Articles
Nomi is a celebrated investigative journalist whose provocative articles on geo-political finance and global economics have been featured in The New York Times, Forbes, Fortune, Newsday, The Guardian, The Nation, New York Daily News, La Vanguardia, and Salon.com, among other publications.
Nomi Prins with Lance Roberts of Real Investment Advice: The Fed And Global “Collusion”
In 2018, Nomi released her best-selling book Collusion which explored the world of central banks and Wall Street. Together with Lance Roberts of Real Investment Advice and the "Real Investment Hour" she takes a deep dive on what's unfolded since the 2008 financial crisis and why it matters (Real Investment Advice).
Building or Unbuilding America?
In 2021, following a global pandemic where hundreds of thousands of Americans have died and the economic reality is so daunting for so many - infrastructure can be the great economic equalizer. But will it be? Here's what long-term infrastructure investment could mean for generations to come. (Tom Dispatch).
Getting played by the game: After the GameStop revolt, all should understand that Wall Street is fundamentally unfair
Here's why the story on WallStreetBets, GameStop and Robinhood extends well beyond brokers and the hedge funds that rig Wall Street... And how the government should take action in response... (New York Daily News)
War of the (Financial) Worlds
As 2021 begins, economically speaking, you might say that when it comes to the rich versus the rest of us, we’re suffering the equivalent of an invasion from Mars. Here's why the classic film, The War of the World's is as applicable to the economic divide today as it was to the political climate in the 1930's when Orson Welles dramatized his version for an American radio audience. (Tom Dispatch)
Journalist Nomi Prins Explains That $7 Trillion the Fed Magically Created
Joining Paul Holdengräber's series, The Quarantine Tapes, Nomi Prins takes a deep dive into the complex history of Wall Street and the economy. They cover what's been happening in the national and global economy as a result of the pandemic. (Literary Hub)
Workers Need a ‘Newer Deal’ to Tackle The 2020 Covid-19 Crisis
Government relief efforts in the face of the Covid-19 crisis has helped major Wall Street banks and the biggest corporations rather than Main Street and the majority of American workers. Could a Great Coronavirus Depression be next? Here's what history tells us. (The Nation)
Big Banks Got the Sweetest Deal From the Covid-19 Bailouts
An exclusive conversation between Nomi Prins and Robert Scheer on KCRW. They compare the Global Financial Crisis with the COVID-19 Crisis as well as the approaches taken by Democrats and Republicans, and what Americans can expect to result from the coronavirus crisis that has turned their worlds, along with the whole world, upside down. (Scheer Intelligence Podcast)
Welfare for Wall Street
As in 2008, the financial relief package leaves most Americans behind. It’s only a matter of time before it leads to an even bigger crisis. (The Nation)
The Fed, the Virus, and Inequality
In a world that’s seen a dramatic rise in isolationist politicians and policies, the coronavirus reminds us that we still share a planet where not everything is controllable by brute force or posturing. Here's how the Fed is responding to the coronavirus and why that matters to inequality in the U.S... (TomDispatch)
The Soaring Twenties: 10 Economic and Market Trends to Consider for 2020
A new decade has arrived! And with it, the Roaring Twenties of a century ago echo today. Questions are building in the chambers of Wall Street. Can this bull market last?... (LinkedIn)
I’ve Seen Goldman Sachs From the Inside. We Need Public Banks.
For far too long, Wall Street has wreaked havoc on people’s personal financial stability and our economy as a whole. I should know. As a managing director at Goldman Sachs in the early 2000s, I witnessed firsthand ... (Truthout)
The Rich Are Still Getting Richer
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight.... (The Nation)
Get Used to the “Powell Put”
In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.” It is in direct reference to Fed chairman Jerome Powell.... (Daily Reckoning)
Expect the Buyback Wave to Continue This Year
A crucial theme from last year is continuing into this year — stock buybacks. Last year was a banner year for companies buying back their own shares. A month into 2019, it appears that Wall Street ... (Daily Reckoning)
Three Concerns Hanging Over the Davos Elite
This week, the global elite descended private jets to their version of winter ski-camp – the lifestyles of the rich and powerful version. The World Economic Forum’s (WEF) five-day annual networking extravaganza ... (Daily Reckoning)
Has a Davos backlash begun?
