After seven years as a lawyer specializing in public and private securities offerings, I was an investment banker at Goldman Sachs for more than a twelve years and then managed a small advisory firm. I also served as CEO of a firm providing counterparty credit management services in the derivatives...
As protests resume on Wall Street, some in the media are again saying that there is no coherent rationale for the demonstrations. In fact, though, these protesters have chosen the right target: a set of institutions and actors who not only played a central role in creating the financial crisis,...
Demos Senior Fellow Nomi Prins interviewed at Big Think on Wall Street and the economy.
The President’s Rose Garden press conference last week on speculative trading and gas prices has induced a flood of editorials that lecture the administration on the law of supply and demand. President Obama pressed for renewed scrutiny of excessive speculation and manipulation in oil...
NEW YORK--SnagFilms, one of the world’s leading distributors of independent films to digital platforms, will debut the new film #whilewewatch with a free, live, world premiere streaming event on Thursday, April 26th. The event is being presented in partnership with the non-profit, non-partisan...
The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and the Securities and Exchange Commission, each of which is writing derivatives...
When the banking system reached the precipice of a total collapse in 2008, the U.S. government bailed it out with direct cash infusions as well as a system rigged to allow the banks to “earn” their way out of the mess. They were allowed to borrow for nothing and the Fed jacked up...
Here we go again. Another round of the game we call Congressional Creep. After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture in the body politic, and the president signs it into law. But the fight’s just begun, because the special interests...
Demos' Heather McGhee goes on The Dylan Ratigan Show to discuss the STOCK Act and the importance of regulating the revolving door between Wall Street and Washington.
One of few clear-cut ways to decrease gas prices is to reel in Wall Street speculation. Wall Street speculation drives up oil prices because it distorts the perception of oil supply. In response to increasing tensions in the Middle East, Wall Street speculators are hoarding crude oil contracts,...