It Takes a Pillage: Behind the Bonuses, Bailouts, And Backroom Deals From Washington To Wall Street

Email To A Friend

Text and Video from Democracy Now

Nomi Prins is a former investment banker turned journalist.  She worked at Goldman Sachs and Bear Stearns.  She is the author of several books; her latest, just out, is called It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street.   She spoke on the themes of the book at the Strand Bookstore in New York on September 29th.

Meet The Hazzards

Paulson's Revealing Phone Records

Goldman Sachs Strikes Gold Again

How You Finance Goldman's Profits

The Big Bank Bailout Payback Bamboozle

Nomi Prins, former Goldman exec, now journalist turncoat.

Watch

**********************************************************************************************

Email To A Friend

Post To Facebook

Scroll Our Recent Stories

Thank You!

 PLEASE email, facebook, re-tweet, share and take our stories with you when you leave.  Our only weapon against the madness is GREATER AWARENESS.  Thank you for helping.

Comments

[DailyBail]

http://www.democracynow.org/2009/6/22/report_goldman_sachs_on_pace_to

The Guardian newspaper reports staff at Goldman Sachs can look forward to the biggest bonus payouts in the firm’s 140-year history after a spectacular first half of the year, sparking concern that the big investment banks which survived the credit crunch will derail financial regulation reforms. We speak to Nomi Prins, a former managing director for Goldman Sachs in New York, about the possible record bonuses, President Obama’s proposed reforms of the financial regulatory system and the “The Big Bank Bailout Payback Bamboozle.” [includes rush transcript]

[DailyBail]

http://www.democracynow.org/blog/2009/10/6/nomi_prins

Has transcript from the video in the story above....

[DailyBail]

Paulson's Revealing Phone Records
http://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/

[DailyBail]

Four Banks in Govt’s ‘Healthy Bank’ Bailout Struggle to Survive
http://www.propublica.org/ion/bailout/item/four-banks-in-govts-healthy-bank-bailout-struggle-to-survive-1019#12696


Ireland says "bad bank" to be off balance sheet
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLK51280220091020

[DailyBail]

European finance ministers said they were stunned by an estimate placing Greece's deficit at more than 10 percent of the country's gross domestic product.
http://www.upi.com/Business_News/2009/10/20/Greeces-off-estimate-deficit-startles-EU/UPI-90701256063584/

[DailyBail]

Timmy's Telephone Travesty
http://www.thedailybeast.com/blogs-and-stories/2009-10-08/timmys-telephone-travesty/

by Simon Johnson

[DailyBail]

Bailout watchdog expects much to remain unrefunded
http://apnews.myway.com/article/20091021/D9BFFSOG0.html

[DailyBail]

Dems seek cover to boost debt limit
http://www.politico.com/news/stories/1009/28586_Page2.html

[DailyBail]

Party Photos...
http://www.vanityfair.com/online/daily/2009/10/is-andrew-ross-sorkin-more-powerful-than-obama.html

[DailyBail]

Debt perspective
http://www.economist.com/blogs/freeexchange/2009/10/debt_perspective.cfm

[DailyBail]

HONG KONG (Reuters) - The United States, which posted a record deficit in the last fiscal year, may lose its Aaa-rating if it does not reduce the gap to manageable levels in the next 3-4 years, Moody's Investors Service said on Thursday.
http://www.reuters.com/article/newsOne/idUSTRE59L1N620091022

[DailyBail]

The inflationary threat to stocks
http://blogs.reuters.com/rolfe-winkler/2009/10/20/the-inflationary-threat-to-stocks/

[DailyBail]

Carnegie Hall Stagehand Moving Props Makes $530,044
http://www.bloomberg.com/apps/news?pid=20601109&sid=agzioCanEd0s

[DailyBail]

Rattner: You Won't Believe How Incompetent GM's Management Was
http://money.cnn.com/2009/10/21/autos/auto_bailout_rattner_excerpt.fortune/?postversion=2009102103

[DailyBail]

How Paulson gave Goldman the Lehman heads-up
http://blogs.reuters.com/felix-salmon/2009/10/21/how-paulson-gave-goldman-the-lehman-heads-up/

[DailyBail]

Citi Jacks Credit Card Rates To 29.99% On Unsuspecting Customers (C)
http://www.businessinsider.com/citi-customers-reach-out-to-us-2009-10

[DailyBail]

Home buyer tax credit fraud
http://www.publicradio.org/columns/marketplace/scratchpad/2009/10/home_buyer_tax_credit_fraud.html


The IRS Does Not Make People Claiming The Homebuyer Tax Credit Prove They Bought A House

[gobias]

"Government is not a solution to our problem, government is the problem." -- Ronald Reagan

DB...The IRS Does Not Make People Claiming The Homebuyer Tax Credit Prove They Bought A House

Please don't tell me you are surprised that Obama can't run our government. Oh, I'm sorry, are we ready to start mentioning Obama?