It’s Davos time again! The five-day global-elite’s festival of self-importance has kicked-off in luxurious fashion at the ski resort in Switzerland; the rich and powerful are again competing for public and media attention ... (UnHerd)
Volatility Holds the Key to Markets in 2019
Over the last two weeks, after making good on the four-rate interest hike of 2018, Fed Chairman, Jerome Powell, became more dovish to start 2019. His change in tone is worth considering because ... (Daily Reckoning)
Central Banks Versus the People
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet.... (The Nation)
Why the Post-Election Rally Will Extend Into 2019
This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around.... (Daily Reckoning)
Buybacks Will Push the Market Higher
A lot of people seem to have already forgotten about last month’s big market sell-off. But if you’re still worried about October’s market sell-off, you should know that the largest bank in the U.S., JPMorgan Chase, isn’t.... (Daily Reckoning)
Expect the Fed to Pause if Volatility Continues
It’s a good thing October is coming to an end. It’s been a particularly lousy month for the markets. October has seen about $5 trillion in value erased from global markets.... (Daily Reckoning)
4 Pillars of Debt in Danger of Collapse
Last month I was in a series of high-level meetings with members of Congress and the Senate in Washington. While there’s been major news about the Supreme Court, my discussions were ... (Daily Reckoning)
World’s Most Important Bank Issues Urgent “Zombie Alert”
It’s been a decade since the world’s major central banks reacted to the financial crisis by cheapening the value of money through record low, zero or negative rates. What my research ... (Daily Reckoning)
10 Years Later, a Debt Crisis Is Building Again
Though it seems like only yesterday, it’s been a decade since my former employer, Lehman Brothers went bankrupt, and in the process, helped instigate a massive global financial crisis.... (Daily Reckoning)
Cooking the books in the Trump Universe
Now, here’s a question for you as we head for the November midterm elections: Could Donald Trump be a one-man version of either Enron or Lehman Brothers, someone who cooked “the books” until, well, he imploded?.... (Salon)
Is Donald Trump’s Downfall Hidden in His Tax Returns?
Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America’s most innovative company by Fortune magazine to being the poster child ... (The Nation)
Look out for Emerging-Market Contagion Effects
A recent Reuters article notes that, “President Donald Trump’s relentless “America First” trade push is hurting confidence in many countries, rising U.S. interest rates are putting strains on emerging economies and ... (Daily Reckoning)
The Fed Will Not Give up “Dark Money”
When it comes to second quarter U.S. economic growth figures, interpretation is everything. On one hand, the projection of 4.1% second quarter growth is a sign of a surging economy set to grow for years to come.... (Daily Reckoning)
You Should Fear the Emerging Market Debt Bubble
Global debt has ballooned since the financial crisis as central banks have distorted markets and fueled debt bubbles in particular. A lot of the increase in global debt has come from emerging market (EM) economies ... (Daily Reckoning)
Has Trump Ushered In a Golden Age for News Media?
