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
And misdirection and deception to avoid the sort of regulation and oversight that would have done much to avert the financial crisis of a few years ago. And it would keep the same thing from happening again in the future. So, on my left, though it is hard to be to my left too much [laughter] as someone of you who have read my columns may know is noami presence and her book came out tuesday. She is a former wall street executive who was written for many publications in the united states. And her book examines the relationships between banks and bankers on one hand and on National Government and going back to the sevecenturies and bringing it to present day. On my right is the coauthor and she talks about what is wrong with banking and what to do about it. And that is georgia parker, professor at stanfords graduate schools of business. And he is one of the most analyst of the Banking Sector we have. Her book shines a spotlight on how the banks avoided what could have been the most effect
Coming up next. Guest host larry doyle. All authorize of in bed with wall street. The guest this week, nomi prins, author of all the president s bankers exploring the multigenerational relationships in the financial and political worlds that are the basis of car and influence in the u. S. Of power and influence in the u. S. The program is about an hour. Welcome. Im pleased to have with me today a wall street insider, renowned journalist, author, and speaker, nomi prins. Having worked at Chase Manhattan Bank here,man brothers, bear stearns, and a managing director at Goldman Sachs, nomi prison s had a distinguished career on wall street and has only distinguished herself further by sharing heir her expertise via the written, spoken word. She had written a number of acclaimed works, including other peoples money, it takes a pillage, and black tuesday. She joins me today to discuss her most recent work all the president s bankers the hidden alliances that drive american powers. Nomi, welc
To save money now, it might have seemed like 23491930s in the 1930s we were saving a lot of money on defense. It ended up costing the world a lot more. This is actually a moment where congress by itself cannot do the job. You really need president ial leadership to explain and justify to the country whats at stake. And i have to say theres not really i think franklin roosevelt, that is his finest moment is that he really did work on persuading the American People that they had to bear a burden to make sure the world came out a certain way. And i think thats the responsibility of the current president. I worry that theres a lot of war fatigue, but we are actually going to regret giving into it. Just final, final footnote, actually not so much in this current, i mean, the old today, but there was a similar one that came out in pew a couple months ago. I have a colleague here whos spending some time actually going through the pew data, and there is that headline which is, you know, wed ra
In bed with wall street. This week nomi rins, all the president s bankers. And at the former wall street executives explicit multigenerational relationships to the political worlds that are the basis of power and influence in the u. S. The program is about an hour. Host welcome. I am pleased to have a wall street insider and renowned journalist, author and speaker, nomi prins at chase manhattan bank, lehman brothers, bear stearns, director of Goldman Sachs with a distinguished career on wall street has only distinguished herself further by sharing her expertise by the written and spoken words. Widely sought after by the outlets shes written a number of acclaimed works including other peoples money it takes a pillage and black tuesday. She joins me to discuss the most recent work all of the president s bankers they had their alliances that drives american power. Welcome and congratulations on such a study of this book as we take a look into washington, wall street and the families that