Nomi Prins is an American author, journalist, and public speaker who writes about Wall Street and the American economy. Prins worked as a managing director at Goldman Sachs for 2 years and as a Senior Managing Director at Bear Stearns for 7 years, and was a senior strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. 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 original 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, for her published spending figures on federal programs and initiatives related to the 2008 bailout, 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.
During her last year, Prins worked part-time at Chase Manhattan bank, which she joined full-time 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. She has presented to numerous venues including the Federal Reserve, International Monetary Fund and World BankAnnual conference. There she covered the topic of how to get banks to better serve the real economy.
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." 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... 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 YorkDaily News, La Vanguardia, and other publications. She is a monthly contributor to Tom Dispatch where she offers analysis on the connections between Wall Street and Washington. Currently, she is working on her latest book that will focus on the movement of money by central banks to influence global markets and economic policy in the domestic and global scale. The Nation Books holds the worldwide English rights to the forthcoming publication.
Books
: How Central Bankers Rigged the World - Publisher: Nation Books :. The author claims that central bankers control global markets and dictate economic policy.
All the Presidents' Bankers: The Hidden Alliances that Drive American Power - Publisher: Nation Books :.
It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street - Publisher: John Wiley & Sons ; ;.
Other People's Money: The Corporate Mugging of America - Publisher: New Press ; ;. 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 - Publisher: Polipoint Press ; ;. Catalogs her travels around the USA talking to people about their economic lives.