Trump has done something genuinely new as president: He specializes in creating uncertainty. Nomi Prins talks about the economic consequences for us, and for our future: the danger of chaos, and entropy.... (The Nation)
Buybacks Will Keep the Bull Running
In the Fed’s July report to Congress, Jerome Powell unleashed what was likely the most important statement to the Trump administration. Powell said that interest rate hikes, which had been forecast to include ... (Daily Reckoning)
The entropy wars: Five financial uncertainties of 2018 (so far)
ere we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. (Salon)
These 5 Trump Policies Are Leading Us Toward Economic Chaos
ere we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will.... (The Nation)
Trump Takes a Page From Nixon’s Playbook
Historically, presidents have refrained from publicly commenting on the Federal Reserve’s policy. This allows the Fed to maintain its veneer of independence. However, it is clear that this White House is very different.... (Daily Reckoning)
Donald Trump’s Trade Wars Could Lead to the Next Great Depression
Leaders are routinely confronted with philosophical dilemmas. Here’s a classic one for our Trumptopian times: If you make enemies out of your friends and friends out of your enemies, where does that leave you?... (The Nation)
Nomi Prins’s ‘Collusion’ Chronicles Capitalism’s Collision Course
If Karl Marx gave us capitalism’s big picture with Das Kapital, ex-Wall Street “renegade” Nomi Prins strives to update political economy critiques with Collusion, How Central Bankers Rigged the World.... (The Progressive)
Central Banks: The Great Experiment Has Failed
My latest book, Collusion: How Central Bankers Rigged the World, is about the leading central banks and their incestuous relationships. The book dives into how central banks rigged the cost of money and ... (Daily Reckoning)
Collusion: How Central Bankers Rigged the World
The word “collusion” has come to be associated with Russia, Trump and the U.S. election. But my new book, Collusion: How Central Bankers Rigged the World, is about something entirely different and much more global ... (Daily Reckoning)
Donald Trump and the Next Crash: Making the Fed an Instrument for Disaster
Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in plain sight with trillions of dollars in play and ... (Truthdig)
Donald Trump and the Next Crash
Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in plain sight ... (TomDispatch)
At the Fed, the Scene Is Being Set for Financial Disaster
Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story with trillions of dollars in play and ... (The Nation)
Four Flashpoints of Volatility
Wall Street has knee-jerk reactions to any trade war related headlines. There are legitimate reasons to be concerned about trade wars. The world is increasingly more connected than ever.... (Daily Reckoning)
Why Trade Wars Will Unleash Central Banks
There’s been an abundance of coverage surrounding the recent steel and aluminum tariffs. Those measures could hurt more sectors than they help within the U.S. In particular, it could damage ... (Daily Reckoning)
Why Markets Should Continue to Rise This Year
A government shutdown was averted last Friday when President Trump signed a $1.3 trillion, 2,232-page omnibus bill.... No one really had the time to go through it, and that’s on purpose.... (Daily Reckoning)
Jared Kushner, you're fired!
Here we are a little more than a year into the Trump presidency and his administration’s body count is already, as The Donald might put it, “unbelievable, perhaps record-setting.” (Salon)
Central Bank Money Rules the World
Central bank credit that supports markets — is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected ... (Daily Reckoning)
Trade Wars and Diminished Credibility
As Jonathan Swift once noted: “There is nothing constant in this world but inconsistency.” That’s the operative motto for all things Trump, one that makes analyzing the gap between what he thinks ... (Truthdig)
The Status Quo Will Reign
This month’s stock market correction is still fresh in everyone’s mind. Many have even begun to wonder if the era of dark money was truly over. How will the recent correction affect the Fed’s dark money policies?... (Daily Reckoning)
The Secret Force Behind Today’s Rigged Markets
Markets were up again big today and volatility was down. But we haven’t seen the last of rising volatility, nor of the central banks’ attempts to thwart it. This week, new Fed Chair Jerome Powell will ... (Daily Reckoning)
Is it ‘Treason’ Not to Clap for the President?
