PDF Ebook All the Presidents' Bankers: The Hidden Alliances that Drive American Power, by Nomi Prins
- Maret 31, 2017
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PDF Ebook All the Presidents' Bankers: The Hidden Alliances that Drive American Power, by Nomi Prins
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All the Presidents' Bankers: The Hidden Alliances that Drive American Power, by Nomi Prins
PDF Ebook All the Presidents' Bankers: The Hidden Alliances that Drive American Power, by Nomi Prins
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Review
"Even those who have read Secrets of the Temple, William Greider's massive and brilliant 1987 exposé of the Federal Reserve, will find Prins's book worth their time. She presents a new narrative, one that shows how the changing cast of six has shaped America's fortunes under presidents in both parties."―David Cay Johnston, The American Prospect"'All the Presidents' Bankers' spins an enormous amount of research into a coherent, readable narrative. Even her frequent kvetches about the lifestyles of rich and famous bankers are entertaining....There is always room for criticism, and Ms. Prins does it rather well. Banking was her first career before taking up journalism. She can talk the talk and is knowledgeable about the many points where banking and public policy intersect...Give her credit... for seeing through the façade of Dodd-Frank into the danger of another meltdown that lurks in our day of quasi-nationalized banking."―George Melloan, Wall Street Journal"A calm, authoritative elucidation of verifiable history."―Financial Times"A seminal addition to the history of continuity government between the White House and Wall Street... A captivating read for anyone seeking clarity on why Wall Street can collapse, get bailed out by the taxpayer, cause a Great Recession and still call the shots in Washington...The hefty hardcover deserves instant classic status for two reasons: like no other tome before, it explains through original archival material why the mega Wall Street banks are coddled by Washington and have been allowed to survive a century of public looting - because they are considered an essential financial component of the U.S. war arsenal."―Wall Street on Parade"Prins divides her justifiably long text into digestible one- to three-page segments and seamlessly incorporates dozens of prominent banker profiles. Her work is highly recommended both to general readers and to students of financial history."―Library Journal, starred review"A revealing look at the often symbiotic, sometimes-adversarial relationship between the White House and Wall Street... [A] sweeping history of bank presidents and their relationships with the nation's chief executives."―Kirkus Reviews"This book offers a time line analysis of Americans who granted or wielded tremendous power in unelected positions of public trust, on behalf of US presidents and cabinet secretaries, from the 1880s through 2013... [Prins] tackles hundreds of handwritten letters, archives, and documents necessary to research her subject; her findings provide insight into how US policy advisers juggled their allegiances between their employers, clients, and contacts in the White House, and the good of the nation."―CHOICE"Nomi Prins follows the money. She used to work on Wall Street. And now she has written a seminal history of America's bankers and their symbiotic relationship with all the presidents from Teddy Roosevelt through Barack Obama. It is an astonishing tale. All the Presidents' Bankers relies on the presidential archives to reveal how power works in this American democracy. Prins writes in the tradition of C. Wright Mills, Richard Rovere and William Greider. Her book is a stunning contribution to the history of the American Establishment."―Kai Bird, Pulitzer Prize-winning biographer and author of The Good Spy: The Life and Death of Robert Ames"The relationship between Washington and Wall Street isn't really a revolving door. Its a merry-go-round. And, as Prins shows, the merriest of all are the bankers and financiers that get rich off the relationship, using their public offices and access to build private wealth and power. Disturbing and important."―Robert B. Reich, Chancellor's Professor of Public Policy, University of California at Berkeley"In this riveting, definitive history, Nomi Prins reveals how US policy has been largely dominated by a circle of the same families. For more than a century, they subverted democracy, neglected the public interest, and stole power from the American people."―Paul Craig Roberts, former Wall Street Journal editor and Assistant Secretary of the US Treasury
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About the Author
Nomi Prins is a journalist, speaker, respected TV and radio commentator, and former Wall Street executive. Author of several books, including Collusion, Other People's Money and It Takes a Pillage, her writing has been featured in the New York Times, Fortune, Mother Jones, the Guardian, the Nation, and other publications. Follow her on Twitter @NomiPrins
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Product details
Paperback: 544 pages
Publisher: Bold Type Books; Reprint edition (March 24, 2015)
Language: English
ISBN-10: 1568584792
ISBN-13: 978-1568584799
Product Dimensions:
5.5 x 1.5 x 8.2 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review:
4.5 out of 5 stars
172 customer reviews
Amazon Best Sellers Rank:
#81,836 in Books (See Top 100 in Books)
This book details the long-standing, close relationship between Presidents and Wall Street bankers.Over the years the bankers have gotten more powerful and brash.The author details the rampant conflicts of interest when bankers cross over into the government sector, particularly the cabinet.There is a lot of history in this large book! There are details on how various Presidents interacted with Wall Street and bankers involvement in historical events. One example is the Iran Hostage crisis.The history of "too big to fail" is only part of it, as the author demonstrates that "certain bankers were too influential to restrain."History has a way of repeating itself, especially when it comes to bankers and the White House.A long book but I found it intriguing from start to finish.
