Nomi Prins

Nomi Prins

Nomi Prins, a former investment banker at Goldman Sachs, Bear Stearns and Lehman Brothers, is a senior fellow at the public policy organization Demos.  Her most recent book is All the Presidents' Bankers: The Hidden Alliances That Drive American Power (Nation Books). Her earlier book is Other People's Money: The Corporate Mugging of America.

 

Articles by this author

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Thursday, December 8, 2016 - 8:30am
The March of the Billionaires: On Trump’s Bait and Switch
Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk...
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Thursday, October 27, 2016 - 8:45am
Too Big to Fail, Hillary-Style
As this endless election limps toward its last days, while spiraling into a bizarre duel over vote-rigging accusations, a deep sigh is undoubtedly in order. The entire process has been an emotionally draining, frustration-inducing, rage-inflaming spectacle of repellent form over shallow substance...
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Friday, September 30, 2016 - 3:15pm
Jail Wells Fargo CEO and Chairman John Stumpf!
Consider this. You’re a mob boss. You run a $1.8 trillion network of businesses across state lines and continents. Many of these are legit, but a select subset of them – not so much. Every so often the illegal components flare up; some Washington commission launches an investigation, someone blows...
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Thursday, September 29, 2016 - 10:00am
Trump's Future Piggy Bank, Our Country?
Imagine for a moment that it’s January 2009. Bernie Madoff, America’s poster-child fraudster, has yet to be caught. The 2007-2008 financial crisis never happened. The markets didn’t tank to reveal the emptiness beneath his schemes. We still don’t know what’s lurking in his tax returns because he’s...
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Wednesday, July 27, 2016 - 3:00pm
Hillary’s Choice: Why Tim Kaine Isn’t a ‘Safe’ Pick
Once there was a Democratic senator from Virginia who managed to work across party lines to enact innovative legislation to protect ordinary Americans’ savings from bank speculation. That is not the Virginia Democratic senator Hillary Clinton picked to be her running mate. Sen. Tim Kaine (D-VA) is...
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Thursday, May 5, 2016 - 9:45am
Going Offshore in the 2016 Election Campaign
There’s a pile of money hiding offshore. It’s true that jobs are also leaving the United States because American companies find it convenient to cut labor costs by moving manufacturing abroad, the economic issue you’re hearing most about in this election season. But the stunning amount of money...
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Monday, February 1, 2016 - 8:30am
Democracy of the Billionaires
Speaking of the need for citizen participation in our national politics in his final State of the Union address , President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.” Cash, mountains of it, is...
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Monday, November 30, 2015 - 8:30am
The American Hunger Games
Fact: too many Republican candidates are clogging the political scene. Perhaps what’s needed is an American Hunger Games to cut the field to size. Each candidate could enter the wilderness with one weapon and one undocumented worker and see who wins. Unlike in the fictional Hunger Games for which...
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Thursday, October 1, 2015 - 9:30am
Trumpocrisy: How 'The Donald' Became a Billionaire and What That Means for the Rest of Us
The 2016 election campaign is certainly a billionaire’s playground when it comes to “establishment candidates” like Hillary Clinton and Jeb Bush who cater to mega-donors and use their money to try to rally party bases. The only genuine exception to the rule this time around has been Bernie Sanders...
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Tuesday, June 23, 2015 - 10:30am
All In with Jeb: The Bush Family Goes for Number Three (With the Help of Its Bankers)
[ This piece has been adapted and updated by Nomi Prins from her book All the Presidents' Bankers: The Hidden Alliances That Drive American Power , recently out in paperback (Nation Books). ] It’s happening. As expected, dynastic politics is prevailing in campaign 2016. After a tease about as long...
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