In a speech in Ohio on Monday, Trump said it was “treason” for the Democrats not to applaud him during his State of the Union speech. Tuesday, his spokesperson said he was just kidding.... (The Nation)
Trump’s New Dark Money Man Takes Over
The Fed has continued to provide what I call dark money to big Wall Street banks while they continue to buy back their shares with it. Dark money comes from central banks. Ultimately, central banks ... (Daily Reckoning)
Here Comes the Next Financial Crisis
There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas ... (The Nation)
Trump’s Financial Arsonists
There’s been lots of fire and fury around Washington lately, including a brief government shutdown. In Donald Trump’s White House, you can hardly keep up with the ongoing brouhahas ... (TomDispatch)
The Financial Road Map for 2018
In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally ... (Daily Reckoning)
The Next Financial Crisis Will Be Worse Than the Last One
We made it through 2017. And if you look at the stock and asset markets, as Donald Trump tends to do (and as Barack Obama did, too), you’d think all is fine with the world. The Dow Jones Industrial Average ... (Daily Reckoning)
The Next Financial Crisis Will Be Worse Than the Last One
We’ve made it through 2017. The first-season installment of presidential Tweetville is ending where it began, on the Palm Beach, Fla., golf course of Mar-a-Lago. Though we are no longer privy to all the ... (Truthdig)
The Thomas Fire and the Tax Bill
Pardon me a moment of whimsical naivete. It’s been a rough December (I’ll get to that shortly). But wouldn’t it be cool if our government would, just occasionally, operate on behalf of the people ... (Truthdig)
Steven Mnuchin, Foreclosure King Of America
reasury Secretary Steven Mnuchin doesn’t exactly come across as the guy you’d want in your corner in a playground tussle. In the Trump administration, he’s been more like the kid trying to cop favor with the school bully.... (HuffPost)
The White House as Donald Trump’s new casino
During the 2016 election campaign, Donald Trump repeatedly emphasized that our country was run terribly and needed a businessman at its helm. Upon winning the White House, he insisted that ... (Salon)
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!... (HuffPost)
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 ... (TomDispatch)
"The great vampire squid”: Goldman Sachs' influence on America's future
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 ..." (Salon)
Fed's Rate Hike Signals a Déjà Vu for 2017
Major central banks react inversely to US and will persist with ultra-low or negative interest rates in the hope banks will lend to people – they won’t.... (The Guardian)
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.... (TomDispatch)
Trump's Great Gatsby Government Will Be a Gift to the Rich
Donald Trump is selecting a gilded elite to fill key cabinet positions. They have signaled loud and clear that they will serve their interests alone.... (The Guardian)
Trump’s Taking America’s Cozy Relationship with Goldman Sachs and Wall Street to Frightening New Heights
It's early yet, but Donald Trump is taking one of the worst American traditions — a coziness with Wall Street in the highest corridors of power — to a dangerous new extreme.... (Daily News)
Ex-Wells Fargo CEO John Stumpf Deserves Jail – Not a Plush Retirement
If the Department of Justice lived up to its name, it would move forward with John Stumpf’s criminal investigation.... (The Guardian)
Jail Wells Fargo CEO and Chairman John Stumpf!
Stumpf's actions were not merely "unethical" — they were criminal. And in the current system, he'll not only get away with it, he'll profit more than handsomely.... (Bill Moyers)
Madoff in the White House?
Donald Trump is not Bernie Madoff, who was 70 when he took up residence in the Big House. Trump at 70 is eyeing the White House. Though certain overriding similarities can’t be ignored.... (TomDispatch)
Hillary Clinton’s Choice: Why Tim Kaine Isn’t a ‘Safe’ Pick
Kaine’s real job is being the anti-progressive, corporately speaking. Rather than reflecting the “safe” pick that Clinton’s supporters argue he is, the selection reveals her desperate need for ... (Bill Moyers)
Donald Trump’s Anti-Establishment Scam
Early on in his presidential bid, Donald Trump began touting his anti-establishment credentials. When it worked, he ran with it. It was a posture that proved pure gold ... (TomDispatch)
Gimme Shelter (From the Tax Man)
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 ... (TomDispatch)
Democracy of the Billionaires
Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could already be fueled from the billions of dollars in contributions in play in election 2016.... (TomDispatch)
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.... (TomDispatch)
Trumpocrisy
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.... (TomDispatch)
CBS's 'The Late Show With Stephen Colbert' Premiere Packs Punch With Politics, Prose And Many Jokes
He’s baaaack. Last night, Stephen Colbert killed it in the debut of The Late Show with Stephen Colbert.... (Forbes)
Trump Says He Has Hollywood Support: How Much Does It Matter?
