Thursday, December 24, 2015

What Are You Reading?

America's Bank: The Epic Struggle to Create the Federal Reserve (October 20, 2015)
Roger Lowenstein
This tells the story of the fourth founding of the Bank of the United States, this time called the Federal Reserve System.  It tells how Sen. Nelson W. Aldrich (R-RI) organized a surreptitious meeting on Jekyl Island (Brunswick, GA) to launch the U.S. central bank after having studied counterparts in Europe and realizing how far behand the times the American economy remained.
America’s Bank by Roger Lowenstein October 2013 New York Times:
The Hush-Hush Founding of the Fed by Roger Lowenstein LA Times November 2, 2014

The End of Wall Street (March 29, 2011) Roger Lowenstein
A blow-by-blow account of the 2007-2008 collapse precipitated by the subprime lending market.
Panoramic Hindsight on Wall St. Disaster by Janet Maslin New York Times March 31, 2010

Origins of the Crash: The Great Bubble and Its Undoing (December 28, 2004) Roger Lowenstein
Story of the events leading up to the doc-com bubble and its bursting.

When Genius Failed: The Rise and Fall of Long-Term Capital Management (October 9, 2001)
Roger Lowenstein

Alexander Hamilton (March 29, 2005) Ron Chernow 
Story of the life of America’s financial founder, among many other institutions.

The Death of the Banker: The Decline and Fall of the Great Financial Dynasties and the Triumph of the Small Investor (Vintage: July 14, 1997) Ron Chernow 

Wall Street Under Oath: The Story of Our Modern Money Changers (Library of Money and Banking History) (A. M. Kelley reissue – 1973) Ferdinand Pecora
Personal memoir of Ferdinand Pecora, chief counsel of the U.S. Senate Banking and Currency Committee. His private retelling of the Senate investigation into the causes and cures of the Great Depression. The book sells for $500 on Amazon, $1,000 for a used copy.

The Pecora Report: The 1934 Report on the Practices of Stock Exchanges from the "Pecora Commission" (September 1, 2009)
Report of the U.S. Senate Committee on Banking and Currency. Available for $41.00 on Amazon.

The History of the Standard Oil Company by Ida Tarbell (1904) which appeared originally in McClure Magazine in a serialized version from 1902 through 1904.