Through thorough research and incisive writing, Nomi Prins has revealed how tightly Wall Street and White House policy have been aligned for more than a century. This is a difficult relationship to nail down, but Prins - as one reviewer noted - "followed the money." As a result, All the Presidents' Bankers is a must-read blockbuster of a book that names names and nails down the reality that US domestic and foreign policy is largely driven by the interests of economic hegemony and consolidated wealth.
Prins, a former executive on Wall Street and now an author and journalist, knew where to find the evidence - and it is startling to read the details.
In an extensive interview with Truthout, Prins discusses "the hidden alliances that drive Amercan power."Truthout | Author Interview
The Oligarchy Doesn't Care About Democracy, Just Rigged Markets
Mark Karlin interviews Nomi Prins, formerly a managing director at Goldman Sachs, a senior managing director at Bear Stearns in London, a strategist at Lehman Brothers, and an analyst at the Chase Manhattan Bank. She is currenty a Senior Fellow at the non-partisan public policy think-tank, Demos.
On the one hand this book sounds somewhat interesting in that it develops some detail and names names. On the other hand, there is nothing remotely novel or surprising about the story it tells. That the US government works hand-in-hand with the major players in US industry and US finance to promote US interests and power around the world is old news.
ReplyDeleteTo provide an uplifting bit of info, Nomi follows Dr. Kelton on Twitter. So does Katrina vanden Heuvel.
ReplyDeleteBaseball hot dogs apple pie and LIBOR RIGGING rates to go down so credit unions and municipalities lose CDO swaps big time so cities like Detroit lose the pensions of firemen and police to the banks who lowered these rates in 2008 to win win WIN while then increasing the margins on lines of credit for small businesses to compensate for the reduced rates!
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