All the Presidents' Bankers

All the Presidents' Bankers

The Hidden Alliances That Drive American Power

eBook - 2013
Average Rating:
3
Rate this:
"All The Presidents' Bankers is a compelling narrative of how a small group of private bankers and their financial institutions shaped America's economy and its global position since the start of the twentieth century. Through personal, political and professional networks, these bankers strategically exercised, and continue to exercise, disproportionate control over the destiny of billions of people. Nomi Prins offers an explosive account of how this came to be, and how the banks continue to influence the world economy and dominate government. Aligning the complex relationships between political and financial leaders since the early 1900s, Prins exposes the elite bankers that served as unelected leaders and confidants, acting as a shadow government concealed behind the US presidency from Wilson to Obama. With eye-opening correspondence culled from Presidential libraries across the country, against a timeline of two world wars and multiple market crashes, All The Presidents' Bankers traces the shocking consequences of a system in which there is no line between public office and private power"-- Provided by publisher.
Publisher: New York :, Nation Books,, 2013.
ISBN: 9781568584911
1568584911
Characteristics: 1 online resource (pages cm)
Summary: "All The Presidents' Bankers is a compelling narrative of how a small group of private bankers and their financial institutions shaped America's economy and its global position since the start of the twentieth century. Through personal, political and professional networks, these bankers strategically exercised, and continue to exercise, disproportionate control over the destiny of billions of people. Nomi Prins offers an explosive account of how this came to be, and how the banks continue to influence the world economy and dominate government. Aligning the complex relationships between political and financial leaders since the early 1900s, Prins exposes the elite bankers that served as unelected leaders and confidants, acting as a shadow government concealed behind the US presidency from Wilson to Obama. With eye-opening correspondence culled from Presidential libraries across the country, against a timeline of two world wars and multiple market crashes, All The Presidents' Bankers traces the shocking consequences of a system in which there is no line between public office and private power"-- Provided by publisher.

Opinion

From the critics


Community Activity

Comment

Add a Comment

kurasawa1 Nov 18, 2014

A long read for someone like me who doesn't understand banking - but worthwhile, enlightening. I recommend this book.

Armdis Sep 02, 2014

Sample thought:
"In Washington, Republicans and Democrats both concluded that excessive reliance on bankers to stabilize the financial system in times of turbulence was too high a risk to their own influence over the country, and possibly damaging to America's status in the world. The axiom that the group that controlled the money controlled the country remained true. But with the nation struggling economically, such a condition had political implications and had to be navigated accordingly.
Taft knew this when he campaigned on a vow to continue Roosevelt's reform policies, including the trustbusting activities Roosevelt had set in motion. Though his own background was largely blue-bloodedand warm toward the financiers, he knre the population blamed the bankers for their problems and that the Democrats would capitalize on those suspicions if he didn't balance his support for business interests with empathy for the public.The tactic worked. In the presidential election of 1908 Taft won handily over populist Democrat William Jennings Bryan, even as the country was experiencing a post-Panic recession."

s
StarGladiator
Apr 01, 2014

[With this outstanding book together with Ms. Prins' other books, It Takes a Pillage and OPM, clearly establishes her as the Devil's Historian!] To understand the relationships between politicians and the bankers of Wall Street, one needs to read this book for a most realistic grounding. Nothing escapes this author's notice in recounting the financial history of recent events. Ms. Prins most concisely explains, in the most pithy manner possible, those events leading up to the economic meltdown, the cluelessness, or disingenuousness of Fed Chairman Bernanke just preceding it, and the logical timeline leading to it historically. To understand that the banks primarily created [along with investment houses and hedge funds] the credit derivatives which they profited from, then lent the money to various financial services firms and hedge funds to purchase these derivatives, then took over said investment houses - - or business - - after they exploded - - such as Chase taking over Bear Stearns - - you begin to understand the Big Picture of Corruption! [The Publishers Weekly review was both a cheap and vulgar shot, and most disreputable given the scholarship behind this book, but perhaps the critic hasn't read a Bloomberg or Financial Times article in the last eight years? To refute this critic, just read the passage on NAFTA, and the Mexican banking system, and then you'll understand why the Mexican government recently attempted to extradite Ernesto Zedilla from the US; Ms. Prins simply provides us with the historical information with no conjecture on her part!]

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Browse by Call Number

Recommendations

Subject Headings

  Loading...

Find it at CML

  Loading...
[]
[]
To Top