The Chicago Banker

Download or read book The Chicago Banker written by and published by . This book was released on 1901 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Modern Money Mechanics written by Federal Reserve Bank Of Chicago and published by Lulu.com. This book was released on 2011-09-03 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reprint presents Modern Money Mechanics as it was originally published by the Federal Reserve Bank of Chicago in editions ranging from 1961-1992. The last revision, made in 1992, was most recently published in 1994. As a description of our money system since the time of the creation of the Federal Reserve, hard money advocates, political libertarians and others have found the content of this book damning and used it as part of a general critique of American fiat currency. This booklet has been cited by Gary North, Lew Rockwell, the U.S. and U.K. Libertarian parties and many others. It even features in YouTube videos. As a simplified model for fractional reserve banking, Modern Money Mechanics remains an excellent beginning, one that can be read in a single sitting and one that has the advantage of showing us the Federal Reserve presenting itself and its operations to a broad, mass readership.

Download or read book Bankers and Empire written by Peter James Hudson and published by University of Chicago Press. This book was released on 2017-04-27 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. A host of financial entities sought to control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism—but they also set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers’ racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks’ experimental practices and projects in the Caribbean often led to embarrassing failure, and, eventually, literal erasure from the archives.

Download or read book Bankers in the Ivory Tower written by Charlie Eaton and published by University of Chicago Press. This book was released on 2022-02-25 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Universities and the social circuitry of finance -- Our new financial oligarchy -- Bankers to the rescue : the political turn to student debt -- The top : how universities became hedge funds -- The bottom : a Wall Street takeover of for-profit colleges -- The middle : a hidden squeeze on public universities -- Reimagining (higher education) finance from below -- Methodological appendix : a comparative, qualitative, and quantitative study of elites.

Download or read book Better Bankers, Better Banks written by Claire A. Hill and published by University of Chicago Press. This book was released on 2015-10-19 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking financial risks is an essential part of what banks do, but there’s no clear sense of what constitutes responsible risk. Taking legal risks seems to have become part of what banks do as well. Since the financial crisis, Congress has passed copious amounts of legislation aimed at curbing banks’ risky behavior. Lawsuits against large banks have cost them billions. Yet bad behavior continues to plague the industry. Why isn’t there more change? In Better Bankers, Better Banks, Claire A. Hill and Richard W. Painter look back at the history of banking and show how the current culture of bad behavior—dramatized by the corrupt, cocaine-snorting bankers of The Wolf of Wall Street—came to be. In the early 1980s, banks went from partnerships whose partners had personal liability to corporations whose managers had no such liability and could take risks with other people’s money. A major reason bankers remain resistant to change, Hill and Painter argue, is that while banks have been faced with large fines, penalties, and legal fees—which have exceeded one hundred billion dollars since the onset of the crisis—the banks (which really means the banks’shareholders) have paid them, not the bankers themselves. The problem also extends well beyond the pursuit of profit to the issue of how success is defined within the banking industry, where highly paid bankers clamor for status and clients may regard as inevitable bankers who prioritize their own self-interest. While many solutions have been proposed, Hill and Painter show that a successful transformation of banker behavior must begin with the bankers themselves. Bankers must be personally liable from their own assets for some portion of the bank’s losses from excessive risk-taking and illegal behavior. This would instill a culture that discourages such behavior and in turn influence the sorts of behavior society celebrates or condemns. Despite many sensible proposals seeking to reign in excessive risk-taking, the continuing trajectory of scandals suggests that we’re far from ready to avert the next crisis. Better Bankers, Better Banks is a refreshing call for bankers to return to the idea that theirs is a noble profession.

Download or read book Alchemy of Bones written by Robert Loerzel and published by University of Illinois Press. This book was released on 2024-03-18 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: On May 1, 1897, Louise Luetgert disappeared. Although no body was found, Chicago police arrested her husband, Adolph, the owner of a large sausage factory, and charged him with murder. The eyes of the world were still on Chicago following the success of the World's Columbian Exposition, and the Luetgert case, with its missing victim, once-prosperous suspect, and all manner of gruesome theories regarding the disposal of the corpse, turned into one of the first media-fueled celebrity trials in American history. Newspapers fought one another for scoops, people across the country claimed to have seen the missing woman alive, and each new clue led to fresh rounds of speculation about the crime. Meanwhile, sausage sales plummeted nationwide as rumors circulated that Luetgert had destroyed his wife's body in one of his factory's meat grinders. Weaving in strange-but-true subplots involving hypnotists, palmreaders, English con artists, bullied witnesses, and insane-asylum bodysnatchers, Alchemy of Bones is more than just a true crime narrative; it is a grand, sprawling portrait of 1890s Chicago--and a nation--getting an early taste of the dark, chaotic twentieth century.

Download or read book Banker To The Poor written by Muhammad Yunus and published by PublicAffairs. This book was released on 2007-03-31 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did.