All The Presidents Bankers
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Author | : Nomi Prins |
Publisher | : Nation Books |
Total Pages | : 546 |
Release | : 2014-04-08 |
Genre | : Political Science |
ISBN | : 156858749X |
Prins shows how powerful Wall Street bankers partnered with presidents to became the unelected leaders of the 20th century.
Author | : Nomi Prins |
Publisher | : Bold Type Books |
Total Pages | : 456 |
Release | : 2018-05-01 |
Genre | : Business & Economics |
ISBN | : 1568585632 |
In this searing exposéformer Wall Street insider Nomi Prins shows how the 2007-2008 financial crisis turbo-boosted the influence of central bankers and triggered a massive shift in the world order. Central banks and international institutions like the IMF have overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks or balances. Meanwhile, the open door between private and central banking has ensured endless opportunities for market manipulation and asset bubbles -- with government support. Through on-the-ground reporting, Prins reveals how five regions and their central banks reshaped economics and geopolitics. She discloses how Mexico navigated its relationship with the US while striving for independence and how Brazil led the BRICS countries to challenge the US dollar's hegemony. She explains how China's retaliation against the Fed's supremacy is aiding its ongoing ascent as a global superpower and how Japan is negotiating the power shift from the West to the East. And she illustrates how the European response to the financial crisis fueled instability that manifests itself in everything from rising populism to the shocking Brexit vote. Packed with tantalizing details about the elite players orchestrating the world economy -- from Janet Yellen and Mario Draghi to Ben Bernanke and Christine Lagarde -- Collusion takes the reader inside the most discreet conversations at exclusive retreats like Jackson Hole and Davos. A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
Author | : Nomi Prins |
Publisher | : The New Press |
Total Pages | : 370 |
Release | : 2006-08-01 |
Genre | : Business & Economics |
ISBN | : 1595586628 |
Critical, independent voices are seldom found within the citadels of international finance. That's what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public. In this acclaimed exposé, named one of the best books of 2004 by The Economist, Barron's, Library Journal, and The Progressive, Prins provides fascinating firsthand details of day-to-day life in the financial leviathans, with all its rich absurdities. She demonstrates how the much-publicized fraud of recent years resulted from deregulation that trashed the rules of responsible corporate behavior, and not simply the unbridled greed of a select few. While the stock market roared on the back of phony balance sheets, executives made out like bandits and Congress looked the other way. Worse yet, as the new foreword to the paperback edition makes clear, everything remains in place for a repeat performance.
Author | : Jochen Kraske |
Publisher | : World Bank Publications |
Total Pages | : 388 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780195211122 |
The World Bank has been in business for more than fifty years. Starting from an original - and still relevant - goal of helping reconstruct war-torn economies, it has enlarged its mission to meet the changing needs of developing countries and the challenges of the post-cold war world. Now the World Bank's historian, Jochen Kraske, draws on the Bank's archives and other sources to tell the story of the Bank's first seven presidents and how their personalities, outlook, and managerial styles have affected the institution.
Author | : Simon Johnson |
Publisher | : Vintage |
Total Pages | : 338 |
Release | : 2010-03-30 |
Genre | : Business & Economics |
ISBN | : 0307379221 |
In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.
Author | : Mark H. Rose |
Publisher | : University of Pennsylvania Press |
Total Pages | : 272 |
Release | : 2018-12-28 |
Genre | : History |
ISBN | : 0812251024 |
Although most Americans attribute shifting practices in the financial industry to the invisible hand of the market, Mark H. Rose reveals the degree to which presidents, legislators, regulators, and even bankers themselves have long taken an active interest in regulating the industry. In 1971, members of Richard Nixon's Commission on Financial Structure and Regulation described the banks they sought to create as "supermarkets." Analogous to the twentieth-century model of a store at which Americans could buy everything from soft drinks to fresh produce, supermarket banks would accept deposits, make loans, sell insurance, guide mergers and acquisitions, and underwrite stock and bond issues. The supermarket bank presented a radical departure from the financial industry as it stood, composed as it was of local savings and loans, commercial banks, investment banks, mutual funds, and insurance firms. Over the next four decades, through a process Rose describes as "grinding politics," supermarket banks became the guiding model of the financial industry. As the banking industry consolidated, it grew too large while remaining too fragmented and unwieldy for politicians to regulate and for regulators to understand—until, in 2008, those supermarket banks, such as Citigroup, needed federal help to survive and prosper once again. Rose explains the history of the financial industry as a story of individuals—some well-known, like Presidents Kennedy, Carter, Reagan, and Clinton; Treasury Secretaries Donald Regan and Timothy Geithner; and JP Morgan CEO Jamie Dimon; and some less so, though equally influential, such as Kennedy's Comptroller of the Currency James J. Saxon, Citicorp CEO Walter Wriston, and Bank of America CEOs Hugh McColl and Kenneth Lewis. Rose traces the evolution of supermarket banks from the early days of the Kennedy administration, through the financial crisis of 2008, and up to the Trump administration's attempts to modify bank rules. Deeply researched and accessibly written, Market Rules demystifies the major trends in the banking industry and brings financial policy to life.
