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

4.03  ·  Rating Details ·  237 Ratings  ·  29 Reviews
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 th
Hardcover, 544 pages
Published April 8th 2014 by Nation Books (first published February 25th 2014)
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Jun 08, 2015 Clif rated it it was amazing
I was going to give this book only four stars because the first part is slow going. Then I realized that is only because that part relates to the early years of the 20th century before I was born. It cannot have the same impact as the later pages that tell of the times with which I am familiar.

But that early story is a vital part of the whole. The purpose of this book is to show how banking and politics have been closely entwined for over 100 years; the great crisis of 2008 is only the latest it
Tim Farmer
Mar 03, 2015 Tim Farmer rated it really liked it
Recommends it for: voters
Recommended to Tim by: friend
An informative book about how the banking industry gained power in national and global politics as well as economics. While topic is very complex and could have been inaccessible to all but trained financiers and economics if written by an academic in those fields, the author writes for a lay audience using short, journalistic "chapters" that capture the essence of the issues chronologically. While the bankers of 100 years past, though clearly interested in profits, had a sense of social ...more
Jun 15, 2016 Carlos rated it really liked it
Shelves: history-btr
A book that anyone wishing to understand how US economy works and the why behind the major economic challenges in this country needs to read.
Gordon Hilgers
Feb 26, 2016 Gordon Hilgers rated it it was amazing
After the 2008 economic downturn, when the so-called "free" market banking system collapsed of its own petard, thus foreclosing on 11 million homeowners in the U.S., the fire-bombs from two camps--the Keynesians and the Freidmanists or monitorists--have been flying, both sides blaming the other for the disaster that, in all actuality was caused by greed, an adjunct of appetite, the thing all commerce is based upon, even though its propagandists will argue that "the market", whatever that's ...more
Mar 25, 2016 Eric rated it liked it
Prins is no lover of bankers, and by the end of her book, it is easy to share her point of view. In a year by year, administration by administration approach that is at times painfully detailed, she describes the politics that have created symbiotic financial political arrangements of today. Starting with the end of the 19th century, her work narrates the political machinations of banking firms to secure government underwriting for their speculation, of politicians anxious for popular support ...more
John Corder
May 16, 2014 John Corder rated it it was amazing
This book is as substantial in content as it is in size - and not a page too long. A scholarly work, it takes the reader through the history of banking from the late 1800s to the present day. It highlights the impact American banking has had (and is still having) on world affairs and traces the path taken for it to achieve such influence. So far so good but there was an issue. Throughout the book, I got the feeling that Ms Prins was asking that I read as much between the lines as she wrote on ...more
Sep 27, 2014 Armand rated it it was amazing
Sample thought:
"In Washington, Republicans and Democrats both concluded that excessive reliance on bankers to stabilize the financial system in times of turbulence was too high a risk to their own influence over the country, and possibly damaging to America's status in the world. The axiom that the group that controlled the money controlled the country remained true. But with the nation struggling economically, such a condition had political implications and had to be navigated accordingly.
Oct 03, 2014 Mike rated it really liked it
As a history lesson, it could make a wicked and dramatic 10 part miniseries. But when it really sinks in how war and global/cultural strife were used over the last century to keep the masses ignorant of how these self proclaimed "captains of industry" screwed the entire global community over, you're head wants to pop. I mean, really, the situation is what it is because we continue to allow crooks to run the show with impunity. I don't think this is news to anyone anymore, but All the President's ...more
Aug 25, 2014 John rated it really liked it
Very informative accounting of the relationship between the most powerful financial players in US History and the office of the President of the United States. I really enjoyed reading more about John J McCloy. Over time I found that the start and end of each chapter provided the best analysis of the policies at any given time. The subheadings within each chapter read more like chronology of events without much analysis. Overall a must read!
Nov 05, 2016 Ashley rated it really liked it
'The country's economic future and borrowing power had been compromised by the banker's actions with the advocacy of the White House, and no one said a word.'

Eye opening and disturbing. Took me nearly a year to finish. So much to digest, but it's well crafted combining storytelling with the nitty gritty.
Overall, this book is an excellent history of banking and Wall Street over the past 100+ years from the House of Morgan all the way through to the present time. The author takes a decade-by-decade, administration-by-administration approach to the history of the entangled, intertwined relationship between Wall Street and The White House. Regardless of party or ideology, the bankers call the shots. They mostly always have, and certainly currently do.

The author has clearly done extensive research a
Greg Brozeit
Jun 09, 2015 Greg Brozeit rated it really liked it
Shelves: economics
This is an excellent history of the influence of bankers on the executive branch (and Americans as well as the world) in the 20th and early 21st centuries.

Most interesting was the contrast between the relative alignment of banking, foreign and domestic policy which started to change at the end of the Johnson administration as compared to the mercenary, selfish greed that has dominated since then. As Prins observes, “The bankers’ push to become international financial gods would increasingly seve
Feb 18, 2016 Dinko rated it it was ok
Read it for the facts, not the analysis.
Well researched, but poorly interpreted, this long rant exhibits many of the characteristics of your average paranoid/conspiracy theory loon: frequent contradiction and avoidance of opposite viewpoints or alternate explanations.

