Whoever Wins, the Banks Won't Lose

October 25, 2004 | Guardian |

Senior Fellow Nomi Prins argues that real reform of the banking industry is unlikely to occur no matters who wins the 2004 election.

After the bank-inspired corporate implosions came finger pointing, job cutting, and benefit slashing. Inculpability ran rampant — in the boardroom, on Wall Street and in Washington. It was "the economy" that hurt the economy, not the corporate debt overhang, cooked books, faux stock market or loose policy.