Shows featuring Nomi Prins

  • All the Presidents’ Bankers: Nomi Prins on the Secret History of Washington-Wall Street Collusion Wallstreet
    With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, "All the Presidents’ Bankers: The Hidden Alliances that Drive American Power," financial journalist...
    April 08, 2014 | Story
  • JPMorgan Chase CEO Gets Warm Hill Welcome from Senators Flooded with Millions in Wall St. Donations Button-diman
    Protesters confronted JPMorgan Chase CEO Jamie Dimon on Wednesday as he testified on Capitol Hill about how his bank lost up to $3 billion in risky bets. Lawmakers, however, gave a warmer greeting to the man described as Washington’s favorite banker. JPMorgan spent $7.6 million on lobbying last year, and Dimon has a long...
    June 14, 2012 | Story
  • Corzine Grilled over MF Global Collapse After Witness Suggests Knowledge of Misused Funds Splash_image20111214-7869-p2w2x2-0
    Former New Jersey governor and U.S. senator, Jon Corzine, testified Tuesday on Capitol Hill about his brief stint at the helm of the failed commodities and derivatives brokerage house MF Global, which in October became the largest failure on Wall Street since the collapse of Lehman Brothers in 2008. After MF Global went bankrupt,...
    December 14, 2011 | Story
  • Despite House Passage, Feingold Maintains Opposition to Financial Reform Bill as "Too Weak" in Face of Wall St. Recklessness Reform-graphic
    Democrats may still be one vote short of approving an overhaul of financial regulation with Senator Russ Feingold vowing to vote against the measure again. The House approved the measure this week following over three weeks of conference committee negotiations. We speak to former investment banker turned journalist Nomi Prins,...
    July 02, 2010 | Story
  • Nomi Prins: "Obama Banking Too Much on Banks" Obama-wallst-web
    President Obama visited Wall Street Monday to promote a regulatory overhaul of the US financial system. The visit came on the one-year anniversary of the collapse of the investment bank Lehman Brothers. Lehman’s bankruptcy set off a series of events across the financial markets, leading to a full-scale economic meltdown. Speaking at Federal Hall, Obama promoted Democratic proposals for new...
    September 15, 2009 | Story
  • Report: Goldman Sachs on Pace to Pay Out Record Bonuses this Year Goldman-web1
    The Guardian newspaper reports staff at Goldman Sachs can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. We speak to Nomi Prins, a former managing director for Goldman Sachs in New York, about the possible...
    June 22, 2009 | Story
  • Altering Bailout Rules, US Moves Closer to Nationalizing Troubled Banks Citiweb
    The Obama administration has revamped the terms of its emergency aid to troubled financial firms that could lead to the government nationalizing some of the country’s largest banks. With nationalized banks on the horizon, we speak to Robert Johnson, former chief economist of the Senate Banking Committee, and former investment banker turned journalist, Nomi Prins. [includes rush transcript]
    February 24, 2009 | Story
  • US Seizes Control of AIG with $85 Billion Bailout Aigsparkleweb
    The US government has seized control of insurance giant American International Group in an unprecedented $85 billion bailout. The Federal Reserve made the deal on Tuesday to save AIG from collapse in what the New York Times describes as "the most radical intervention in private business in the central bank’s history." The move comes as a series of financial crises has altered the landscape...
    September 17, 2008 | Story
  • Five Ways Wall Street and Washington Set Us Up for the Crash: Author Nomi Prins Explains Where Congress Went Wrong on Lending Prinsweb
    The worst of the economic crisis may be far from over. That was the message of Federal Reserve Chairman Ben Bernanke Tuesday. He indicated that the housing and financial turmoil will persist deep into next year. The Senate, meanwhile, is deliberating a bill this week that would provide government-backed loans to 400,000 homeowners on the brink of foreclosure. We speak with former investment banker...
    July 09, 2008 | Story
  • Fed Bailout of Bear Stearns First of its Kind Since Great Depression Bearstearnsweb
    The nation’s fifth largest investment bank Bear Stearns nearly collapsed last week. It was saved only after the Federal Reserve took extraordinary measures to help JPMorgan purchase the eighty-five-year-old firm. The Fed has become the lender of last resort for other investment banks in a move that marks one of the broadest expansions of the Fed’s lending authority since the 1930s. We speak...
    March 20, 2008 | Story