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Other People's Money: The Corporate Mugging of America

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3.59 of 5 stars 3.59  ·  rating details  ·  29 ratings  ·  5 reviews
Critical, independent voices are seldom found within the citadels of international finance. That’s what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning cor ...more
Paperback, 342 pages
Published August 1st 2006 by The New Press (first published August 1st 2004)
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Robert Corbett
This book is a must read, even though it is about the roots of the previous bubble' implosion, since nearly all the factors behind the current one--except for massive mortgage fraud--were there in 2001 when Enron (and others) was revealed to be a house of cards sucking up the income of ordinary people. (Enron was essentially a hedge fund on top of a small energy services corporation, as AIG has been revealed to be a hedge fund on top of the assets of depositors and insurees.) If you thought the ...more
Sean
First I should note that as we go back further and further, my memories of these books are on occasion going to get dimmer and dimmer (I read Prins’s book, for example in early 2005).

That being said, I remember enjoying it as a good skewer of the financial world from a woman who was a part of it (Prins is a former director at legendary Goldman Sachs, and , last time I checked, now works for a progressive think tank). I have to say my politics aren’t nearly as left wing economically as they were
...more
Amber
Picked this one up to get a better handle on the current economy. The book is about what led up to the bubble burst around 2001. It's written by a woman who worked for all the big names...lehman brothers, goldman sachs, bear stearns. It's pretty dense, lots o' econ speak. But it's interesting to understand how the things that were happening 8 or 9 years ago have shaped the current state of the economy.
Diane C.
Some of it is pedantic finance speak, but most of it is a clear and eagle eye look at our disastrous financial system, dominated by corporations run amuck.

It was published in 2004, and illustrates why we revisited a crash, an even worse one, in 2008 and currently.
Jim Noyes
well documented, clear narrative of how corporate malfeasance happened. you won't find this detail, in a readable, interesting form, many other places
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Nomi Prins is a journalist, speaker and Senior Fellow at Demos. Her new book All the Presidents' Bankers: The Hidden Alliances that Drive American Power is out April 8, 2014. She is also the author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street, Other People's Money: The Corporate Mugging of America, a devastating expose into corporate co ...more
More about Nomi Prins...
All the Presidents' Bankers: The Hidden Alliances that Drive American Power It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street Black Tuesday Jacked: How "Conservatives" Are Picking Your Pocket (Whether You Voted for Them or Not) All the Presidents' Bankers: The Hidden Alliances That Drive American Power

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