The Real Vice-President of the United States Is Wall Street

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The Real Vice-President of the United States Is Wall Street

The Real Vice-President of the United States Is Wall Street

Truth-Out

In “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power,” Wall Street journalist (and former Goldman Sachs executive) Nomi Prins writes a painstakingly researched history of the financial industry’s collusion with the White House to create a self-serving United States financial policy. Get the book directly from Truthout by clicking here.

Prins’ book uses short passages to weave together in understandable terms a longterm relationship between economic and political power that has remained unchallenged. Yes, there were occasional periods when Wall Street did not receive everything that it wanted from the White House (such as in the New Deal). However, adding up the ledger of government policy toward Wall Street results in a decisive victory for the financial titans.

Robert Reich writes of “All the Presidents’ Bankers,”The relationship between Washington and Wall Street isn’t really a revolving door. It’s a merry-go-round. And, as Prins shows, the merriest of all are the bankers and financiers that get rich off the relationship, using their public offices and access to build private wealth and power.”

[TRUTH-OUT]

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2 Responses to “The Real Vice-President of the United States Is Wall Street”

  1. Hmmm wonder why it is not called ” ALL THE BANKERS PRESIDENTS”?

  2. Charles Reed says:

    This questions the lack of action of the SEC as all these Mortgage Back Securities are first created out of crime and are liquidated by crime to payoff the investors who are the current owners of the securities, but not the loans.

    What has occurred here is that it the SEC get involved there are more crook in the scheme that monies are needed to be clawed back.

    You cannot have illegal foreclosures and insurance claim that both the FHA & VA are buying the properties and paying the claims, that go straight into the pockets of the “investors”! The “investors” cannot keep the illegal proceeds because they were the owners of the MBS and the funds are illegally obtain.

    I already submitted the fact of this scheme to the SEC so why have they not taken action in over 2yrs?

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