Defenders of regulatory watchfulness will find much ammunition for argument in this readable history.
A history of the difficult work of wrestling Wall Street into regulatory compliance over the course of Franklin Roosevelt’s presidency.
It was among the greatest accomplishments of Roosevelt’s New Deal that agencies such as the Securities and Exchange Commission succeeded in “clearing out the vicious jungle that was the nation’s financial landscape in the 1920s and replacing it with a well-tended terrain where ordinary Americans could save and invest with confidence,” writes Henriques, a George Polk Award winner and the author of The Wizard of Lies and A First-Class Catastrophe. Before the SEC came along, Wall Street was an arena for insider trading and self-dealing, where private investors mostly worked at a large scale and smallholders in the financial arena were frequently victimized by those larger players. While serving as New York’s governor, Roosevelt made tentative steps to regulate the financial industry, and he rejected Robert Moses for the role of czar. It was Roosevelt’s lieutenant governor, a scion of the Lehman dynasty, who put Moses in the job, and Moses successfully articulated “the folly of trusting bankers to police themselves.” Even after the SEC was established, Henriques observes, the financial markets were occasionally roiled by downturns, though honest ones that largely reflected the business cycle rather than the vast Ponzi scheme that manifested itself in the meltdown of the first years of the Great Depression. Some of the practices that the SEC attempted to curb are back in full force, including short selling. Even if the Chicago School acolytes urge that the government has no business in the marketplace, the “rich man’s panics” of old are fewer than before, with a scaffolding of “safeguards against market rigging” in place—at least for the moment.
Defenders of regulatory watchfulness will find much ammunition for argument in this readable history.Pub Date: Sept. 12, 2023
ISBN: 9780593132647
Page Count: 464
Publisher: Random House
Review Posted Online: July 13, 2023
Kirkus Reviews Issue: Aug. 1, 2023
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.
Greed, depravity, and serial murder in 1920s Oklahoma.
During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorker staff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.Pub Date: April 18, 2017
ISBN: 978-0-385-53424-6
Page Count: 352
Publisher: Doubleday
Review Posted Online: Feb. 1, 2017
Kirkus Reviews Issue: Feb. 15, 2017
BOOK TO SCREEN
BOOK TO SCREEN
BOOK TO SCREEN
Questlove’s instincts as a superfan and artist take this history beyond the hype to something very special.
A memorable, masterful history of the first 50 years of an indelible American art form.
While historians often cast themselves as omniscient in their works, delivering facts and stories as important without acknowledging the impact of their own experiences on the narrative process, Questlove—drummer, DJ, music historian, and author of Mo’ Meta Blues, Creative Quest, and Music Is History—is forthcoming about the fact that he experienced music differently as he grew older. “I wasn’t sitting down for five hours listening to them over and over and over again, trying to unpack every nuance from every corner,” he writes, recalling his feelings decades into his relationship with the genre. “But I was—I am—a DJ, which meant that I had a professional interest in excavating the songs that worked.” The author’s observations spanning the entirety of hip-hop’s history are consistently illuminating—e.g., connecting its shift in five-year increments to the dominant drug of the period, from crack to sizzurp to opioids. However, it’s his personal connection to certain eras that make his latest book stand out. Questlove considers the late 1980s and early ’90s as the “golden age of hip-hop, when innovative MCs and innovative DJs seemed to spring up every few months, and classic albums regularly sprouted on the vine.” That era—filled with masterpieces from Public Enemy, De La Soul, and N.W.A.—is universally revered, but Questlove also recognizes that it coincides with the years between high school and when he officially became an artist—a time when he was immersed in finding inspiration and understanding the construction of hip-hop. While the author’s knowledge of hip-hop is as deep as any musicologist, it’s his passion for certain artists and songs that sets him apart.
Questlove’s instincts as a superfan and artist take this history beyond the hype to something very special.Pub Date: June 11, 2024
ISBN: 9780374614072
Page Count: 352
Publisher: AUWA/MCD
Review Posted Online: March 25, 2024
Kirkus Reviews Issue: May 1, 2024
PERSPECTIVES
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