Book Reviews Dyman Associates Publishing Inc: All the Presidents’ Bankers

[B]The Unholy Alliance between Presidents and Bankers[/B]

Calling a book a “tour de force” is a cliché, but every once in a while this overused phrase fits, and that is the case with All the Presidents’ Bankers by Nomi Prins. Consider what Prins has pulled off in this meticulously researched yet readable work (her fourth book about the U.S. financial system): nothing less than tracking the often unholy alliance between American presidents and bankers across a century of American history, two world wars, the Cold War, market booms, busts and panics, and bailouts funded courtesy of American taxpayers.

From Teddy Roosevelt to Barack Obama, J.P. Morgan and Charles Mitchell to John Reed and Jamie Dimon, presidents and bankers have depended on one another to open foreign markets, finance wars, and ensure the U.S. dollar became and remained the world’s dominant currency. As Prins notes, “No other country on the planet is driven by such a critical symbiotic and costly relationship.”

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