Nomi Prins

Nomi Prins is an American author, journalist, and public speaker[1] who writes about Wall Street and the US economy.

Nomi M. Prins
Prins in June 2017 at a Congressional briefing
Born
Poughkeepsie, New York
NationalityUnited States
EducationFederal University of Rio Grande do Sul, Leonard N. Stern School of Business
Alma materFederal University of Rio Grande do Sul (PhD), State University of New York at Purchase
New York University (MS)
OccupationAuthor, Journalist and former Distinguished Senior Fellow at Demos
Known forAll the Presidents' Bankers: The Hidden Alliances that Drive American Power
It Takes a Pillage
Black Tuesday
Other People's Money
Websitenomiprins.com

Prins worked as a managing director at Goldman Sachs for 2 years and as a senior managing director at Bear Stearns for seven years, and was a senior strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. She was Distinguished Senior Fellow at Demos think tank from 2002 to 2016.[2] Prins is known for her book All the Presidents' Bankers, in which she explores over a century of close relationships between the 19 presidents from Teddy Roosevelt through Barack Obama and the key bankers of their day, based on archival documents. Prins also received recognition for her whistleblower book, It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street, for her views on the U.S. economy,[3][4] for her published spending figures on federal programs and initiatives related to the 2008 bailout,[5] and for her advocacy for the reinstatement of the Glass–Steagall Act and regulatory reform of the financial industry. She was also a member of Senator Bernie Sanders' panel of top economic experts to advise on Federal Reserve reform.[6]

Personal

Nomi Prins was born in upstate New York, the oldest child in her family. Her father worked for IBM after having taught at the local college as a mathematics professor. She received her bachelor's degree in mathematics from State University of New York at Purchase with a minor in music and a Master in Science in statistics from New York University.[7][8] Prins received her PhD in International Strategic Studies with a specialization in International Political Economy from the Federal University of Rio Grande do Sul in Porto Alegre, Brazil. [9]

Career in finance

Prins worked at Chase Manhattan bank after graduation as an analyst. She subsequently moved to two other firms – Bear Stearns in London for seven years and finally at Goldman Sachs for two years, after which she quit Wall Street.[10]

Prins has been a speaker on how to get banks to better serve the real economy at the Federal Reserve, International Monetary Fund and World Bank Annual conference.[11][7] She has also offered public testimony[12] to the U.S Senate speaking on the growing influence of private equity firms and Wall Street greed.

Career as an author

Regarding her book It Takes a Pillage, author Jim Hightower said, "Nomi Prins knows the mind-set, knows how to read spreadsheets, knows the people, and knows Wall Street's games. Nomi knows and now Nomi tells."[13]

Regarding All the Presidents' Bankers:

  • "A calm, authoritative elucidation of verifiable history" – Financial Times
  • "Even those who have read Secrets of the Temple, William Greider's massive and brilliant 1987 exposé of the Federal Reserve, will find Prins's book worth their time. She presents a new narrative, one that shows how the changing cast of six has shaped America's fortunes under presidents in both parties." – American Prospect
  • "Prins divides her justifiably long text into digestible one- to three-page segments and seamlessly incorporates dozens of prominent banker profiles. Her work is highly recommended both to general readers and to students of financial history." – Library Journal
  • "A revealing look at the often symbiotic, sometimes-adversarial relationship between the White House and Wall Street... [A] sweeping history of bank presidents and their relationships with the nation's chief executives" — Kirkus Reviews

Works

Prins's articles have appeared in The New York Times, Fortune, Newsday, Mother Jones, Slate.com, The Guardian, The Nation, The American Prospect, Alternet, New York Daily News, La Vanguardia, and other publications.[14][15] She is a monthly contributor to Tom Dispatch where she offers analysis on the connections between Wall Street and Washington.[16] Her forthcoming book, Permanent Distortion[17] will be out in October 2020. Permanent Distortion details how the movement of money by central banks has influenced global markets and economic policies and furthered the separation between Wall Street and finance - and that of the real economy on Main Street. The Nation Books imprint Bold Type Books published her book Collusion.[18][19]

