their own covert operation was an unnamed high government source they call Deep Throat, with whom Woodward arranged secret meetings by positioning the potted palm on his balcony and through codes scribbled in his morning newspaper. Woodward's wee hours meetings with Deep Throat in an underground parking garage are sheer cinema: we can just see Robert Redford (it has to be Robert Redford) watching warily for muggers and stubbing out endless cigarettes while Deep Throat spills the inside dope about the plumbers. Then too, they amass enough seamy detail to fascinate even the most avid Watergate wallower — what a drunken and abusive Mitchell threatened to do to Post publisher Katherine Graham's tit, and more on the Segretti connection — including the activities of a USC campus political group known as the Ratfuckers whose former members served as a recruiting pool for the Nixon White House. As the scandal goes public and out of their hands Bernstein and Woodward seem as stunned as the rest of us at where their search for the "head ratfucker" has led. You have to agree with what their City Editor Barry Sussman realized way back in the beginning — "We've never had a story like this. Just never."
Pub Date: June 18, 1974
ISBN: 0671894412
Page Count: 372
Publisher: Simon & Schuster
Review Posted Online: Oct. 10, 2011
Kirkus Reviews Issue: June 1, 1974
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