Squeezing Silver Peru’s Trial Against Nelson Bunker Hunt
Squeezing Silver: Peru’s Trial Against Nelson Bunker Hunt by Mark A. Cymrot, published by Twelve Tables Press in 2018, is a detailed exploration of a significant legal case that unfolded during a tumultuous period in U.S. economic history. This edition spans 453 pages and is presented in English. The book delves into the actions of Nelson Bunker Hunt and his associates, who manipulated silver prices dramatically between 1979 and 1980, leading to severe financial repercussions that threatened the stability of the U.S. economy.
Readers will find a thorough examination of the courtroom dynamics surrounding this pivotal trial, which not only highlights the legal strategies employed but also the broader implications of the Hunt family’s financial defaults. The narrative provides insights into the intersection of law, business, and financial practices, as well as the historical context of the events that transpired. Squeezing Silver offers a unique perspective on trial practice and legal history, making it a significant addition for those interested in the complexities of economic crises and their legal ramifications.
Official synopsis Publisher
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.
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