Warlike situation, relationship changed but the dependency of one group on the other continued. It was either about money or influence by them is pretty much prevalent in different ways through different presidencies weve had throughout our history but the history i cover specifically since Teddy Roosevelt administration until today. Host is there a reason you picked that starting point . Guest yes. First of all it was only so much time i had an life basically to do a couple of centuries versus one but really what happened was as we know there was a crisis, a crash, black tuesday 1929. Not want to start the book but when i realized when i researched that crash was a couple of the bankers that were most connected to the crash and most concerned about it including bankers from the morgan bank bank which we now s j. P. Morgan chase, if you trace them back, traced back to j. P. Morgan and j. P. Morgan was one of the league bankers in the country from 1890. There was this through line of in
Supermarkets institutions and thousands of Smaller Community banks is the result of more than a century of political dealmaking. In early 1930s fdrs new deal reforms included the glasssteagall act a law that created federal deposit insurance and for more than 50 years separated commercial banks from Investment Banking activity. Federal deposit insurance government controls on deposit Interest Rate and protection from competition from the mid1930s through the 1950s among the best of times for small Community Banks. Still underlying Market Forces favor the poor nation of large regional banking groups, innovative Holding Companies like the Transamerica Corporation and abetted legal ways to assemble large interstate banking conglomerates are tensely creating a new source of Competitive Pressure for smalltown banks. Community bankers fears only steep and when the Federal Reserve bosss 1940 lawsuit to try to break up transamerica charging that transamerica had violated the clayton antitrust
1890s until the Obama Administration but what it means is that in times of war theres a certain relationship for the government turns to bankers to help finance and in times of peace the bakers acquire the president s help them think more widely and with fewer rules. Depending on when theres a financial crisis or global warlike situation the relationship changed but the dependency of one group on the other continued either about money or influence but it was prevalent in different ways to the different presidencies weve had throughout our history and history i cover specifically since Teddy Roosevelt administration through today. Host is there reason a pick that starting point . Yes. First of all it was only so much time i had in life to do couple of centuries versus one but what happened was as we there was a crisis or crash black to state 1929 and thats not what i start the book but when i research that crash a couple of the bankers that were was connected to the crash concerned incl
What do you mean . Well, what i mean changes over the decades because all the president s bankers cover from 1890 until the Obama Administration. But what it means is that in times of war, theres a certain relationship where the government turned to bankers to help finance it. In times of peace, the bankers require of the president s that they help them bank more widely and with fewer rules. So depending on whether there was a financial crisis or a global warlike situation, the relationship changed but the dependency, one group on the other, continued. It was either about money or it was about influence but it was pretty much prevalent in different ways through the different presidencies weve had throughout our history, but the history i cover specifically since Teddy Roosevelts administration through until today. Is there a reason you picked that starting point . Yes. First of all, there was only so much time i had in life basically to do a couple centuries versus one but really, what
Certain relationship where the government turned the bankers o finance it, in times of peace the bankers required of the president s that they help them bank more widely and with fewer rules. So depending on whether there was a financial crisis or global warlike situation, relationship changed but the dependency of one group on the other continued. It was either about money or influence by them is pretty much prevalent in different ways through different presidencies weve had throughout our history but the history i cover specifically since Teddy Roosevelt administration until today. Host is there a reason you picked that starting point . Guest yes. First of all it was only so much time i had an life basically to do a couple of centuries versus one but really what happened was as we know there was a crisis, a crash, black tuesday 1929. Not want to start the book but when i realized when i researched that crash was a couple of the bankers that were most connected to the crash and most c