All the Presidents' Bankers by Nomi Prins

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. These families and individuals recycle their power through elected office and private channels in Washington, DC.Īll 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. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. Ayan Sheikh recorded the talk.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.Ĭulled 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 spoke at Town Hall Seattle on April 23 as part of the Civics Series, in partnership with Third Place Books. Her latest book is 'All the Presidents' Bankers: The Hidden Alliances that Drive American Power.' Her previous books include 'It Takes a Pillage,' 'Other People's Money,' 'Jacked' and 'Black Tuesday.' Prins advocates for the reinstatement of the Glass-Steagall Act and other regulatory reforms. She is a former managing director at Goldman-Sachs and Bear Stearns. Prins is a journalist, author and senior fellow at the progressive public policy think-tank, Demos. The book details economic expansion, contraction and crises from the panic of 1907 to today, in the context of what Prins calls America’s genealogy of power. Using archival correspondence, she explores the ways a small group of influential people, elected and not, has shaped American policy at home and abroad. In Nomi Prins' new book 'All the Presidents' Bankers,' she delves into over a century of close ties between the White House and Wall Street.

All the Presidents' Bankers by Nomi Prins