Former banker Nomi Prins says central bankers are still rigging the economy
On this edition of Your Call, we rebroadcast our conversation with former investment banker Nomi Prins about her new book, Collusion: How Central Bankers Rigged the World.
Prins argues that since the global financial crisis, big banks have massively profited from access to cheap money. She writes, "No significant regulations have been introduced to fix the structural problems behind the last financial crisis. Banks and the markets have been subsidized by conjured-money policy." She calls it a heist that enables the most powerful banks and central bankers to run the world. How can this rigged system be dismantled?
Nomi Prins, author of Collusion: How Central Bankers Rigged the World, former managing director at Goldman Sachs and senior managing director at Bear Stearns