Nomi Prins, former Wall Street trader and author of It Takes a Pillage, says that the current financial reform legislation is like throwing your extra junk in the attic and pretending that your house is clean. She says that it allows banks to keep all sorts of securities off their balance sheets—that it does nothing to prevent, in short, the kind of shady dealings that helped land us in this financial mess to begin with.
Together with Roosevelt Institute Fellow and blogger Mike Konczal, Nomi joins Laura in studio to discuss the financial reform legislation, its chances of passage, and what it would do—and wouldn’t.
Matching Opportunity Extended: Please support Truthout today!
Our end-of-year fundraiser is over, but our donation matching opportunity has been extended! Today, all donations to Truthout will be matched dollar for dollar. Your one-time gift today will be matched immediately. As well, your monthly donation will be matched for the whole first year, doubling your impact.
This matching gift comes at a critical time. Trump has made it no secret that he is planning a demolition-style attack on both specific communities and democracy as a whole, beginning on his first day in office.
Help us prepare for Trump’s Day One, and have your donation matched today!