The Blood Bankers: Tales from the Global Underground Economy | 
 enlarge | Author: James S. Henry
Creator: Bill Bradley
Publisher: Basic Books
Category: Book
List Price: $21.50
Buy New: $8.60
You Save: $12.90 (60%)
New (21) Used (9) from $7.58
Rating:  11 reviews
Sales Rank: 63916
Media: Paperback
Pages: 464
Number Of Items: 1
Shipping Weight (lbs): 1.3
Dimensions (in): 8.7 x 5.6 x 1.2
ISBN: 1560257156
Dewey Decimal Number: 337
EAN: 9781560257158
ASIN: 1560257156
Publication Date: June 10, 2005
Availability: Usually ships in 1-2 business days
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Product Description
Like tentacles on a vast octopus, the firsthand investigations in The Blood Bankers all lead to one core. A financial detective of sorts, investigative journalist Jim Henry analyzes a range of scandals, including the looting of the Philippines by the Marcos family and the financial collapse of nations throughout the developing world. A rogues gallery of international criminals owes its existence to the dramatic growth of the underground global economy over the last two decades. Our world is being reshaped, often in sinister fashion, by wide open capital markets and an international banking network that exists to launder hundreds of billions of dollars in ill-gotten gains. Here is an inside look at globalization s dark side the new high growth global markets for influence-peddling, capital flight, money laundering, weapons, drugs, tax evasion, child labor, illegal immigration, and other forms of transnational crime.
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| Customer Reviews: Read 6 more reviews...
The Debt Crisis Exposed May 21, 2005
Hwok-Aun Lee (MA)
3 out of 3 found this review helpful
Blood Bankers collates vivid insider stories on the pillage of developing countries by international banks and the piracy of finance by corrupt leaders. The book accounts for the fact that, in spite of immense financial flows to the Third World, many countries have not witnessed the expected benefits, and indeed have been damaged by corruption and debt.
Development Economics To The Next Level May 21, 2005
Matt Clifford (MA)
6 out of 6 found this review helpful
"The Blood Bankers" is an important contribution to our understanding of global financial instability. Most often, liberalized (legitimate) capital markets, international trade, state power, and international regulatory institutions are cited as the causes of destabilization. However, J. Henry allows us to look behind these forces and bodies to see how the liberalization of the global economy has unleashed illicit and/ or immoral financial forces, often acting through otherwise legitimate enterprises. Thus, "The Blood Bankers" gives us another level of understanding and critique of the agents of globalization. Without understanding the underground players, it would be impossible to fully understand the instability of modern international markets.
The Dark Side of Global Private Banking May 21, 2005
Lynda Pickbourn (MA)
5 out of 5 found this review helpful
This book is an eye-opening account of the financial chicanery that lay behind countless poorly planned, badly executed, over-priced and economically unviable development projects that were undertaken in Africa, Asia and Latin America in the 1970s and 1980s. Henry exposes the role played by leading international financial institutions in fueling the growth of dubious forms of transnational economic activity and shows how their behavior has been tolerated and even encouraged by the IMF, the World Bank and the US Treasury. He also sheds light on the influence that international financial interests have had on political developments in the third world - from the overthrow of Allende's elected government in Chile and the funding provided to Nicaragua's Contra rebels, to the support of thieving dictators like Ferdinand Marcos, General Somoza and Carlos Salinas, just to mention a few.
Revealing Facts Exposing Truth May 21, 2005
Andy Hellman (SH, New York)
3 out of 3 found this review helpful
An Amazing read! I didn't know what I never knew! After reading this book twice, I realize that International Bankers of all varieties dominate the buisness world and are at fault for irresponsible lending to many 'developing' nations. A result of which is massive poverty and wealth inequality througout the world.
A timely and revealing look at the origins of the Iraq war are an excellent reminder of power of these wealthy few.
Everyone should buy this book.
Economic Journalist Explores The Third World May 17, 2005
Noah Enelow (Massachusetts)
6 out of 6 found this review helpful
Major U.S. banks have knowingly dealt with the corrupt elites of the world's developing countries.
They have harbored capital flight from wealthy investors who had lost confidence in their country.
They have extended loans to corrupt industrialists, who promptly skimmed the profits and, through their political connections, convinced the national governments to guarantee the loans, placing the burden on the backs of the poor.
They have lent money to violently repressive military dictators.
They have accepted bribes; they have offered bribes; they have turned a blind eye to untold human suffering.
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