Overview

Who rules America?

All the Presidents Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.
Culled from original presidential archival documents, "All the Presidents Bankers" delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics or greed driving bankers.

Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protege relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in Washington, DC.

"All the Presidents Bankers" sheds new light on pivotal historic events such as why, after the Panic of 1907, America s dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgan s ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt s son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.

Prins divulges how, through the Cold War and Vietnam era, presidents and bankers pushed America s superpower status and expansion abroad, while promoting broadly democratic values and social welfare at home. But from the 1970s, Wall Street s rush to secure Middle East oil profits altered the nature of political-financial alliances. Bankers profit motive trumped heritage and allegiance to public service, while presidents lost control over the economyas was dramatically evident in the financial crisis of 2008.
This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. "All the Presidents Bankers" explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us."

Editorial Reviews
  • 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 facade 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
  • Even those who have read Secrets of the Temple, William Greider's massive and brilliant 1987 expose 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.--American Prospect
  • 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
  • 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
  • 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
About the Author

Nomi Prins is a renowned author, journalist, and speaker. She is the author of Black Tuesday, It Takes a Pillage, and Other People's Money, which was chosen as a Best Book by The Economist, Barron's, and the Library Journal. Nomi has also been a featured commentator on numerous national and international TV programs.

Product Details

Author:  Nomi Prins
ISBN:  1568584792   
Publisher:  Nation Books
Publish Date:  March 24, 2015
Pages:  544 pages
Dimensions:  1.6" H x 8.2" L x 5.5" W (1.1 lbs) 

All the Presidents' Bankers: The Hidden Alliances That Drive American Power


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