Wednesday, October 12, 2011

Nomi Prins on ongoing financial turmoil

There's a new "Corporations and Democracy" show online at Nomi Prins, author and senior fellow at Demos, discusses the continuous banking and financial disaster and what listeners can do about it with hosts Tom Wodetzki and Toni Rizzo.

Nomi is a journalist and senior fellow at Demos. Her latest book is It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley, September, 2009). Her 2004 book, Other People’s Money: The Corporate Mugging of America (The New Press, October 2004) was chosen as a Best Book of the year by The Economist, Barron's and The Library Journal.

She talks about the financial industry's resistance to structural reform, and industry leaders' lack of concern for long-term stability if the regulation that would achieve it comes at the cost of short-term profit.

"Corporations and Democracy" is aired every other week on KZYX&Z-FM, Mendocino County Public Broadcasting in Philo, California.

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