Where the Money Is

The Moneychangers By Arthur Hailey Doubleday, 436 pp., $10 The Bankers By Martin Mayer Weybright, 566 pp., $15 Banking is in the news. Perhaps not the sort of news that bankers enjoy— Franklin, Security National, and U.S. National, all billion dollar institutions, have bitten the dust in the past two years—but clearly a subject suitable for the front page. After all, even in an age of double-digit inflation the fall of a billion dollar institution does make some waves, particularly if there are rumors of shenanigans and swarthy foreigners involved.

And if the waves are high enough and the prospects of a continuing breeze favorable, it should come as no surprise that enterprising authors, and their publishers, sense a profitable voyage. So, onto the scene came Martin Mayer with a 566-page journalistic encyclopedia, The Bankers, and Arthur Hailey with yet another boilerplate business novel, The Moneychangers.

JB

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James Burnham

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The Moneychangers By Arthur Hailey Doubleday, 436 pp., $10 The Bankers By Martin Mayer Weybright, 566 pp., $15 Banking is in the news. Perhaps not the sort of news that bankers enjoy— Franklin, Security National, and U.S. National, all billion dollar institutions, have bitten the dust in the past two years—but clearly a subject suitable for the front page. After all, even in an age of double-digit inflation the fall of a billion dollar institution does make some waves, particularly if there are rumors of shenanigans and swarthy foreigners involved.

And if the waves are high enough and the prospects of a continuing breeze favorable, it should come as no surprise that enterprising authors, and their publishers, sense a profitable voyage. So, onto the scene came Martin Mayer with a 566-page journalistic encyclopedia, The Bankers, and Arthur Hailey with yet another boilerplate business novel, The Moneychangers.