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
 |
Views Thursday, June 08, 2017 Dear President Trump: Breaking Up (Banks) Isn’t So Hard to Do Donald, listen, whatever you’ve done so far, whatever you’ve messed up, there’s one thing you could do that would make up for a lot. It would be huge! Terrific! It could change our world for the better in a big-league way! It could save us all from economic disaster! And it isn’t even hard to grasp... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |
 |
Views 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... Read more |