The Unwinding: An Inner History of the New America - Part III: (p. 279-430) Summary & Analysis

George Packer
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Summary

Jeff Connaughton:

In 2009, as the financial crisis unfolds, Connaughten makes a complete political turnaround. He begins to see the world through the eyes of the have-nots and understands how the elite and powerful hold onto power in America. He is disgusted as he witnesses the ethics and standards of conduct he learned in business school and law school violated, ignored and renounced by the behavior of greed-heads on Wall Street.

Connaughton sees the reflection of this corruption in the political process which forces even outstanding public servants to pimp themselves before the rich and powerful. He sees his former classmates becoming lackeys of the commercial banks, the investment banks, Wall Street. As the financial crisis worsens, Jeff notices that the highest-level executives in financial institutions seem immune to the probes of the FBI and SEC—agencies that focus on systemic failure...

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This section contains 2,311 words
(approx. 6 pages at 400 words per page)
Buy The Unwinding: An Inner History of the New America Study Guide
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