Egypt Election: Muslim Brotherhood Candidate Could Face...
Shows featuring Nomi Prins
Former investment banker turned journalist. She worked at Goldman Sachs and Bear Stearns. She is the author of several books, including It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street. Her latest book is a historical novel about the 1929 stock market crash, titled Black Tuesday.
-
Corzine Grilled over MF Global Collapse After Witness Suggests Knowledge of Misused Funds
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
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"
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
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
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
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
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
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
Job Openings
Columns
By Amy Goodman with Denis Moynihan
Gen. John Allen, commander of U.S. Forces Afghanistan, spoke Wednesday at the Pentagon, four stars on each shoulder, his chest bedecked with medals. Unlike Allen, many decorated U.S. military veterans left the streets of Chicago after the NATO summit without their medals.
Web Exclusives
In an extended interview, David Bronner, president of Dr. Bronner’s Magic Soaps, discusses the history of the company, why they put sustainability and social justice ahead of profits, the organic and GMO labeling movements, the U.S. war on hemp, and why they refuse to sell out. [includes rush transcript]
Human Rights Watch’s Kenneth Roth examines why the U.S. has not pressured Bahrain to release pro-democracy activists. He also discusses Syria and the conditions in Israeli jails and courts that prompted 1,550 Palestinian prisoners to go on a hunger strike. [includes rush transcript]