At one point, for example, she attempts to demonstrate that the House of Morgan controlled the American economy; that the Morgan financial behemoth was more powerful than the government which relied on the Morgans and their friends
Jun 07, 2015 John rated it it was amazing
Written like a textbook it documents 100 years of financial history beginning with the formation of the Federal Reserve early in the last century to the present day. It traces in great detail the succession of leaders of the major financial corporations which retained their position throughout the years and their relationship to the succession of presidents. Avoiding drawing conclusions it merely states the facts with only a few references to how what happened is similar to what is occurring ...more
May 25, 2016 Barbara rated it really liked it
A bit of a slog to read but the information contained in this book should be realized by all Americans. It tells us how we got to the present omnipotence of the Big Banks - how each administration from T. Roosevelt and beyond bowed at least in part and at most nearly completely to the will of the bankers, corporations, and Wall Street until we arrived at "too big to fail." The scourge of the corporate banking community runs roughshod not only over the US economy and policy making, but has ...more
Jul 21, 2015 Andrew added it
Some interesting stories but I felt like it was put together too quickly. The tone sometimes tends towards conspiritorial which heightens my sense of skepticism, even if the facts are indeed disconcerting (and this book didn't leave me with a clear sense of whether they are or not, despite the subtitle).
Mar 18, 2015 Bill rated it it was amazing
An important book to understand how America has gotten itself into this financial mess it is still in. A history on the monetary policies which explain how the banking industry got so powerful and why it doesn't matter who is President and what party is in power. What really matters is how do we alleviate the power of the bankers??
Neil Vandenberge
Feb 24, 2015 Neil Vandenberge rated it it was amazing
Shelves: non-fiction
When the next bubble bursts and I hear someone say "how did this happen" I will just hand them a copy of this book. It is written in a much more sober tone than most of the other angry books I have read on this topic and managed to narrowly escaped being dry. I found it comprehensive and was impress how much she had seemed to transcend the two party rhetoric.
Steve Meleney
Mar 17, 2016 Steve Meleney rated it really liked it
"... creative largesse ... to keep the wheels of bank capital greased ... jointly left the repercussions of their irresponsible and fraudulent practices behind them ... unconstrained ... swept under the rug ... the cycle of White House / banker alliances persisted ..."
Timothy W Cox
Jun 14, 2014 Timothy W Cox rated it really liked it  ·  review of another edition
Fascinating Read

This is a highly detailed read with interesting and scary connections. Although I was out of my depth at times regarding the exact nature of the transactions I am far more enlightened than I was before I read the book.
Wayne Lincourt
Jun 28, 2015 Wayne Lincourt rated it it was amazing  ·  review of another edition
Excellent look behind the curtain of secrecy in global finance.

This is a comprehensive history of the building of US financial power and the dangers the banking elite pose to the citizens of the world. A lengthy but eminently readable body of work.
Christopher Frandrup
Shocking revelations on the power of bankers

I was entranced with the intricate ties between bankers and politicians dating back to the last century. The links between the banks and the global fiscal crisises are disturbing.
Ndlela Ntuli
Jul 02, 2015 Ndlela Ntuli rated it really liked it
So the world runs on money. Nothing new. Campaigning runs on money, nothing new either. How many people living in debt today know where the credit comes from and how this money is created out of thin air.
Nov 08, 2014 Steve rated it really liked it
The banker is a unfortunate nesecsity. what I read through out this book is lenders are the problem. They have the loans backed up by a second party(gov)there is no risk in it they keep doing it. It all comes down to the "Golden Rule" the one with gold makes the rules.
Jul 10, 2016 Soo rated it it was amazing
Shelves: audiobooks
An informative book, which is very relevant to what is happening in the present day. An essential read for anyone who is frustrated by the lack of political will to make the banks pay for their own mistakes!
S.C. Hickman
S.C. Hickman rated it really liked it
Oct 15, 2016
Lenny rated it it was amazing
Feb 19, 2016
Peter  Michael Martin
Peter Michael Martin rated it really liked it
May 07, 2016
Alba Mendoza
Alba Mendoza rated it really liked it
Nov 28, 2016
Ken rated it it was amazing
Mar 31, 2016
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Nomi Prins is a journalist, speaker and Senior Fellow at Demos. Her new book All the Presidents' Bankers: The Hidden Alliances that Drive American Power is out April 8, 2014. She is also the author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street, Other People's Money: The Corporate Mugging of America, a devastating expose into corporate co ...more
More about Nomi Prins...

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“We live in a very confused time,” Wilson said. “The economic developments which have embarrassed our life are of comparably recent origin, and our chief trouble is that we do not exactly know what we are about.” 0 likes
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