Nomi Prins’ most recent book begins with the 1907 banking crisis and the double myth that it was ended by J. P. Morgan while the U.S. government stood helpless. She shows that it was a double myth in that the crisis was not ended – the underlying banking pathologies grew – and Morgan’s intervention would have failed even as a short-term measure but for Treasury’s largely funding “his” extensions of credit. She begins with the 1907 crisis both because it illustrates her central themes and because it is essential to understand how, when, and why the Federal Reserve System was created in 1913.
|By: William Black Saturday April 26, 2014 1:59 pm|
|By: Teddy Partridge Saturday July 16, 2011 1:59 pm|
Abby Dees isn’t afraid to talk about sex. Or frame questions for you about sex. She, unlike some of our political activists who ask that we downplay our sex, is willing to acknowledge — even celebrate — the role sex plays in sexual orientation. As she writes, “Duh.”