Books
  • Collusion: How Central Bankers Rigged the World - Publisher: Nation Books (5/1/18): ISBN 978-1568585628. The author claims that central bankers control global markets and dictate economic policy.[20]
  • All the Presidents' Bankers: The Hidden Alliances that Drive American Power – Publisher: Nation Books (4/8/14): ISBN 978-1568587493.
  • It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street – Publisher: John Wiley & Sons (9/22/09); ISBN 0-470-52959-8; ISBN 978-0-470-52959-1.
  • Other People's Money: The Corporate Mugging of America – Publisher: New Press (8/1/06); ISBN 1-59558-063-8; ISBN 978-1-59558-063-4. An account of corporate corruption, political collusion and Wall Street deception. This book was chosen as a Best Book of 2004 by The Economist, Barron's and The Library Journal.
  • Jacked: How "Conservatives" are Picking your Pocket (whether you voted for them or not) – Publisher: Polipoint Press (9/1/06); ISBN 0-9760621-8-6; ISBN 978-0-9760621-8-9. Catalogs her travels around the USA talking to people about their economic lives.[21]
  • Black Tuesday – Publisher: CreateSpace 2011 – ISBN 1-4635-5766-3. A historical novel about the Crash of 1929.

References
  1. "Nomi Prins, PhD". APB Speakers. Retrieved 2022-03-25.
  2. "Nomi Prins".
  3. "After Words with Nomi Prins". Book TV. Retrieved 2015-04-22.
  4. Leopold, Les (November 6, 2009). "To Create Jobs on Main Street, We Need to Kill Jobs on Wall Street". Huffington Post. Retrieved 2012-06-18.
  5. "Bailout Tally Report by Nomi Prins and Krisztina Ugrin". Openpdf.com. September 2009. Retrieved 2012-06-18.
  6. "Top Economists to Advise Sanders on Fed Reform". Sen. Bernie Sanders.
  7. "Bio – Nomi Prins". www.nomiprins.com. 26 July 2019.
  8. Bernie Sanders interviews Nomi Prins C-SPAN interview from November 16, 2009
  9. "About Nomi Prins | Nomi Prins". 26 July 2019.
  10. Sanders, Bernie (1 July 2009). "Interview of Nomi Prins by Bernie Sanders". C-Span2 (Book TV).
  11. Procee, Paul (5 May 2013). "Integrated Safeguards Data Sheet (Appraisal Stage) - Guangxi Laibin Water Environment Project - P126817" (PDF): 1–9. {{cite journal}}: Cite journal requires |journal= (help)
  12. "Warrior Met and Wall Street Greed: What Corporate Raiders are Doing to Workers and Consumers | U.S. Senate Committee On The Budget". www.budget.senate.gov. Retrieved 2022-03-25.
  13. "It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions". Wiley. Archived from the original on 2018-06-28. Retrieved 2012-06-18.
  14. Prins, Nomi (June 14, 2009). "The Big Bank Bailout Payback Bamboozle". Mother Jones. Retrieved 2012-06-18.
  15. "The WIP Contributors : Nomi Prins". The Women's International Perspective. Retrieved 2012-06-18.
  16. "Tom Dispatch". Retrieved 20 April 2017.
  17. Permanent Distortion. 2022-02-07. ISBN 978-1-5417-8907-4.
  18. "The Nation Books".
  19. "Bold Type Books".
  20. Prins, Nomi (May 2018). Collusion: How Central Bankers Rigged the World. ISBN 978-1568585628.
  21. "Authors". The Nation. 2012-02-09. Retrieved 2012-06-18.
External video
Video: Tavis Smiley Interviews Journalist Nomi Prins
All the Presidents’ Bankers, DemocracyNow!
Video: Wall Street's Game, Main Street's Pain
Video: Recovery is not even on horizon

Media related to Nomi Prins at Wikimedia Commons

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.