by Prins, Nomi
Pound, devaluation of, 367
Prado, Manuel, 222
Preston, Lewis, 312, 344, 351, 362
Prime rates, floating, 286
Prince, Charles, 405, 406
Pritzker, Penny, 412
Progressive “Bull Moose” party, 30
Progressive Era, 2, 68
Prosser, Seward, 97
Puche, Jaime Serra, 372
Pujo, Arsène, 27
Pujo Committee, 13, 30, 32, 33
hearings, 27, 49, 119, 127, 418
Quantitative easing, 85, 101, 420
Rabinowitz, Yehoshua, 292
Railroads, regulation of during World War I, 42–43, 52
Raines, Franklin, 303
Rajai, Mohammad-Ali, 316
Reagan, Nancy, 324
Reagan, Ronald
1987 market crash, investigation of, 346
Argentina, loan guarantee for, 332
bankers, relationship with, 323–324, 326
campaign promises, 321
deregulation policy, 320, 321, 337–338
economic recovery program, 325–326
election of 1980, 315
Greenspan, appointment of, 344–345
mergers, policy regarding, 330
reelection in 1984, 338
tax policies, 324, 326
third world debt crisis, solutions for, 332–333, 338–339
Real Estate Investment Trusts (REITs), 297–298
Recarey, Miguel Jr., 352
Reciprocal Tariff Act of 1934, 169
Reciprocal Trade Agreements Act of 1943, 169
Reconstruction Finance Corporation, 114
Reed, John, 270, 303, 336, 343–344, 350, 351–352, 381, 384, 389, 390
Reed, Joseph, 289, 307, 309
Regan, Donald, 283–284, 321–323, 326, 333, 334, 335, 338, 402
Regulation Q, 133, 136, 233, 306, 314
Reich, Robert, 391
Reichsbank, 79, 92
Rentschler, Frederick, 160
Rentschler, Gordon, 160, 168, 181
Resolution Funding Corporation, 254, 354
Resolution Trust Corporation, 359
Revenue Act of 1932, 145
Revenue Act of 1935, 145–146
Revenue Act of 1942, 146, 165
Revenue Act of 1943, 169
Revenue Act of 1944, 146, 169
Revenue Acts of 1924, 1926, 1928, 82
Revenue Acts of 1950 and 1951, 200
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, 371, 383
Robb, Charles, 363
Roberts, Owen, 149
Roberts, Paul Craig, 320, 355
Rockefeller, David
Alliance for Progress, use of, 250
appointments to public office, offers of, 210, 284, 308
on business-government synergies, 245
as co-CEO of Chase Bank, 232
global expansion, 201, 237, 256–257, 273, 287, 288–289, 291–292
International Advisory Committee, creation of, 272
as international power broker, 238
Kennedy, relationship with, 231–232
retirement from Chase, 327
Rockefeller-Kennedy letters in Life magazine, 240–241
Rostow’s theories, belief in, 237, 238
salary in 1968, 272
Shah of Iran, relationship with, 304–305, 307–310
start of Chase career, 193–194
Time magazine article about, 242
Trilateral Commission, creation of, 275
Rockefeller, Happy, 307
Rockefeller, James Stillman, 3, 223
Rockefeller, John D., 2, 3
Rockefeller, Margaret “Peggy,” 288, 295
Rockefeller, Margaretta “Happy,” 307
Rockefeller, Nelson, 186, 188, 190, 249, 280, 292
Rockefeller, Neva, 256–257
Rockefeller, Percy, 84
Rockefeller, William, 3, 27
Rockefeller, William Goodsell, 3
Rogers, William P., 322
Roosevelt, Eleanor, 121
Roosevelt, Franklin Delano
Aldrich, alliance with, 123–125
assassination attempt on, 118
bankers, alliance with, 126
banking reforms, 122–123, 133, 136–137
death of, 173
election of 1920, 67
election of 1932, 117
FDIC, concern about, 130
fireside chat about banking, 126
Glass-Steagall Act and, 122–125
New Deal, 132–133, 145–146
Perkins, secret meeting with, 122–123
reelection in 1936, 149
reelection in 1940, 161
reelection in 1944, 173
Weinberg, alliance with, 117–118
Yalta Conference, 173
Roosevelt, James, 121
Roosevelt, Theodore, 5–6, 7, 8, 12, 31, 46
Root, Elihu, 59, 63
Rose, H. Chapman, 205
