From 1970 to 2003, over three trillion dollars$3,000,000,000,000were loaned to developing countries by the West. Yet the gap between rich and poor is worse than ever. What happened? Where did all that money go? A financial insider, Jim Henry looks unsparingly at the snarl of transactions, often legal but usually immoral, that resulted in the rich getting richer and the poor, poorer.
Like tentacles on a vast octopus, the firsthand investigations in The Blood Bankers all lead to one core. A financial detective of sorts, journalist Jim Henry analyzes a range of scandals, including the looting of the Philippines by the Marcos family, corrupt lending in South America, and the financing of Al Qaeda.