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It Takes a Pillage Nomi Prins

It Takes a Pillage By Nomi Prins

It Takes a Pillage by Nomi Prins


$26.49
Condition - Very Good
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Summary

Nomi knows. Having been at Goldman Sachs, 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.

It Takes a Pillage Summary

It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions by Nomi Prins

A former Wall Street manager turned muckraking journalist gets inside how the banks looted the Treasury, stole the bailout, and continued with business as usual We all watched as packs of former Big Financiers commandeered posts in Washington and lavished trillions in bailouts to save big Wall Street firms that used that money for anything and everything except to fill in Main Street's potholes. We all watched as Wall Street heavyweights fought tooth and nail to declaw financial reform and won. Former Wall Streeter Nomi Prins has been watching, too, and she is not going to let them get away with it. More than just an angry populist, commentator stuck on the sidelines, Prins understand Big Finance and big money and big schemes-and in this book she exposes the fundamental follies of our economic system and the schemes of the bigwigs who have no intention of letting it change. * Remarkably combines detail, clarity, and narrative momentum, revealing all the ways in banks gamed the system to get the most money with the least oversight. * Exposes the power-bankers who bagged more than $5 billion in compensation before and after their companies grabbed more than a trillion dollars in federal bailout subsidies-and how the government's indignation at this didn't lead to change. * Shows how the most egregious pillagers work at the Fed and Treasury department, detailing how Hank Paulson, Ben Bernanke, and Tim Geithner siphoned off $10.7 trillion from the public's future for Big Finance's present, all the while telling us it was for our own good. * Slams a financial system that will not change, if our government doesn't force it to change, no matter what happens in the so-called free market and why the 'sweeping' financial reform bill passed after Wall Street reconsolidated its power, is anything but sweeping or reformative. * Written by a former managing director at Goldman Sachs, now a senior fellow at Demos, who writes regularly on corruption in Washington and Wall Street for news outlets ranging from Fortune to Mother Jones. If you're still enraged and frustrated with how the bank bailout went bust for the American people, or how Wall Street continues to operate as if the rest of the world doesn't matter, or how the banks are once again rolling in outsized profits and obscene bonuses while average Americans continue to struggle through a bleak landscape of foreclosures and job loss, It Takes a Pillage gives voice to your outrage, and provides a deeper insight into what we really have to be angry about and how we can fight for some real change.

About Nomi Prins

NOMI PRINS is a former managing director at Goldman Sachs, now a senior fellow at Demos, who writes on corruption in Washington and on Wall Street for Fortune , Mother Jones , AlterNet , the New York Times , the Daily Beast , and other publications. She is a frequent guest on national radio and television, including NPR, The NewsHour , and various CNBC, CNN, and Fox TV programs. Her previous books are Other People's Money and Jacked . Visit her Web site at www.nomiprins.com

Table of Contents

Acknowledgments. Introduction: The More Wall Street Changes, the More It Stays the Same. 1 Where'd the Bailout Money Go, Exactly? 2 This Was Never about the Little Guy. 3 Everybody Wants to Be a Bank. 4 Government Sachs. 5 We Already Have a Bad Bank: It's Called the Federal Reserve 6 Everyone Saw This Coming. 7 Bonus Bonanza. 8 Big Banks Mean Big Trouble. 9 Change, Really? The Real Numbers: Bailout, TARP, and CEO Compensation. Notes. Index.

Additional information

GOR005344110
9780470928554
0470928557
It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions by Nomi Prins
Used - Very Good
Paperback
John Wiley and Sons Ltd
20110826
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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