All the Presidents' Bankers by Nomi Prins

All the Presidents’ Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power.

This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. Bankers’ profit motive trumped heritage and allegiance to public service, while presidents lost control over the economy – as was dramatically evident in the financial crisis of 2008. But from the 1970s, Wall Street’s rush to secure Middle East oil profits altered the nature of political-financial alliances. 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. invited Roosevelt’s son yachting and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II. 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.

The Hidden Alliances that Drive American PowerĪll 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.

All the Presidents' Bankers by Nomi Prins