Guest i think there was a number of goals. In the first place was to excavate the International Origins of wall street, to excavate the International Origins of wall street into come to look at those origins in the west indies which i think was a kind of critical and for file testing ground for wall street internationalization. At the same time i was interested in trying to understand to some degree, is there a relationship between wall streets history and the International Field and some of its contemporary practices . Is a way that one can trace something of a genealogy through the 20 century from that. I look at which is of 18731933 up until the present. What with the terms of that genealogy and affect International Expansion . And in that i think a couple things emerged for me. When its a critical relationship that institutions come wall street institutions including whats now citigroup, jpmorgan chase, had to u. S. Imperialism in the 20 century, how the institutions really grapple
And misdirection and deception to avoid the sort of regulation and oversight that would have done much to avert the financial crisis of a few years ago. And it would keep the same thing from happening again in the future. So, on my left, though it is hard to be to my left too much [laughter] as someone of you who have read my columns may know is noami presence and her book came out tuesday. She is a former wall street executive who was written for many publications in the united states. And her book examines the relationships between banks and bankers on one hand and on National Government and going back to the sevecenturies and bringing it to present day. On my right is the coauthor and she talks about what is wrong with banking and what to do about it. And that is georgia parker, professor at stanfords graduate schools of business. And he is one of the most analyst of the Banking Sector we have. Her book shines a spotlight on how the banks avoided what could have been the most effect
To save money now, it might have seemed like 23491930s in the 1930s we were saving a lot of money on defense. It ended up costing the world a lot more. This is actually a moment where congress by itself cannot do the job. You really need president ial leadership to explain and justify to the country whats at stake. And i have to say theres not really i think franklin roosevelt, that is his finest moment is that he really did work on persuading the American People that they had to bear a burden to make sure the world came out a certain way. And i think thats the responsibility of the current president. I worry that theres a lot of war fatigue, but we are actually going to regret giving into it. Just final, final footnote, actually not so much in this current, i mean, the old today, but there was a similar one that came out in pew a couple months ago. I have a colleague here whos spending some time actually going through the pew data, and there is that headline which is, you know, wed ra
[inaudible conversations] okay, i guess we can start. Thank you all for coming. This is a great crowd and were all very happy to have you here as we talk about the financial crisis and financial history under the title gaming the system finance in america which is really what its all about. Before introduced myself and the panelists i just want to make a couple of quick announcements. First of all we ask you to silence your cell phones and we point out that personal recording of these sessions is prohibited. There will be a book signing for all the members of the so panel and myself right after the session. Im asked to type that if youre buying a book, you buy it upstairs in the lobby, and then the sign will be across the street. We will sign them after you buy them. Anyway, once again, welcome to all of you. We are privileged to have with us today three authors have taken three very different approaches to reporting and analyzing the financial crisis that began in 2008 and the many re