The $313 billion savings is in large part made up of savings from three big areas: $110 billion from incorporating productivity adjustments and Medicare payments, $106 billion from reducing disproportionate hospital payments and $75 billion from better pricing of Medicare drugs. “These savings will come from common sense changes,” Obama said in the address, “For example, if more Americans are insured, we can cut payments that help hospitals treat patients without health insurance. If the drug makers pay their fair share, we can cut government spending on prescription drugs. And if doctors have incentives to provide the best care instead of more care, we can help Americans avoid the unnecessary hospital stays, treatments and tests that drive up costs.”

Are you starting to doubt Barry the Messiah? Say it isn't so. He is a community organizer, this must be a mistake.

Obama said, "we can help Americans avoid the unnecessary hospital stays, treatments and tests that drive up costs.” Read this again and then read it again and then read it one more time. What do you think the word “help” means? Sarah Palin thought that help meant death panels. You can't blame Bush forever. It is time to talk about our pal Barry. It is time to help expose him as a fraud and put an end to his crazy socialist plan.

I know you can see it too.

[gobias]

http://www.youtube.com/watch?v=oYjyvkR0bGQ

What fun!

[DailyBail]

Who has watched this clip?

She did an outstanding job...here's another article of hers that we found...

http://www.alternet.org/politics/140291/10_sleazy_ways_that_goldman_sachs_distracted_us_while_pocketing_billions_from_the_treasu?page=2

[Wil Martindale]

There's nothing like a REFORMED insider to speak the real deal when they turn that leaf. Scopelabs is run by another one, and Max Keiser seems to fit the mold.

Meanwhile, back at your-own-pocket central, make way for the next surprise bailout tax headed for YOUR mailbox.
http://letthemfail.us/archives/2439
--WM

[Sell Short]

Wow Nomi looks very Yummy!!

[James H]

Nice article Wil. I imagine even more of this will be coming next fiscal year. Will there be another Federal bailout of the states? Obviously not if we can do anything about it.

Here in my county, the Sherriff's office has contemplated adding a "surcharge" to traffic tickets. Other armed tax collectors are talking of doing the same.

And already I've seen more patrol cars waiting at "prime" ticket spots than I've ever seen before.

Good luck getting info out of your county officials. Should be, um, interesting.

[James H]

More yummy Nomi. Should Geithner be the next Fed Chairman?

"Geithner, first of all, WAS the Fed, as much as Ben Bernanke IS the Fed." (Heh, she's just gettin' started...)
http://www.youtube.com/watch?v=2yP_Y2v-jG0

[James H]

DB, if I've missed this above, I apologize, but this is an awesome interview with Prins. It's got everything -- pillage, pitchforks, the whole deal.
http://www.youtube.com/watch?v=jUaiN56_M3k (Pt. 2 of 2)

Here's Pt. 1.
http://www.youtube.com/watch?v=G3cKi0DDwUY

[James H]

Found this, too. Nomi Prins was on the right side back in September. Here she is on The Real News. She doesn't buy the "We're all going to die" argument. It's WMD all over again. "This will stabilize the markets for like a day or two..."
http://www.youtube.com/watch?v=3_URZ9kCz2Y

[Sell Short]

Daily,
I couldnt believe the notice from CITI I got the other day! 29.9% is straight rape!

[James H]

SS, please tell me you don't keep a balance. And please tell me you will call (India, Cayman Islands...?) straight away, and tell them to piss off.

Puke on Citi!

BTW, I saw one of these on Market Ticker --- it looked fake. So they're really that dumb, huh?

[S. Gompers]

Yes, the taxpayer will pay on both ends...

[DailyBail]

excellent clips, james...gives me plenty to do my next post on Nomi...thanks...

@SS...dump the citi card quickly...they don't deserve your business...

[DailyBail]

"Nice article Wil. I imagine even more of this will be coming next fiscal year. Will there be another Federal bailout of the states? Obviously not if we can do anything about it."

Happening here as well...already seeing fees and taxes rise locally...

[Sell Short]

I never carry any balances on my cards.

[<a href="https://www.vapeciga.com/collections/vapo]

vape

[Bangalore Medical College and Research Institute]

https://bmcri.org

[Bangalore Medical College and Research Institutei]

Bangalore Medical College and Research Institute