Banker-Presidential Relations: How They've Changed Over Time
April 10, 2014 12:00 PM
Ties between presidents and top bankers have loosened over time as armies of handlers have intervened. The result is a system in which the bankers' sense of civic duty has weakened, even as the concentration of assets in their hands has come to pose mounting systemic risk. That's according to Nomi Prins, author of All the Presidents' Bankers.