( – promoted by buhdydharma )
The easiest way is to steal $26,000 from you. And then steal $26,000 from everyone you know. And then steal $26,000 from everyone you don’t know.
Nomi Prins is a journalist and Senior Fellow at Demos. She writes about politics, money and relationships.
Nomi is the author of Other People’s Money: The Corporate Mugging of America and also author of Jacked: How “Conservatives” are Picking your Pocket.
Before becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, and running the international analytics group at Bear Stearns in London.
Financial “bailouts” spending your money just since Monday this week… yes, since two days ago… have been over One Trillion Dollars.
With the credit crisis continuing to worsen, the US federal government is pledging a seemingly endless amount of money to shore up failing institutions hit hard by toxic assets. Federal government pledges now top $8 trillion with the most recent $800 billion announced Tuesday.
The Real News Network spoke to journalist and author Nomi Prins.
Real News: November 26, 2008 – 8 min 54 sec
Bailout costs $8.5 trillion
The US Federal Government has pledged $8.56 trillion in economic bailout for financial institutions so far