Author | : Neil Irwin |
Publisher | : National Geographic Books |
Total Pages | : 0 |
Release | : 2014-03-25 |
Genre | : Business & Economics |
ISBN | : 0143124994 |
The inside story of the world’s most powerful central bankers—and the most intense exercise in economic crisis management the world has ever seen Suddenly, without warning, in August 2007, three men who had never been elected to public office found themselves the most powerful people in the world. They were the leaders of the world’s three most important central banks: Ben Bernanke of the U.S. Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. In The Alchemists, Washington Post reporter Neil Irwin presents the truly global story of the central bankers’ role in the world economy that we have been missing. Definitive, revelatory, and riveting, it shows us where money comes from—and where it may well be going.
Author | : Xaviant Haze |
Publisher | : Simon and Schuster |
Total Pages | : 302 |
Release | : 2016-09-15 |
Genre | : Body, Mind & Spirit |
ISBN | : 1591432340 |
Reveals how the Rothschild Banking Dynasty fomented war and assassination attempts on 4 presidents in order to create the Federal Reserve Bank • Explains how the Rothschild family began the War of 1812 because Congress failed to renew a 20-year charter for their Central Bank as well as how the ensuing debt of the war forced Congress to renew the charter • Details Andrew Jackson’s anti-bank presidential campaigns, his war on Rothschild agents within the government, and his successful defeat of the Central Bank • Reveals how the Rothschilds spurred the Civil War and were behind the assassination of Lincoln In this startling investigation into the suppressed history of America in the 1800s, Xaviant Haze reveals how the powerful Rothschild banking family and the Central Banking System, now known as the Federal Reserve Bank, provide a continuous thread of connection between the War of 1812, the Civil War, the financial crises of the 1800s, and assassination attempts on Presidents Jackson and Lincoln. The author reveals how the War of 1812 began after Congress failed to renew a 20-year charter for the Central Bank. After the war, the ensuing debt forced Congress to grant the central banking scheme another 20-year charter. The author explains how this spurred General Andrew Jackson--fed up with the central bank system and Nathan Rothschild’s control of Congress--to enter politics and become president in 1828. Citing the financial crises engineered by the banks, Jackson spent his first term weeding out Rothschild agents from the government. After being re-elected to a 2nd term with the slogan “Jackson and No Bank,” he became the only president to ever pay off the national debt. When the Central Bank’s charter came up for renewal in 1836, he successfully rallied Congress to vote against it. The author explains how, after failing to regain their power politically, the Rothschilds plunged the country into Civil War. He shows how Lincoln created a system allowing the U.S. to furnish its own money, without need for a Central Bank, and how this led to his assassination by a Rothschild agent. With Lincoln out of the picture, the Rothschilds were able to wipe out his prosperous monetary system, which plunged the country into high unemployment and recession and laid the foundation for the later formation of the Federal Reserve Bank--a banking scheme still in place in America today.
Author | : Jack Cashill |
Publisher | : Thomas Nelson |
Total Pages | : 270 |
Release | : 2010-03-15 |
Genre | : History |
ISBN | : 1418555304 |
AMIDST THE WRECKAGE OF FINANCIAL RUIN, PEOPLE ARE LEFT PUZZLING ABOUT HOW IT HAPPENED. WHERE DID ALL THE PROBLEMS BEGIN? For the answer, Jack Cashill, a journalist as shrewd as he is seasoned, looks past the headlines and deep into pages of history and comes back with the goods. From Plato to payday loans, from Aristotle to AIG, from Shakespeare to the Salomon Brothers, from the Medici to Bernie Madoff—in Popes and Bankers Jack Cashill unfurls a fascinating story of credit and debt, usury and “the sordid love of gain.” With a dizzying cast of characters, including church officials, gutter loan sharks, and even the Knights Templar, Cashill traces the creative tension between “pious restraint” and “economic ambition” through the annals of human history and illuminates both the dark corners of our past and the dusty corners of our billfolds.
Author | : Sebastian Mallaby |
Publisher | : Penguin |
Total Pages | : 498 |
Release | : 2006-04-25 |
Genre | : Biography & Autobiography |
ISBN | : 0143036793 |
Never has the World Bank's relief work been more important than in the last nine years, when crises as huge as AIDS and the emergence of terrorist sanctuaries have threatened the prosperity of billions. This journalistic masterpiece by Washington Post columnist Sebastian Mallaby charts those controversial years at the Bank under the leadership of James Wolfensohn—the unstoppable power broker whose daring efforts to enlarge the planet's wealth in an age of globalization and terror were matched only by the force of his polarizing personality. Based on unprecedented access to its subject, this captivating tour through the messy reality of global development is that rare triumph—an emblematic story through which a gifted author has channeled the spirit of the age. This edition features a new afterword by the author that analyzes the appointment of Paul Wolfowitz as Wolfensohn's successor at the World bank