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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Tuesday, May 02, 2017
The Empire Expands: Not the American One, But Trump’s
President Trump, his children and their spouses, aren’t just using the Oval Office to augment their political legacy or secure future riches. Okay, they certainly are doing that, but that’s not the most useful way to think about what’s happening at the moment. Everything will make more sense if you...
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Monday, January 30, 2017
The Goldman Sachs Effect: How a Bank Conquered Washington
Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation's capital has reaped the rewards of government while the people have borne the...
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Thursday, December 08, 2016
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
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
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
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
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 05, 2016
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 01, 2016
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
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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