📖 Overview
Power on Earth traces the life of Michele Sindona, an Italian banker who rose from poverty to become one of the most influential financial figures of the 20th century. The book follows his ascent through the banking world and his complex relationships with major institutions including the Vatican Bank and Franklin National Bank.
Nick Tosches conducted extensive research and interviews with Sindona while he was in prison, creating a detailed portrait of the banker's business dealings and alleged connections to organized crime. The narrative covers international financial scandals, political intrigue, and criminal investigations that spanned multiple continents.
Based on firsthand accounts and documentary evidence, the book chronicles the events leading to Sindona's downfall, including the collapse of his banking empire and his subsequent legal troubles. The story includes his relationships with powerful figures in finance, politics, and the Catholic Church.
The book examines themes of power, corruption, and the intersection of legitimate business with criminal enterprise in the modern banking system. Through Sindona's story, it reveals the complex networks that connected international finance to political and religious institutions in the latter half of the 20th century.
👀 Reviews
Readers describe this biography of financier Michele Sindona as dense but gripping, with unprecedented access to the subject through detailed interviews. The book documents Sindona's rise and fall through international banking scandals.
Readers appreciated:
- Raw access to Sindona's perspective through direct conversations
- Detailed research into complex financial dealings
- Dark humor throughout the narrative
- Tosches' noir-influenced writing style
Common criticisms:
- Complex financial terminology that can be hard to follow
- Meandering structure that jumps between time periods
- Some readers found Tosches too sympathetic to Sindona
Ratings:
Goodreads: 3.9/5 (48 ratings)
Amazon: 4.3/5 (11 ratings)
"Reads like a financial thriller but it's all true" - Goodreads reviewer
"Important but challenging book that requires patience" - Amazon reviewer
"The access to Sindona makes this essential reading on 1970s banking scandals" - LibraryThing review
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All the President's Bankers by Nomi Prins Traces the relationships between American presidents and powerful bankers throughout the 20th century, demonstrating how financial and political power became intertwined.
The Vatican Connection by Richard Hammer Documents the investigation of a billion-dollar counterfeit securities scandal linking Vatican finances to organized crime networks in the 1970s.
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Hot Money by R.T. Naylor Examines the mechanisms of international money laundering and the banking systems that enable the movement of illegal funds across borders.
🤔 Interesting facts
📚 Michele Sindona was found dead in his prison cell in 1986, having ingested cyanide-laced coffee while serving a life sentence for ordering a murder.
🏦 The Vatican lost an estimated $240 million through its dealings with Sindona's banking empire, leading to one of the greatest financial scandals in the Catholic Church's history.
✍️ Author Nick Tosches was known for his unique writing style that blended journalism with literary flair, earning him praise as one of the "dark princes of American journalism."
🌍 Sindona's financial network spanned three continents and included over 450 banks and companies at its peak in the early 1970s.
💼 Before his downfall, Sindona was nicknamed "The Shark" and was even named "Man of the Year" in 1974 by the U.S. Ambassador to Italy for his financial expertise and contributions to Italian-American relations.