Nomi Prins has done it again. With All the Presidents' Bankers, she shows in exhaustive detail how Wall Street has captured the US political and regulatory process: Left, Right, Up, Down, Sideways. Indeed, as she demonstrates convincingly in the book, the entire left-right paradigm of modern US politics is completely irrelevant to a proper understanding of what really goes on in the long, dark tunnels of power linking Wall Street in New York with K Street in Washington, and their deleterious impact on what some still purport to call 'democracy'. In this regard her book is written in the hard-hitting, anti-establishment traditions of such monumental works as 'Wall Street and American Foreign Policy' by Murray Rothbard and the more recent 'The Great Deformation' by David Stockman.One particularly revealing aspect of Prins' forensic financial and political power investigation is the 'family tree' of the alliances she uncovers and exposes, many branches of which are cemented by marriage. While similar nefarious associations are no doubt as old as organized corporations and government generally, there has been a dramatic increase in their power and scope since the early progressive era in US history, where Prins sources many of the historical threads she weaves into a vast tapestry of questionable influences on powerful politicians, compelling circumstantial evidence of corruption and, in some cases, blatantly overt attempts to extend insider influence into areas it once feared to tread.As one proceeds through chapter after thoroughly documented chapter, there arises a sense of helplessness regarding what, if anything, is to be done. But education and the enlightenment that follows are the essential first steps to an empowerment that might, just might, make a material difference. With All the Presidents' Bankers, Nomi Prins just might have written the text that catalyzes education and enlightenment into effective action, and for this she has done not only her readers, but all concerned Americans, a great service.
This is an exceptional work. From president to president we see the connection between finance and our national leadership. Well documented and with a gift for storytelling . With many finance history books we get pieces of the puzzle . Prins in All the Presidents' Banker gives us the whole puzzle.From the early 1900s to the end of 2013 , a brilliant concept which compels you to not put it down. This will soon be a classic .
Wow. What a book. This "wow" refers not only to the breadth and depth and tautness of Nomi Prins' writing, but to the amazing sweep of interconnected relationships she reveals at the heart of American and global economic development in the 20th and 21st century.Too often we get disconnected "front-end" understandings of such monumental political events as the Federal Reserve Act, Glass-Steagall Act, the Bretton Woods agreement, the Marshall Plan, and so forth. As an aware citizen who studies history and economy, Prins surprised me consistently with her in-depth research exposing the interconnected "back-door" origins and maneuverings of the powerful (and largely invisible) engineers of U.S. financial dominance. She does so in a clear, compelling, story-telling style that comes off equal parts forensic analysis and investigative journalism (with 69 pages of endnotes to back it up).Nomi Prins trusts the power of the story to convey the outrageous twists of the American financial saga. She is not a polemicist, but a true writer, inhabiting the story, and letting the story inhabit her. When one reads the main title, "All the Presidents' Bankers," one might think hers is an op-ed driven book, but Prins' style and focus is better captured in the subtitle: "The Hidden Alliances that Drive American Power."I had a notion going in that I would be reading about quasi-legal power brokers and the people they manipulated. There IS some of that, but I received something deeper-- a social dissection of collaborators who glory in the power to control others and to control resources by controlling the tool (money) in which material welfare is measured.I learned how "new" terms like "too big to fail" are really old trends scaled up in sophistication and scope. In addition, "All the Presidents' Bankers" speaks to human nature and the persistent patterns it takes when attached to opportunism and fear. I gleaned within this book not only the seeds of the material "American Dream" but of "disaster capitalism," the use of ostensible emergency to ramp up profiteering and ram through anti-democratic consolidations of power.I consider this book required reading for anyone serious about a deep, nuanced understanding of the precarious historical and economic edge we find ourselves currently occupying. Our predicament did not develop overnight. "All the Presidents' Bankers" provides an aware foundation for the democratic exchange, production, and creativity we will need to develop to outgrow the immaturity and unsustainability of our current global financial system.If we want to effectively move forward, we must learn how we got here. Prins' deft prose and fine mind offer the best kind of teaching and inspiration. Our experiment with materialism and power need not be wasted if its studied failure turns us toward collaboration, character, compassion, and courage.
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