There are two things that Donald Trump has made clear - everywhere. First, he’s a ratings and ad-revenue-generating machine. And second, he’s too rich to be bought. There’s a third and subtler element associated ... (Forbes)
Fox News Backs Trump Against Megyn Kelly In Perfect Ratings Victory
In the world of political entertainment, all publicity is good publicity, all advertising dollars are good advertising dollars, and all control provides a way to hone your message and income. Trump knows this.... (Forbes)
Donald Trump Bump Is About Celebrity, Not Policies, Lifting His Star In Early Polls
With a gaggle of candidates scrambling for the GOP nomination slot, all publicity is good publicity. And no one in the White House 2016 hunt embodies implementing the use of celebrity ... than Donald Trump.... (Forbes)
Hillary Clinton's Chronic Caution on the Big Banks
Hillary Clinton has a knack for saying what she believes she needs to. But when it comes to fortitude and detail, actions speak louder than rhetoric — including the rhetoric she espoused Monday at the New School ... (Daily News)
Why The FCC Will Be More Favorable To Charter Communications Than Comcast
Charter Communications is on a serious mission. Having sped through the Federal Communications Commission (FCC) process of deal announcement to docket opening to public interest statement ... (Forbes)
In A World Of Artificial Liquidity – Cash Is King
Global central banks are afraid. Before Greece tried to stand up to the Troika, they were merely worried. Now it’s clear that no matter what they tell themselves and the world about the necessity or even righteousness of ... (Peak Prosperity)
ABC's 'The Astronaut Wives Club' Is A Mesmerizing Slice Of American History And Character
After a year delay, Thursday’s premier of ABC’s The Astronaut Wives Club was met by a somewhat lukewarm response from critics and audiences.... (Forbes)
Hulu Ups The Ante In Streaming Battle Against Netflix: Why Netflix Shouldn't Care
The lines and business strategies have largely been drawn in the streaming content world. Mega successful, Netflix has opted to build from a base of high quality, social media binge-and-buzz-worthy original content, and go global.... (Forbes)
'Game Of Thrones,' Dany and the Dragon: Why Mythology And Mother Nature Can Capture The Iron Throne
The most powerful, multi-dimensional female heroine around today, Daenerys Targaryen (a.k.a. 'Dany') didn’t get much screen time in the finale of Season Five of Game of Thrones ... (Forbes)
From Orange Is The New Black To Netflix Streamosphere Dominance (And Some Spoilers)
As any one with a Netflix account or Internet access knows, Season Three of the firm’s self-described "groundbreaking" series, Orange is the New Black officially “broke” the streamosphere on June 12th ... (Forbes)
The Game of Murdoch: Rupert's Dynasty And Legacy Shaping Keeps Fox On Course
Yesterday’s big news story about – news – was really about genetic legacy and a shifting, but not changing dynasty.... (Forbes)
Gauging Our Engagement: What The Season's Top Ten Nielsen-Twitter TV Ratings Tell Advertisers And Us
In the brave new world of social TV (a.k.a. the offspring of social media and TV) all engagement is considered good engagement.... (Forbes)
Musicians Take On The Big Six Hollywood Studios For Breach Of Agreement
Musicians have taken their fight for previously agreed upon royalties to the gates of the Big Six Hollywood movie studios. Earlier this week, the American Federation of Musicians of the United States and Canada (AFM) filed a complaint ... (Forbes)
The Turtles Win Class Action Certification In SiriusXM Copyright Lawsuit, Opening Door For Others
The 1960s band, the Turtles, won another victory in their battle to retrieve royalties for songs they recorded prior to February, 1972.... (Forbes)
The Tomorrowland Of The Past And the Mad Men Vision For The Future
If Mad Men’s Don Draper were tasked with creating a vehicle to showcase the future, space, theme parks, youth and Coca-Cola, he would have produced, Tomorrowland. The movie is meant to open our hearts and minds to ... (Forbes)
4 Factors Signaling Volatility Will Return With A Vengeance
No one could have predicted the sheer scope of global monetary policy bolstering the private banking and trading system. Yet, here we were – ensconced in the seventh year of capital markets being buoyed by coordinated government ... (Peak Prosperity)
The Spotify-Starbucks Partnership Is Digital Co-Branding Genius
Spotify is racing ahead of the pack. And not just the pack of music streaming companies – though, there’s that, too.... (Forbes)
Spotify Racks Up A Streaming Milestone: Artists Settle In For The Fight
