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Nomi Prins

January 31, 2023

Nomi Prins is an American economist,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
NationalityAmerican
EducationFederal University of Rio Grande do Sul (PhD)
New York University (MS)
State University of New York at Purchase (BS)
Alma materLeonard N. Stern School of Business
Occupation(s)Author, Journalist and former Distinguished Senior Fellow at Demos
Known forCollusion: How Central Bankers Rigged the World
All the Presidents' Bankers: The Hidden Alliances that Drive American Power
It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street
Black Tuesday
Other People's Money: The Corporate Mugging of America
Websitenomiprins.com

Before becoming a journalist and public speaker, Prins had a very successful career in finance, reaching the upper echelons of Wall Street. She worked as a managing director at Goldman Sachs, senior managing director at Bear Stearns in London, senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins was also a Distinguished Senior Fellow at Demos think tank from 2002 to 2016.[2]

Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Power. Based on original archival documents, the book explores over a century of close relationships between the 19 presidents from Teddy Roosevelt to Barack Obama and the key bankers of their day, and analyzes how they shaped US domestic and foreign policy. 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 other regulatory reform of the financial industry. She was a member of Senator Bernie Sanders' panel of expert economists formed to advise on reforming the Federal Reserve.[6]

Personal

Nomi Prins was born in upstate New York, the oldest child in her family. Her father Jack worked for IBM after having taught at the local college as a mathematics professor. Jack Prins received a masters degree from Rutgers University and a PHD from NYU in statistics.

Education

Prins 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] She 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

After graduating, Prins started at Chase Manhattan bank as an analyst, after which she worked as a senior strategist for Lehman Brothers. In 1993 she moved to Bear Stearns in London, where she led the international analytics group as a senior managing director. Finally, she worked for two years as a managing director at Goldman Sachs, until she quit Wall Street.[10] Prins was then a Distinguished Senior Fellow at the US think tank Demos from 2002 to 2016.

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 latest book, Permanent Distortion[17] was released in October 2022. 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 the real economy. The Nation Books imprint Bold Type Books published her book Collusion.[18][19]

Books

  • Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever – Publisher: Public Affairs (10/11/22): ISBN 978-1541789067.
  • 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. from the original on 2021-07-29. Retrieved 2022-03-25.
  2. ^ "Nomi Prins". from the original on 2020-11-27. Retrieved 2020-11-16.
  3. ^ "After Words with Nomi Prins". Book TV. from the original on 2015-09-10. 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. from the original on 2012-05-03. Retrieved 2012-06-18.
  5. ^ "Bailout Tally Report by Nomi Prins and Krisztina Ugrin". Openpdf.com. September 2009. from the original on 2017-11-09. Retrieved 2012-06-18.
  6. ^ "Top Economists to Advise Sanders on Fed Reform". Sen. Bernie Sanders. from the original on 2018-01-13. Retrieved 2018-02-06.
  7. ^ a b "Bio – Nomi Prins". www.nomiprins.com. 26 July 2019. from the original on 2 March 2017. Retrieved 1 March 2017.
  8. ^ Bernie Sanders interviews Nomi Prins 2017-04-05 at the Wayback Machine C-SPAN interview from November 16, 2009
  9. ^ "About Nomi Prins | Nomi Prins". 26 July 2019. from the original on 29 October 2020. Retrieved 15 November 2020.
  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. (PDF) from the original on 7 February 2018. Retrieved 6 February 2018. {{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. from the original on 2022-04-06. Retrieved 2022-03-25.
  13. ^ . 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. from the original on 2012-06-17. Retrieved 2012-06-18.
  15. ^ "The WIP Contributors : Nomi Prins". The Women's International Perspective. from the original on 2012-05-13. Retrieved 2012-06-18.
  16. ^ "Tom Dispatch". from the original on 27 March 2017. Retrieved 20 April 2017.
  17. ^ Prins, Nomi (2022-02-07). Permanent Distortion. ISBN 978-1-5417-8907-4. from the original on 2022-06-14. Retrieved 2022-03-25.
  18. ^ "The Nation Books". from the original on 2017-04-21. Retrieved 2017-04-20.
  19. ^ "Bold Type Books". from the original on 2020-09-20. Retrieved 2020-11-15.
  20. ^ Prins, Nomi (May 2018). Collusion: How Central Bankers Rigged the World. ISBN 978-1568585628.
  21. ^ "Authors". The Nation. 2012-02-09. from the original on 2010-04-29. Retrieved 2012-06-18.

