Nomi Prins talks about her book It Takes a Pillage and the failure to solve the financial crisis. Mark Lysgaard reads some poems from his book Babbling On In Babylon. Prins, a former managing director at Goldman Sachs, reveals the total amount of cash and credit extended to banks and financial institutions is over $13 Trillion! She explains the culture, chemistry and politics of the industry, and names names. We talk about the myth of the “success” of TARP and Barney Frank’s re-regulation proposals. Prins says the real fix is to reinstate the Glass-Steagall act. Lysgaard takes the news of the day and writes incisive poems.
