Stories by Nomi Prins
Nomi Prins is a senior fellow at the public policy center Demos and author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street.
It's been 10 years since Washington repealed the Glass-Steagall Act, the moment we got royally screwed by the banking system -- and we're still paying the price.
Posted on Nov 14, 2009, Source: AlterNet
An interview with Prins, former managing director at Goldman Sachs, now a razor-sharp financial muckraker and author of the new book, "It Takes a Pillage."
Posted on Oct 30, 2009, Source: AlterNet
To hear it from the big financial companies, the big crash started when poor people bought homes they couldn't afford. But that was at most 1% of the problem.
Posted on Sep 29, 2009, Source: Wiley Press
The government hasn't exactly been forthcoming about how it has made buckets of money available to the banking sector. But here's what really happened.
Posted on Sep 26, 2009, Source: The Nation
Obama claims that govt. funding of the banking system saved the economy, but without reform he is playing an expensive and dangerous game.
Posted on Sep 16, 2009, Source: Mother Jones
His new regulations have been billed as the most sweeping overhaul of the financial system since the Great Depression. Obama, alas, is no FDR.
Posted on Jun 19, 2009, Source: Mother Jones
How Goldman deftly diverted attention away from the tens of billions it has taken from the public.
Posted on May 28, 2009, Source: AlterNet
Pumping more money into the financial giant reflects rampant cluelessness and a misplaced belief that inaction is worse than action.
Posted on Mar 3, 2009, Source: AlterNet
Some major steps toward transparency are needed to begin to ensure that the bailout money is not being squandered.
Posted on Dec 20, 2008, Source: The Nation
Whether or not bailing out the Big Three makes financial sense (which it doesn't), it's still a fraction of the cost of bailing out Wall Street.
Posted on Dec 9, 2008, Source: AlterNet
They got us into this mess, and now they want to cash out -- will President Obama stop them?
Posted on Nov 7, 2008, Source: AlterNet
Paulson and his wheeler-dealer pals have proven more interested in preserving their own wealth than in stabilizing the American economy.
Posted on Oct 15, 2008, Source: The Nation
The Bush-Paulson trillion-dollar payoff scheme won't save Wall Street from the mess it created.
Posted on Sep 24, 2008, Source: AlterNet
The speculative nature of the financial industry is a threat to national economic security. It requires a serious exit strategy.
Posted on Sep 17, 2008, Source: AlterNet
Ignore the pop-politics and look at the issue that matters most to American families.
Posted on Sep 9, 2008, Source: AlterNet
McCain may be resorting to obvious pandering with his VP pick -- but political pandering wins elections.
Posted on Aug 29, 2008, Source: AlterNet
Oil prices won't be dropping any time soon. Not until the first mandatory and detailed trade reports cover the entire global futures trading markets.
Posted on Jul 8, 2008, Source: AlterNet
Exxon is working to assure that whoever gets into the Oval Office doesn't try to tax some of their profits away.
Posted on May 6, 2008, Source: The Wip
We can't solve our economic pain with another handout -- we need to regulate excessive exorbitant rates and nontransparent lending practices.
Posted on Feb 2, 2008, Source: Newsday
There's a national economy, and then there's a "people's economy." Guess which one will see more "relief."
Posted on Jan 24, 2008, Source: The Wip
The U.S. has the most prisoners and the highest jailing rate of any country -- the insanity must stop.
Posted on Dec 30, 2007, Source: The Women's International Perspective
The debate over whether the blame for the crisis should rest with lenders or borrowers misses a crucial point: if lenders couldn't offset their loans to Wall Street, their practices couldn't have spiraled out of control.
Posted on Dec 9, 2007, Source: The Nation
The new book
Stolen Without a Gun is a confession from inside history's biggest accounting fraud -- the collapse of MCI WorldCom.
Posted on Oct 3, 2007, Source: AlterNet
The government can do more to make borrowing for college tuition a benefit, not a burden.
Posted on Jun 21, 2007, Source: Newsday
A conversation with author David Rose about a murder trial gone wrong and what it tells us about the racial and economic bias in America's criminal justice system today.
Posted on Jun 2, 2007, Source: AlterNet
Rummy gets the boot and Paris Hilton gets richer.
Posted on Nov 17, 2006, Source: AlterNet
When gas prices were high, the Bush administration blamed the Iraq war. But now that they’re sinking, it’s clear that theory doesn’t hold up.
Posted on Oct 19, 2006, Source: TheNation.com
If you ever wanted to see how badly 'conservatives' have been shaking the silver out of our pockets in the past six years, this list is it.
Posted on Sep 22, 2006, Source: AlterNet
Health care in the US has gotten so bad that even the wealthy find themselves gasping at the soaring premiums.
Posted on Sep 12, 2006, Source: AlterNet
New laws must prevent abuse by companies that are squirming out of paying Katrina victims.
Posted on Aug 31, 2006, Source: AlterNet
Bush's Treasury Secretary nominee, Henry J. Paulson, is the President's last hurrah -- and his last chance.
Posted on Jun 9, 2006, Source: The Nation
It's time to get some of those billions back from the oil companies -- let's establish a windfall profits tax and put an end to sweeheart tax breaks.
Posted on May 26, 2006, Source: AlterNet
