All the Presidents Bankers

The far left, wild conspiracy crowd, Occupy Wall Street folks (the three of them remaining), and those who find Elizabeth Warren intelligent all should have a new best friend in Nomi Prins, whose new book, All the President's Bankers, has put ink to page on the strangest narrative of the 20th century one will find anywhere: That rather than being a remarkable century of technological advances, growth of market capitalism, improvement in quality of human life, and expansion of overall wealth, the … [Read more...]

Double Down a Fascinating Inside Look at an Embarrassing Election

I was hesitant to take on the 475-page behemoth from Halperin and Heilemann when it arrived. I had pretty much left the misery of the 2012 campaign (and subsequent election results) in the past, and the degree of backlog I am suffering from right now in my reading list was not motivating me to take on this work (the book right before this was Geithner's 550-page Stress Test and the one right after this is Prin's 425-page All the President's Bankers, which I should finish today). But I took on … [Read more...]

Geithner’s Stress Test Does Nothing to Relieve My Stress

I have been looking forward to reading the memoirs of Secretary Geithner ever since he left office. I am not a fan of the Secretary's, but the core of my dislike for his work as Treasury Secretary is very different than the most oft-cited reasons for folks' disdain. He is an intelligent guy, and no doubt was driven throughout 2007 and 2008 (thinking back to his time at the NY Fed) by an intense desire to right the ship of what was America's economic catastrophe. I hoped his book would provide … [Read more...]

The Buy Side Reviewed

I will let you in a little secret (though I think I admitted this in my review of Wolf of Wall Street already ... I will read any book and see any movie that comes out regarding life on Wall Street. I can know ahead of time that it is going to be cartoonishly stupid, and they often are, and I will still read or see it. Some are quite serious in nature (see my lengthy list of reviews covering the financial crisis of 2008), and some are entertainment-driven (the Wolf of Wall Street is a case in … [Read more...]

The Wolf of Wall Street Reviewed

I read Jordan Belfort's book the first week that it came out five or so years ago. I knew immediately that the talk of it turning into a movie would happen, for the book itself read like it was written to be put on the screen. Here was a guy convicted in one of the largest white collar crime cases in history, and a 300-page book barely made mention of what he did for a living (legally or illegally). The book read from cover to cover about the crazy shenanigans they did when they WEREN'T … [Read more...]