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Financial Exposure

Carl Levin's Senate Investigations into Finance and Tax Abuse

Palgrave Macmillan

Authors:

  • Offers an exclusive profile of an American statesman, Senator Carl Levin, known worldwide for his hard-hitting in-depth investigations

  • Addresses an intriguing and timely public policy issue—how to conduct bipartisan, fact-based, high-quality Congressional inquiries

  • Discloses the inner workings of more than a dozen high-profile Senate investigations into complex financial and tax scandals

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xv
  2. Entering the Oversight World

    • Elise J. Bean
    Pages 1-21
  3. Landing at PSI

    • Elise J. Bean
    Pages 23-45
  4. Combating Money Laundering: Round One

    • Elise J. Bean
    Pages 47-84
  5. Taking on Enron and Its Bankers

    • Elise J. Bean
    Pages 85-122
  6. Stopping Abusive Tax Shelters

    • Elise J. Bean
    Pages 123-159
  7. Battling Tax Haven Banks

    • Elise J. Bean
    Pages 161-195
  8. Crossing Party Lines

    • Elise J. Bean
    Pages 197-234
  9. Halting Unfair Credit Card Practices

    • Elise J. Bean
    Pages 235-258
  10. Deconstructing the Financial Crisis

    • Elise J. Bean
    Pages 259-289
  11. Combating Money Laundering: Round Two

    • Elise J. Bean
    Pages 291-331
  12. Exposing Corporate Tax Dodgers

    • Elise J. Bean
    Pages 333-370
  13. Beaching the London Whale

    • Elise J. Bean
    Pages 371-400
  14. Targeting Commodity Speculation

    • Elise J. Bean
    Pages 401-438
  15. Pursuing Oversight

    • Elise J. Bean
    Pages 439-444
  16. Back Matter

    Pages 445-449

About this book

At a time when Congressional investigations have taken on added importance and urgency in American politics, this book offers readers a rare, insider’s portrait of the world of US Congressional oversight. It examines specific oversight investigations into multiple financial and offshore tax scandals over fifteen years, from 1999 to 2014, when Senator Levin served in a leadership role on the US Senate Permanent Subcommittee on Investigations (PSI), the Senate’s premier investigative body. 


Despite mounting levels of partisanship, dysfunction, and cynicism swirling through Congress during those years, this book describes how Congressional oversight investigations can be a powerful tool for uncovering facts, building bipartisan consensus, and fostering change, offering detailed case histories as proof. Grounded in fact, and written as only an insider could tell it, this book will be of interest to financial and tax practitioners, policymakers, academics, students, and the general public.


Authors and Affiliations

  • Levin Center at Wayne Law, Wayne State University Law School, Detroit, MI, USA

    Elise J. Bean

About the author

For nearly 30 years beginning in 1985, Elise Bean worked as legal counsel to Senator Carl Levin (D-MI) on the US Senate Homeland Security and Governmental Affairs Committee. In 2003, Senator Levin appointed her his staff director and chief counsel on the Committee’s Permanent Subcommittee on Investigations. In early 2015, Senator Levin retired from the Senate, and so did Ms. Bean. She then helped establish in his honor the Levin Center at Wayne Law in Detroit. 

During her tenure with Senator Levin, Ms. Bean handled a variety of complex investigations including matters involving money laundering, tax abuse, corruption, unfair credit card practices, health care fraud, abuses involving derivatives and structured finance, commodity speculation, and shell companies with hidden owners. Investigations headed by Ms. Bean included inquiries into the 2008 financial crisis, HSBC money laundering problems, the London whale trades at JPMorgan Chase, the collapse of Enron, and offshore tax dodging by Apple, Microsoft, and Caterpillar.

In 2013 and 2011, the Washingtonian named her one of Washington’s 100 most powerful women. In 2010, Ms. Bean was selected by the National Law Journal as one of Washington’s most influential women lawyers.

Ms. Bean graduated Phi Beta Kappa from Wesleyan University, USA, in 1978, and received her law degree from the University of Michigan, USA, in 1982. She then served as a law clerk to the former Chief Judge of the US Claims Court, and worked for two years as a trial attorney with the US Department of Justice Civil Frauds Section.  



Bibliographic Information

  • Book Title: Financial Exposure

  • Book Subtitle: Carl Levin's Senate Investigations into Finance and Tax Abuse

  • Authors: Elise J. Bean

  • DOI: https://doi.org/10.1007/978-3-319-94388-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018

  • Hardcover ISBN: 978-3-319-94387-9Published: 22 August 2018

  • Softcover ISBN: 978-3-030-06842-4Published: 26 December 2018

  • eBook ISBN: 978-3-319-94388-6Published: 07 August 2018

  • Edition Number: 1

  • Number of Pages: XV, 449

  • Number of Illustrations: 13 b/w illustrations

  • Topics: Popular Science in Finance, Public Finance, Financial History, Public Policy, US Politics

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 49.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 49.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access