Rosen, Sarah, 382, 384
Rostow, Walt “W. W.,” 236, 238, 264
Rousselot, John, 340–341
Royall, Kenneth, 189
Rubin, Robert
Citigroup, acting chairman of, 406
conflict of interest, accusation of, 390
deregulation, pursuit of, 375, 387, 388
Enron, deal involving, 398
Goldman Sachs, co-chairman of, 369
mergers, investigation of, 383
Mexican bailout, 374, 380
National Economic Council, chairman of, 369
Obama, support for, 411–412
as Treasury Secretary, 373–374, 380, 383, 387, 388, 389
Rusk, Dean, 231, 235, 257
Russian crisis, 386
Sadat, Anwar, 221, 289
Saez, Emmanuel, 391
Salomon Brothers, 331, 379
Sampson, Anthony, 218, 228
Sarbanes-Oxley Act of 2002, 400
Saudi Arabia, 244, 291
Saunders, Stuart T., 259, 264, 278
Savings and loan associations (S&Ls), 314, 321, 333–335, 336, 340–341, 347, 359
See also Thrifts
Schaefer, Alfred, 271
Schiff, Jacob, 3, 20, 27, 28
Schreyer, William, 366
Schultze, Charles, 303, 306
Schumer, Charles “Chuck,” 365, 385
Scott, John, 102
SEATO (Southeast Asia Treaty Organization), 1954, 257
Securities and Exchange Commission (SEC), 139, 141, 240, 348, 363, 396, 418–419, 420
Securities Exchange Act of 1934, 136–138
Sedgwick, Ellery, 54
Senate Foreign Relations Committee, 256
Seventeenth Amendment (1913), 34
Shadow banking, 234
Shaw, Leo, 222
Shelton, Arthur, 23
Sheperd, Howard, 222–223
Sherman Antitrust Act of 1890, 6, 263
Shipley, Walter, 365
Short-term profit-seeking, 18
Shultz, George, 284, 286, 294, 326, 329
Silverado Banking, Savings and Loan Association, 352
Simon, William, 291, 294, 322
Sinclair, Upton, 7
Sixteenth Amendment (1913), 34
Skidmore, Owings and Merrill, 233
Smith Barney, 379
Smithsonian Agreements (1971), 285–286
Snyder, John, 175, 182, 184, 191, 192
Social Security Act of 1935, 145
Social Security Administration, 132
Solomon, Anthony, 331, 335
Soros, George, 367, 386
Soviet Union, 194–195, 233, 235–236, 242–243, 256–257, 287, 313
Special Committee on Investigation of the Munitions Industry, 147
Special Coordination Committee (SCC), 312, 313
Sperling, Gene, 382, 383, 384
Spitzer, Eliot, 401
Sproul, Allan, 163
Stabler, Charles, 336
Stagflation, 290
Stalin, Joseph, 173
Standard Brands, 129
Standard Oil Company, 2, 3, 6–7, 75
Stanley, Harold, 144–145, 187
Steagall, Henry, 116
Steel, Robert, 404
Sterling, John, 53
Stillman, Elsie, 3
Stillman, James, 3, 5, 10, 21, 27, 44, 53
Stimson, Henry, 88, 176
Stock market crash of 1929, 85–87, 96–100
Stock options, 363
Strauss, Albert, 58
Strong, Benjamin, 11, 23, 25, 27, 37
Subprime loans, 402, 403, 404, 420
Suez Canal, Egypt, 218
Summers, Lawrence “Larry,” 352, 373, 383, 387, 389, 390, 413
Supreme Court, rulings of, 127, 149
Sutherland, Peter, 386
Swift and Company, 141
Syndicated loans, 247–248, 278, 293, 304, 311, 331
Syria, 221, 224
Taft, William Howard, 18, 19, 25–26, 28, 31, 33
Tarbell, Ida, 7
TARP (Troubled Asset Relief Program), 411, 414
Teapot Dome scandal, 74
Telecom Act of 1996, 375
Tennessee Coal and Iron Company, 12
Thain, John, 406, 409
Third world
debt crisis, 332–333, 338–339, 349–350, 356
exploitation of, 211–212, 226–227, 265, 276, 293, 327
Thomas, E. R., 8
Thrifts, 323, 334, 335–336, 341, 352, 355–356
See also Savings and Loans (S&Ls)
Title II (of Banking Act of 1935), 142
Title III (of Banking Act of 1935), 142–143
Tonkin Resolution (1964), 257
Tourre, Fabrice, 418
Townsend, John, 142
Trade Expansion Act of 1962, 241, 256
Travelers, 381, 384
Trilateral Commission, 275
Troubled Asset Relief Program (TARP), 411, 414
Truman, Bess, 262
Truman, Harry S.
