2 of 2 people found the following review helpful
5 Star Book on all accounts; on Wall St., you could give it 6 Stars!!,
This review is from: It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions (Kindle Edition)While it is a bit dated, the information is as relevant today as it was then. The level of deceit and corruption in our banking and political system is beyond comprehension and Prins nails it. Incredibly researched, factual to back up the story line. Fast forward to day and the goings on with Fed and Wall St, and the "bail in's" and "cashless" meme, given this level of fact and detail, gets one to understand we were, are and will be in more trouble very soon.
Well written; not your average business/investment book. Makes the subject matter and storyline interesting and exciting even though you know the ending. How we got there is a story never told until Prins tackled this complex issue.
While movies like the Big Short are entertaining while giving you a glimpse into the Casino of Wall St, Prins rips the doors off the whole charade we all are paying and will pay more to be part of this cycle of corruption and egocentric politicians and bankers.
She's an... Read more
17 of 17 people found the following review helpful
This review is from: It Takes a Pillage: Behind the bailouts,bonuses, and backroom deals (Hardcover)This book provides a close up and extremely hard-hitting look at how reckless management, greed and out-right stupidity made it possible for the large investment banks on wall street to bring out economy to the brink of destruction. Nomi Prins does clearly has the personal history and knowledge to back up her belief that before this "economic down-turn" is over more that $13 TRILLION of wealth will be transferred from the tax-payers to the very same firms that knowingly inflated this bubble, packaged up bad loans with ridiculously high default rates into shiny new pieces of paper lovingly stamped AAA by the ratings agency, created a demand for them and then shorted them on the quick. It describes how virtually all government regulation was systematically dismantled by their puppets in DC.
It seems like the book was written to elicit a specific response from the readers...rage. The author does not pull any punches and does a very nice job of boiling down complex... Read more
148 of 154 people found the following review helpful
Bitch-slapped Back to Reality,
This review is from: It Takes a Pillage: Behind the bailouts,bonuses, and backroom deals (Hardcover)By Steven D. Wexler
Abe Lincoln used to ask, "If you call the tail of a dog a leg, how many legs does that dog have?" Whenever somebody answered "Five," he would say, "No. Calling a tail a leg doesn't make it a leg." He was referring to slavery, and the habit of euphemizing it as "our peculiar institution." Few bothered to challenge this. Harriet Beecher Stowe was one; she presented slavery as it really was: brutal, inexorable, shameful and turning our entire nation into what many northerners called a shamocracy, rather than a democracy.
In Nomi Prins' recent book, IT TAKES A PILLAGE, she hoists politician after politician and banker after mega-banker upon their own petards, as they pop off their flatulent laissez-faire euphemisms. Like Ellen Brown in CounterPunch (October 2, 2009), Matt Taibbi in Rolling Stone (October 15) and Morgan Ibarra in The Humanist (September/October), she fleshes out the rape and pillage of the economy by the kleptocrats of our... Read more