The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance

How capital became abundant and bankers greedy.

There is a somewhat contradictory message in this excellent and by no means dated study of the three Morgan-affiliated banks JP Morgan, Morgan Stanley and Morgan Grenfell from their founding to the early 1990s, when the book was published

It is clear the author, Ron Chernow, was horrified by the brazen greed exhibited by the bankers in such legendary deals as the attempted LBO leveraged buy out of RJR Nabisco in 1988 and the London Guinness...

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