In It Takes a Pillage, former Wall Street insider turned muckraking journalist Nomi Prins explains how we are building a new bubble with more leverage, bigger bonuses, rampant speculation and fraud, amid extended unemployment and personal financial decline.
The big question is, do the supporters of this bill really believe it will change Wall Street? Or do they simply hope it’ll be enough to placate us so the status quo can be validated? Nomi Prins assumes the latter, because they can’t be that naive. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.After months of various drafts and political infighting, Congress finally passed, and President Obama signed into law, a bill that was supposedly the biggest financial reform bill in decades. All the Presidents' Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. These families and individuals recycle their power through elected office and private channels in Washington, DC.įrom the Panic of 1907 to 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. She unravels the multi-generational blood, intermarriage, and proté relationships that have confined national influence to a privileged cluster of people. Nomi Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. 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. 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.
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