On Demand
Nomi Prins on Bailouts, Bonuses and Backroom Deals
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.
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goldman has a long history of manipulating the people's government, since the 1930's
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.
"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.
...also, btw, tell her not to talk so fast. it's a little annoying.
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?
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...
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?
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)
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.
The U.S. government leadership suffers from too much information, too little knowledge, a real knowledge/wisdom vaccum.
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.
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?
Nomi is a gem. I am somewhat familiar with her muckraking. To all your listeners: Listen to this woman!
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.
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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