Articles by Nomi Prins
We found 2 results.
Presidents, Bankers, the Neo-Cold War and the World Bank
Nomi Prins – TRANSCEND Media Service,
30 Mar 2015
Behind the bravado of today’s sanctions and austerity measures lies the decision-making alliance that private bankers enjoy in conjunction with government and multinational entries like NATO and the World Bank. Today, the ECB’s QE program funds swanky Frankfurt headquarters and prioritizes Germany’s super-bank, Deutschebank and its bond investors above Greece’s future.
→ read full articleThe Real LIBOR Scandal
Paul Craig Roberts and Nomi Prins – TRANSCEND Media Service,
16 Jul 2012
According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing at these low rates. Whereas this is true, it also strikes us as simplistic and as a diversion from the deeper, darker scandal.
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