External links

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

  • Official website
  • Appearances on C-SPAN  

January 31, 2023
nomi, prins, american, economist, author, journalist, public, speaker, writes, about, wall, street, economy, nomi, prinsprins, june, 2017, congressional, briefingbornpoughkeepsie, yorknationalityamericaneducationfederal, university, grande, york, university, s. Nomi Prins is an American economist author journalist and public speaker 1 who writes about Wall Street and the US economy Nomi M PrinsPrins in June 2017 at a Congressional briefingBornPoughkeepsie New YorkNationalityAmericanEducationFederal University of Rio Grande do Sul PhD New York University MS State University of New York at Purchase BS Alma materLeonard N Stern School of BusinessOccupation s Author Journalist and former Distinguished Senior Fellow at DemosKnown forCollusion How Central Bankers Rigged the World All the Presidents Bankers The Hidden Alliances that Drive American Power It Takes a Pillage Behind the Bonuses Bailouts and Backroom Deals from Washington to Wall Street Black Tuesday Other People s Money The Corporate Mugging of AmericaWebsitenomiprins comBefore becoming a journalist and public speaker Prins had a very successful career in finance reaching the upper echelons of Wall Street She worked as a managing director at Goldman Sachs senior managing director at Bear Stearns in London senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank Prins was also a Distinguished Senior Fellow at Demos think tank from 2002 to 2016 2 Prins is known for her book All the Presidents Bankers The Hidden Alliances that Drive American Power Based on original archival documents the book explores over a century of close relationships between the 19 presidents from Teddy Roosevelt to Barack Obama and the key bankers of their day and analyzes how they shaped US domestic and foreign policy 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 other regulatory reform of the financial industry She was a member of Senator Bernie Sanders panel of expert economists formed to advise on reforming the Federal Reserve 6 Contents 1 Personal 2 Education 3 Career in finance 4 Career as an author 5 Works 5 1 Books 6 References 7 External linksPersonal EditNomi Prins was born in upstate New York the oldest child in her family Her father Jack worked for IBM after having taught at the local college as a mathematics professor Jack Prins received a masters degree from Rutgers University and a PHD from NYU in statistics Education EditPrins 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 She 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 EditAfter graduating Prins started at Chase Manhattan bank as an analyst after which she worked as a senior strategist for Lehman Brothers In 1993 she moved to Bear Stearns in London where she led the international analytics group as a senior managing director Finally she worked for two years as a managing director at Goldman Sachs until she quit Wall Street 10 Prins was then a Distinguished Senior Fellow at the US think tank Demos from 2002 to 2016 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 EditRegarding 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 expose 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 ReviewsWorks EditPrins 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 latest book Permanent Distortion 17 was released in October 2022 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 the real economy The Nation Books imprint Bold Type Books published her book Collusion 18 19 Books Edit Permanent Distortion How the Financial Markets Abandoned the Real Economy Forever Publisher Public Affairs 10 11 22 ISBN 978 1541789067 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 amp 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 Edit Nomi Prins PhD APB Speakers Archived from the original on 2021 07 29 Retrieved 2022 03 25 Nomi Prins Archived from the original on 2020 11 27 Retrieved 2020 11 16 After Words with Nomi Prins Book TV Archived from the original on 2015 09 10 Retrieved 2015 04 22 Leopold Les November 6 2009 To Create Jobs on Main Street We Need to Kill Jobs on Wall Street Huffington Post Archived from the original on 2012 05 03 Retrieved 2012 06 18 Bailout Tally Report by Nomi Prins and Krisztina Ugrin Openpdf com September 2009 Archived from the original on 2017 11 09 Retrieved 2012 06 18 Top Economists to Advise Sanders on Fed Reform Sen Bernie Sanders Archived from the original on 2018 01 13 Retrieved 2018 02 06 a b Bio Nomi Prins www nomiprins com 26 July 2019 Archived from the original on 2 March 2017 Retrieved 1 March 2017 Bernie Sanders interviews Nomi Prins Archived 2017 04 05 at the Wayback Machine C SPAN interview from November 16 2009 About Nomi Prins Nomi Prins 26 July 2019 Archived from the original on 29 October 2020 Retrieved 15 November 2020 Sanders Bernie 1 July 2009 Interview of Nomi Prins by Bernie Sanders C Span2 Book TV Procee Paul 5 May 2013 Integrated Safeguards Data Sheet Appraisal Stage Guangxi Laibin Water Environment Project P126817 PDF 1 9 Archived PDF from the original on 7 February 2018 Retrieved 6 February 2018 a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help 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 Archived from the original on 2022 04 06 Retrieved 2022 03 25 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 Prins Nomi June 14 2009 The Big Bank Bailout Payback Bamboozle Mother Jones Archived from the original on 2012 06 17 Retrieved 2012 06 18 The WIP Contributors Nomi Prins The Women s International Perspective Archived from the original on 2012 05 13 Retrieved 2012 06 18 Tom Dispatch Archived from the original on 27 March 2017 Retrieved 20 April 2017 Prins Nomi 2022 02 07 Permanent Distortion ISBN 978 1 5417 8907 4 Archived from the original on 2022 06 14 Retrieved 2022 03 25 The Nation Books Archived from the original on 2017 04 21 Retrieved 2017 04 20 Bold Type Books Archived from the original on 2020 09 20 Retrieved 2020 11 15 Prins Nomi May 2018 Collusion How Central Bankers Rigged the World ISBN 978 1568585628 Authors The Nation 2012 02 09 Archived from the original on 2010 04 29 Retrieved 2012 06 18 External links EditExternal 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 Official website Appearances on C SPAN Retrieved from https en wikipedia org w index php title Nomi Prins amp oldid 1136609475, wikipedia, wiki, book, books, library,

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