Squeezing Silver takes the reader inside the courtroom of a headline-grabbing trial. In 1988, a jury awarded Minpeco S.A. $197 million from Texas oil billionaire Nelson Bunker Hunt and Saudi royalty for conspiring to squeeze silver prices. When silver prices spiked from $9 to $51, Bunker and his cohorts pocketed billions while thousands were cheated. Regulators conflicted by their dealings with Bunker failed to stop his "broad daylight conspiracy." When silver prices crashed, the Hunt defaults threatened the US economy with collapse, saved only by a controversial too-big-to-fail bailout. The book tells how it happen with never-before reported details.
“A fascinating view inside what was perhaps our first modern financial meltdown. Mark Cymrot’s meticulous account reads like a legal thriller – complete with larger than life characters, secret liaisons, and all the machinations we have come to expect from powerful defendants. In the end, there was justice, of a particular yet meaningful American sort. Could this still happen today?” Simon H. Johnson, Chief Economist, International Monetary Fund (2007-08), Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management, and senior fellow at the Peterson Institute of International Economics.
"In Squeezing Silver, Mark Cymrot depicts his intense confrontation as a young lawyer with three legal titans in the midst of a historic trial. Having known these four fine lawyers, I know Mark’s descriptions are realistic and perceptive. The story is exciting, and Mark’s insights about a remarkable courtroom battle are uniquely revealing." Michael D. Hess, Corporation Counsel of the City of New York (1998-2001), founding partner of Giuliani Partners LLC, and an experienced trial lawyer.
“Whenever I look back on my career, I realize how fortunate I was to work under the leadership of Mark Cymrot in the landmark silver lawsuit. In Squeezing Silver, Mark shows you why.” Pedro R. Pierluisi, Member of Congress (PR, 2009-16) and Attorney General of Puerto Rico (1993-96).
"Squeezing Silver is a major reference for those who want to bring about justice through the courts. This captivating book explains Mark’s outstanding legal work for Minpeco. In our later work together, we recovered millions of dollars for Peru due to his extraordinary skills as a litigator." Jose Ugaz, Chairman, Transparency International (2014-16), Ad-Hoc Prosecutor of Peruvian President Alberto Fujimori (2002-02), and partner in Benites, Vargas & Ugaz in Lima.