The Real Vice-President of the United States Is Wall Street

April 3, 2014 | | Truthout |

Prins' book uses short passages to weave together in understandable terms a longterm relationship between economic and political power that has remained unchallenged. Yes, there were occasional periods when Wall Street did not receive everything that it wanted from the White House (such as in the New Deal). However, adding up the ledger of government policy toward Wall Street results in a decisive victory for the financial titans.

Robert Reich writes of "All the Presidents' Bankers,"The relationship between Washington and Wall Street isn't really a revolving door. It's a merry-go-round. And, as Prins shows, the merriest of all are the bankers and financiers that get rich off the relationship, using their public offices and access to build private wealth and power."

The following is an excerpt from "All the Presidents' Bankers" that focuses on how the financial industry barons are not legally held accountable by the federal government.