The book that exposed insider trading by Congress still makes headlines today.
This book, published in 2010, was author Peter Schweizer’s first effort at exposing the full smörgåsbord of ways members of Congress have to line their pockets and play the system. It is the full story of the inside game in Washington shows how the permanent political class enriches itself at the expense of the rest of us.
It was after completing work on this book that Peter Schweizer realized that to truly expose the mountains of corrupt activities, schemes, side-deals, and crooked politicians in Washington, it would take an organization. He then founded the Government Accountability Institute in 2012.
- Insider trading is illegal on Wall Street, yet it is routine among members of Congress.
- Normal individuals cannot get in on IPOs at the asking price, but politicians do so routinely.
- The Obama administration has been able to funnel hundreds of millions of dollars to its supporters, ensuring yet more campaign donations.
- An entire class of investors now makes all of its profits based on influence and access in Washington.
Peter Schweizer doggedly researched through mountains of financial records. With the help of two part-time researchers, he tracked complicated deals and stock trades back to the timing of briefings, votes on bills, and every other point of leverage for politicians in Washington. The work was painstaking and slow, because these are the kinds of records that the powerful do not want people to ever find.
But the result is a manifesto for revolution: the Permanent Political Class must go.
“Send me a bill that bans insider trading by members of Congress. I will sign it tomorrow.” ~ President Obama, State of the Union speech, 2014
The book led to the resignation of Rep. Spencer Bachus from his committee chairmanship. Its deep research and journalistic rigor led Newsweek magazine to dub Schweizer “The Wonk Who Slayed Washington.”
For media inquiries and interview requests about Throw Them All Out, please contact publicist Sandy Schulz through email.