The Death of the Banker

The Death of the Banker

The Decline and Fall of the Great Financial Dynasties and the Triumph of the Small Investor

Book - 1997
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Publisher: New York : Vintage Books, 1997
Edition: 1st ed
ISBN: 9780375700378
Branch Call Number: 332.1097 Che
Characteristics: xiv, 130 p


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Apr 18, 2017

I admit to only skimming this book, in the past I have had many problems with Chernow's scholarship, to put it mildly. In this book his supposition is most odd: the Morgan family, under both that name and the married Schilling name, et cetera, appear to still be the major owners of Morgan Stanley, and some other such outfits. [In a Bloomberg article several years back, there was mention of the oldest non-profit in America, the ABS, or American Bureau of Shipping, which is used as a holding company for for-profit corporations, transferring millions every month to an offshore hedge fund - - said hedge fund {not mentioned in the article} being owned by Morgan Stanley!] The Rothschild family, up until the recent LIBOR scandals, own the bank where the LIBOR rates were decided upon [now it is ICE LIBOR] and they were the major force behind the adoption of the Euro - - anyone ever hear a Rockefeller say they were willing to die for their country? Thought not . . .
When Timothy Geithner left his post as secretary of the US Treasury Department, he joined Warburg Pincus [one of the first two private equity companies founded in America] - - Warburgs still seem wealthy?


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