Ex-Goldmanite Nomi Prins Fears Return of 1930s Great Depression: Interview

by Maria Kolesnikova, Bloomberg.com:

The conditions that led to the birth of Occupy Wall Street are very similar to those before the Great Depression, says former Goldman Sachs Group Inc. (GS) managing director Nomi Prins.

Prins is the author of “Black Tuesday,” a novel set in 1929 and ‘30 in which the heroine accidentally discovers dark secrets at the nation’s largest bank. Prins has also written three nonfiction books, including “It Takes a Pillage: Behind the Bailouts, Bonuses and Backroom Deals From Washington to Wall Street” (2009).

In an interview at Bloomberg world headquarters in New York, we discussed the past and future of the financial system and the mistakes policy makers are repeating.

Onaran: Why did you go for fiction this time?

Prins: Read More @ Bloomberg.com