Business Insider-
A former staffer for Vice President Joe Biden and ex-Senator Ted Kaufman (D-DE) is out with a new book called ‘The Payoff: Why Wall Street Always Wins,’ about how the D.C. power structure allowed Wall Street to emerge from the financialcrisis unscathed.
The staffer’s name is Jeff Connaughton, and back in 2009 (after working as a D.C. lobbyist as well as for Biden) he joined Ted Kaufman in Delaware where Kaufman was filling Joe Biden’s vacant Senate seat.
Connaughton’s book is the story of how he Kaufman watched everyone in Washington from the Obama administration to the SEC back down from a fight with Wall Street banks.