Faithin Omaha eBook Collection

Download or read book Squeezing Silver: The Trial of Nelson Bunker Hunt written by Mark A. Cymrot and published by Twelve Tables Press. This book was released on 2018-02 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Famed Nelson Bunker Hunt, Mahmoud Fustok - brother in law to Crown Prince (later King) Abdullah of Saudi Arabia - and with others manipulated silver prices from $9 to $51 in four months in 1979-80 while meeting at thoroughbred horse events, five-star hotels and posh restaurants. When prices crashed three months later, and the Hunt family defaulted on debts, their defaults threatened the US economy with collapse. Paul Volcker, Chairman of the Federal Reserve Board, engineered a highly controversial bail out of Bunker Hunt to save the US economy. Squeezing Silver is a legal thriller that takes the reader inside the courtroom of one of the most important trials of recent decades, which chronicled the near collapse of the US economy.