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In 1959, twenty-nine-year-old Berry Gordy, who had already given up
on his dream to be a champion boxer, borrowed eight hundred dollars
from his family and started a record company. A run-down bungalow
sandwiched between a funeral home and a beauty shop in a poor
Detroit neighborhood served as his headquarters. The building's
entrance was adorned with a large sign that improbably boasted
"Hitsville U.S.A." The kitchen served as the control room, the
garage became the two-track studio, the living room was reserved
for bookkeeping, and sales were handled in the dining room. Soon
word spread that any youngster with a streak of talent should visit
the only record label that Detroit had seen in years. The company's
name was Motown. "From the Hardcover edition."
From a master chronicler of legal and financial misconduct, a magnificent investigation nine years in the making, this book traces the political intrigue and inner workings of the Catholic Church. Decidedly not about faith, belief in God, or religious doctrine, this book is about the church's accumulation of wealth and its byzantine entanglements with financial markets across the world. Told through 200 years of prelates, bishops, cardinals, and the Popes who oversee it all, Gerald Posner uncovers an eyebrow-raising account of money and power in perhaps the most influential organization in the history of the world. God's Bankershas it all: a rare expose and an astounding saga marked by poisoned business titans, murdered prosecutors, mysterious deaths of private investigators, and questionable suicides; a carnival of characters from Popes and cardinals, financiers and mobsters, kings and prime ministers; and a set of moral and political circumstances that clarify not only the church's aims and ambitions, but reflect the larger dilemmas of the world's more recent history. And Posner even looks to the future to surmise if Pope Frances can succeed where all his predecessors failed: to overcome the resistance to change in the Vatican's Machiavellian inner court and to rein in the excesses of its seemingly uncontrollable financial quagmire. Part thriller, part financial tell-all, this book shows with extraordinary precision how the Vatican has evolved from a foundation of faith to a corporation of extreme wealth and power.
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