Commentator and author Nomi Prins' work focuses on the bank bailouts and the economic crisis. Now she's turned her financial expertise into an historical novel set during the stock market crash of 1929. How do the class and power issues from the Depression relate to our current situation? What...
During this event at The Strand bookstore in New York City, Demos Senior Fellow Nomi Prins was joined in discussion by journalist Matt Taibbi. They discussed Prins' new novel "Black Tuesday" and #OccupyWallStreet, among other topics. Demos' Rich Benjamin moderated the event, which was co-...
Truthout Interviews Whistleblower-Novelist Nomi Prins: Mark Karlin: Given your expertise in understanding the corruption of Wall Street, what did you find in the practices of the financial world leading up to the 1929 crash that presaged the 2007 crisis? Nomi Prins: Into the crash of 1929,...
Demos' Heather McGhee goes on FOX News to defend Move Your Money Campaign and advocate holding the powerful banks accountable.
Michael Kazin, author of "American Dreamers: How The Left Changed A Nation," was joined by Occupy Wall Street organizer Kelly Heresy and C. Edwin Baker Fellow at Demos Rakim HD Brooks for a conversation on his book and the contemporary left. Demos President Miles Rapoport introduced the event that...
Today the average college grad leaves school with just over $24,000 in debt, an amount that eats up $276 every month if you stretch the payments out over ten years and it’s a government loan with a 6.8 percent interest rate. Of course, one out of five students also carries more costly private loans...
All together, the finance sector is the top spender on lobbying between the years of 1998 and 2011, according to the Center for Responsive Politics, having poured $4,631,844,938 into lobbyists’ pockets. $230,200,953 of that came directly from the five banks surveyed here. And what did they...
Leila Khan is a beautiful, enterprising immigrant, struggling to find her purpose in a tumultuous America. Her Wall Street diner job introduces her to banker, Roderick Morgan – a haunted alcoholic controlled by his ruthless uncle, bank mogul Jack Morgan. As Leila and Roderick’s flirtations deepen...
Draut argues that #ows is an understandable product of a hostile economic environment.
Economic inequality – the meta concern of the Wall Street protesters – is not an issue that typically gets much traction in American politics. Anger at the Haves tends to surge when times are tough, only to melt away when former Have Nots are again flush enough to go back to the mall. A year ago,...