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Nomi Prins on Bailouts, Bonuses and Backroom Deals

Tuesday, September 29, 2009

Former investment banker Nomi Prins, senior fellow at Demos, discusses her new book It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street and how she sees the powerful colluding at the expense of average Americans.

Events
9/29 The Strand Bookstore: Talk & Signing 7PM
10/1 DEMOS event with Daniel Gross and Matt Taibbi 7PM, registration required


Comments

  • [1] hjs from 11211 September 29, 2009 - 10:37AM

    goldman has a long history of manipulating the people's government, since the 1930's


  • [2] Chicago Listener September 29, 2009 - 10:37AM

    is the economy rebounding? from where i sit, it is stabilizing. many people, friends of mine, lost their jobs in the past couple of years. but most have found other work...either in the same industry or they have transitioned into other fields. a handful of friends are still casting about, but in many of those cases they are not being very creative about what they can or should do. they want the same job they had, and in most cases those jobs are gone.

    that is not to diminish the suffering they all have endured, but it is too much to talk about a depression. most of my friends were in two-income homes and so they have had to re-think their lifestyles...lots of new house-husbands out there right now.


  • [3] MARTIN CHUZZLEWIT from MANHATAN September 29, 2009 - 10:37AM

    "High ptriestess of Wall Street to muckraker"

    Blah, blah, blah.

    Another self-righteous opportunist who is still making money from her (short) Goldman gig.

    Sounds a little embellished to me.


  • [4] Chicago Listener September 29, 2009 - 10:41AM

    ...also, btw, tell her not to talk so fast. it's a little annoying.


  • [5] hjs from 11211 September 29, 2009 - 10:44AM

    on goldman

    http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

    MARTIN, yes, these voices are a dime a dozen now. where were they 5 years ago?


  • [6] Aaron from Harlem September 29, 2009 - 10:46AM

    This woman is retreading material. Nothing is new in what she is saying. She wants to sell books. She left Goldman in 2002. The Collapse took place in 2008...


  • [7] hello, lojack? September 29, 2009 - 10:46AM

    if sec gets some teeth and starts cracking down on goldman etc won't this create a massive street crime problem by putting all the criminals back on the streets?


  • [8] Rick from Connecticut coast September 29, 2009 - 10:46AM

    If what Nomi says is true, I am going to an antique store to buy a calender from 1875, because that is where we have regressed. Who in our public life will be the next Sherman (as in Sherman anti-trust)


  • [9] dfaf September 29, 2009 - 10:49AM

    7/aaron -- disagree w you on that -- i left a similar organization that year and my resulting understanding of the system then has made me the skeptical investor i am today -- and a mint.


  • [10] Karen OT10 from Westchester Cnty September 29, 2009 - 10:52AM

    The U.S. government leadership suffers from too much information, too little knowledge, a real knowledge/wisdom vaccum.


  • [11] furrblossom September 29, 2009 - 10:54AM

    so so so happy you had her on. My own experience in an I Bank (at a much lower level) leads me to think she's got it right.


  • [12] jay from Harlem September 29, 2009 - 10:55AM

    Brian, what's the use of all of this "talk". Without more, it's all dribble. I need to have some specific actions, directions that us ordinary people can get together and do that will make a difference, that will stop the Goldman Sachs, etc. How do we light a fire under Geithner and the President or is it all a lost cause?


  • [13] Rex from UWS/Manhattan September 29, 2009 - 10:57AM

    Nomi is a gem. I am somewhat familiar with her muckraking. To all your listeners: Listen to this woman!


  • [14] Joe Bowie from Fort Greene, Brooklyn September 29, 2009 - 11:00AM

    I can't get a handle on the label "Progressive Capitalist", and I don't believe Nomi Prins has any idea of what this label means either. She seemed to make it and its definition up out of thin air.


  • [15] Stephen from Scarsdale September 29, 2009 - 11:03AM

    When asking about whether Prins believes in capitalism, she said, yes in a progressive way. On Friday night's Real Time with Bill Maher, Michael Moore was being interviewed in light of his new film. The same question was asked. He was under the impression that the current state of crony capitalism was real capitalism. It is interesting to see, Prins and Moore actually believe in the modern day progressive capitalism.


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