Let’s face it. As a consumer society, for better or worse, we are increasingly focused on having it all – having it now - and then moving on.... (Forbes)
Why Avengers: Age Of Ultron Will Pass $1 Billion After China Opening
Financial and technology company goliaths were making money in China long before the rest of the media picked up on the - is it really growing ? - story.... (Forbes)
American Express May Yet Win The Credit Card Class Wars
Sometimes, the most telling information lies beneath the surface. At today’s American Express Annual Board Meeting, new Board of Director member, and former Utah Governor, Michael Leavitt was elected.... (Forbes)
Why Clinton Cash Has Bi-Partisan And National Importance
Bill and Hillary Clinton have formed political-financial alliances that few former presidents and first ladies have ever established, let alone, have couples seeking to become president and first gentleman.... (Forbes)
Presidents, Mother's Day and American Tradition
More than a century ago, before it became the commercialized occasion it is today, Congress approved the second Sunday in May to be Mother’s Day. It declared that the American mother marked ... (Forbes)
How to Read Market Reactions to the Janet Yellen Effect
Yesterday, stock and bond markets dipped on the news that Federal Reserve Chair Janet Yellen said that “equity market valuations at this point generally are quite high." She further noted, “There are potential dangers there." ... (Forbes)
The Clintons and Their Banker Friends
The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward.... (TomDispatch)
Carly Fiorina's Judgment Problem
For those of us that live in California, there’s a palpable deja vu in Carly Fiorina's declaration to run for president on the Republican ticket. Smatterings of those late night TV advertisements are still sloshing around our brains.... (Forbes)
Hillary And Hollywood Money
Money and power mesh like peanut butter and jelly sprinkled with caviar in Washington, Wall Street and Hollywood. The path toward influence is lined with the casualties or victories of status, wealth, and ego.... (Forbes)
Hillary Clinton, Jeb Bush and the Big Banks
The entry of progressive contender Bernie Sanders into the Democratic presidential race gives us a fresh opportunity to see the truth about two leading contenders — one Democrat, one Republican ... (Daily News)
Book Review: ‘Too Big to Jail: How Prosecutors Compromise With Corporations’
During the past few years, a plethora of headlines have proclaimed one “record fine” after another against the major banks at the heart of the 2008 financial crisis.... (The National Memo)
Break Alliances Between Wall Street and the White House
MONEY in politics is nothing new; in fact, money and politics are siblings in the family known as Power.... (The Seattle Times)
From J.P. Morgan to Jamie Dimon
New York is a wonderful town — if you run a mega bank. Because for over a century, the Big Six banks and their leaders have dominated not just the U.S. banking industry, but American and global finance, traversing ... (Daily News)
How Big Bankers Kept Secret Their Role in the Fed's Creation
Jekyll Island, the smallest of Georgia's barrier islands, lies midway between Savannah, Georgia, and Jacksonville, Florida. Endowed with majestic moss-coated oaks, marshes, and beaches cradled by windswept sand dunes ... (American Banker)
How Big Banks Created a Fed to Serve Their Own Interests
After the Panic of 1907, bankers and politicians alike sought a more stable banking system, though for different reasons. Despite J. P. Morgan's ability to harness backing from the Treasury Department when he needed it ... (American Banker)
Nomi Prins | The Real Vice-President of the United States Is Wall Street
Many congressional hearings and investigations have probed the bankers’ practices since the crisis that began in 2007. Similar to the Pujo hearings after the Panic of 1907, though, they have resulted in nothing ... (Truthout)
From Pissing Off the Rich to Owning the Bankers, 10 Reasons FDR was Hot
1) FDR was hot because instead of talking "hope and change" – and playing blame-game politics – he signed 15 major bi-partisan bills in his first 100 days ... (Alternet)
The Inevitability of Income Inequality
There’s been a lot of discussion about the historically high levels of income and wealth inequality lately — mostly from people on the shorter end of that stick — with good reason: There’s no end in sight.... (Truthdig)
The Horror, the Horror
“The Democratic Republic of Congo: Between Hope and Despair” by Michael Deibert is a grim and difficult book to read, despite the author’s masterful reporting. It is painful because of the visceral attention and emotion his work demands.... (Truthdig)
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