background, 173–174
defense contracts, financing of, 201–202
Four Points Plan, 190
Japan, invasion of, 176–177
Korean War, funding for, 200
Medicare card for, 262
relationship with Aldrich, 174, 179, 181
Truman Doctrine, 183
Trump, Donald, 360
Trust Company of America, 9–12
Trustbusting, 5–6
Truth in Securities Act of 1933, 132
Tumulty, Joseph Patrick, 38
Turner, Donald, 263
Union Pacific, 3
Union Steel Company, 74
Unitas, 171
United Corporation, 129
United Nations, 190
United States, post-World War II dominance of, 177
Untermyer, Samuel, 27–28, 31
US Arms Control and Disarmament Agency, 235
US Steel, 2, 12, 238
U.S.S.R. See Soviet Union
Valenti, Jack, 265
Van Sweringen brothers, 88, 89, 129
Vance, Cyrus, 272, 302, 304, 308, 309–310, 315
Vanderlip, Frank, 10, 14–15, 23–25, 29–32, 44, 53, 54, 61–62
Venezuela, 293, 354–355
Versailles, Treaty of (1919), 58, 62, 64, 66, 68, 77
Victory Bond Drive, 166, 168, 169
Vietnam War, 255, 257–260, 265–268, 270
Volcker, Paul, 328, 330, 333, 338, 343
Al-Waleed bin Talal, Prince, 292
Walker, George Herbert, 401, 402
Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), 415–416
Wall Street Seventeen, 190
War bonds, 159–160, 163, 166, 168, 169
Warburg, Paul Felix, 20, 23, 27, 39, 45, 203
Warner, Douglas, 396
Warner, Rawleigh Jr., 295
Warren Commission, 255
Watergate, 289
Watson, Jack, 303
Weatherstone, Dennis, 342
Weill, Sanford “Sandy,” 294, 352, 368, 379, 381, 384, 389, 399
Weinberg, Sidney, 117–118, 202–203, 204, 206, 220, 252, 258–259, 261, 268
Weiner, Alan, 176
Wellstone, Paul, 390
Wertenbaker, Charles, 185
Wexler, Anne, 306
White, Harry Dexter, 165, 170–171, 175, 189
White, Henry, 58
White House Economic Council, 382
Whitehead, John, 322, 329
Whitman, Ann, 220
Whitney, George, 89, 99, 144, 147, 187, 206–207, 217
Whitney, John Hay, 258
Whitney, Richard, 99, 136–137, 140
Wiggin, Albert “Al,” 82, 91–92, 97, 102, 103, 109–114, 122, 123, 125, 130
Wiggin Committee, 111
William, John, 279
Williams, John H., 170
Willis, H. Parker, 31
Wilson, John, 163–164
Wilson, Woodrow
Aldrich plan, view of, 28
attempts to force peace negotiations, 47
election of 1912, 30–31
election of 1916, 46
election of 1920, 67
failing health of, 65, 67
Federal Reserve Act of 1913, signing, 36–37
Fourteen Points address, 52
Germany, pre-war relationship with, 45
global popularity of, 54
as governor of New Jersey, 27
Jack Morgan, alliance with, 40–43, 48
at Paris Peace Conference, 57–61
on Payne-Aldrich Tariff Act, 30
on role of government in shaping economy, 14
support of by Evening Post, 54–55
Vanderlip, relationship with, 14–15, 29–32
war financing vs. neutrality, 41–42
Wirth, Timothy, 363
Wolfe, Tom, 93
Woodin, William, 122, 129
Woodward, Bob, 337, 344
Working Group on Financial Institutions Reform, 334
Works Progress Administration, 132
World Bank, 165, 171, 187–188, 214, 218, 294, 326–327, 331–332, 349, 351, 362
World Trade Center, 9/11 attacks on, 397
World War Foreign Debt Commission, 77
World War I
debt repayment, 75–77
entry of US into the war, 48
financing, war-related, 43–44, 47, 49
Liberty bonds, 49
outbreak of, 40–41
postwar economic crises, 64, 66
railroads, regulation of, 42–43, 52
war reparations, 58–60, 63, 79–81, 109
World War II
Axis powers, creation of, 154
beginning of, 148, 152–153
inflation during, 165–166, 169
merchant ships, arming of, 164
multinational finance entities, creation of, 170–172
Munich Agreement, 153
one-world reconstruction and development, plans for, 165
Pearl Harbor, bombing of, 164
US declaration of war on Japan, Germany, and Italy, 164–165
Victory Bond Drive, 166, 168, 169
war bonds, 159–160, 163, 166, 169
WorldCom, 399
Wriston, Henry, 194, 246
Wriston, Walter
banking strategies, 293–294, 302–303
deregulation, fight for, 246, 248, 277, 306
Economic Policy Advisory Board, 325, 329
expansion, proposals for, 280
global influence of, 286–287
Kennedy task force, 246–247
Labor Management Committee, 295
public office, offers of appointments to, 284, 294
rate setting, allegations of, 285
retirement from Citibank, 336
Rockefeller, rivalry with, 276
salary in 1968, 272
start of
career at National City Bank, 194, 302–303
war surtax bill, support for, 268
Yalta Conference, 173
Yellen, Janet, 423
Yom Kippur War, 289–290
Young, Milton, 213, 216
Young, Owen, 109
Young, Roy, 110, 111
Young plan, 109
Zahedi, Ardeshir, 308
Zangara, Giuseppe, 118
Zedillo, Ernesto, 373–375
Zhou Enlai, 288
Zorin, Valerian, 235–236
Zweig, Phillip, 286
Matthew Dean Photography
NOMI PRINS is a journalist, speaker, respected TV and radio commentator, and former Wall Street executive. Author of five other books, including Other People’s Money and It Takes a Pillage, her writing has also been featured in the New York Times, Fortune, Mother Jones, the Guardian, the Nation, and other publications. She is a senior fellow at Demos.
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