On this edition of Your Call, former investment banker Nomi Prins discusses her new book, Collusion: How Central Bankers Rigged the World.
Prins argues that since the global financial crisis, big banks have massively profited from access to cheap money. She writes, "No significant regulations have been introduced to fix the structural problems behind the last financial crisis. Banks and the markets have been subsidized by conjured-money policy." She calls it a heist that enables the most powerful banks and central bankers to run the world. How can this rigged system be dismantled?
Guest:
Nomi Prins, former managing director at Goldman Sachs and senior managing director at Bear Stearns, investigative journalist, and author of several books, including Collusion: How Central Bankers Rigged the World
Nomi Prins will be speaking at St. John's Presbyterian Church, 2727 College Avenue in Berkeley, at 7:30 p.m. Sunday night. You can find details here.
Web Resources:
TruthDig: The Fed Boosts Wall Street, Not Main Street
Reuters: House may vote on Dodd-Frank changes in May: majority leader
AlterNet: There's An Uncovered Beltway Story Hiding in Plain Sight -- With Trillions of Dollars In Play
