The longstanding relationship between Wall Street and the White House has often been described as a “revolving door,” with both camps benefiting from the connection. All the Presidents’ Bankers: The Hidden Alliances that Drive American Power offers an inside look at the political and economic web spun between these two giants. Journalist Nomi Prins traces the history of this partnership, from the creation of the Federal Reserve in 1907 to bankers’ influence on politics after the financial crisis of 2008. A former Wall Street executive, Prins unravels the Ivy League schools, fishing trips, marriages, and job offers that thicken these ties each year. By recycling power and keeping it “in the family,” Wall Street and the White House have become mutually beneficial entities, working together to shape national — and international — politics. According to Prins, these ties have had devastating consequences and the time has come to break them before it’s too late.
Presented by: Town Hall in partnership with Third Place Books, as part of the Civics series. Series supported by The Boeing Company, the RealNetworks Foundation, and the True-Brown Foundation. Series media sponsorship provided by The Stranger and KUOW.
Learn more: About the author.