Financial analyst, Author and former Goldman Sachs Managing Director, Nomi Prins sits down with EIR’s Paul Gallagher to discuss just how rotten the current financial system is, making a sobering case that we are far worse off today than we were before the 2007-08 crisis. Prins refers to her political and financial road map for 2017, (nomiprins.com) and discusses the important, combined role China and Japan can play in bringing the US back from the brink and into the new paradigm of investment in the real economy. Here is a direct video link.
Prins: In investment banking, “If you are telling a client what their downside risk is…you might not make the sale…you’re not making money…so that wasn’t wanted.”
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