The Coming Bank Bust
Nomi Prins is author of It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley, September, 2009). Before becoming a journalist, she worked on Wall Street as a managing director at Goldman Sachs, and running the international analytics group at Bear Stearns in London.
This weekend is the one-year anniversary of the bailout. But The Daily Beast's Nomi Prins says the too-big-to-fail banks have only gotten bigger-and much worse could be on its way.
August 2: 7 Best Moments from Sunday Talk
The Daily Beast Video curates the most essential and entertaining video, and brings you original and exclusive productions from our talented contributors.
Timothy Geithner flubs a question about taxes, Michelle Malkin slams the unemployed, and John McCain still stands by his woman. That and more in our Sunday roundup.
7 Best Moments From Sunday Talk
The Daily Beast Video curates the most essential and entertaining video, and brings you original and exclusive productions from our talented contributors.
Pat Buchanan says Bush may be prosecuted, Ahmadinejad supports a two-state solution, and Larry Summers discusses his sleep issues. Watch the best moments from Sunday's talk shows.
7 Best Moments From Sunday Talk
The Daily Beast Video curates the most essential and entertaining video, and brings you original and exclusive productions from our talented contributors.
Rahm gives Bush officials a pass on torture, an ex-CIA chief slams the administration, and Ana Marie Cox fesses up about those tea bag jokes. Watch it all in our Sunday roundup.
What Do They Know That We Don't?
Randall Lane is the former editor-in-chief of Trader Monthly, Dealmaker and P.O.V. Magazines, and the former Washington bureau chief of Forbes.
Even as he talks up the stock market, a Daily Beast exclusive shows the president's top economic advisor trounced the indexes (and Tim Geithner) by putting most of his millions into municipal bonds.
Let Exxon Run the Energy Dept.
Robert Bryce has written for numerous publications ranging from The Atlantic Monthly to The Guardian and The Nation to The American Conservative. His first book, Pipe Dreams: Greed, Ego, and the Death of Enron, was named one of the best non-fiction books of 2002 by Publishers Weekly. His latest book, Gusher of Lies: The Dangerous Delusions of “Energy Independence,” was published in 2008 by PublicAffairs.
Goldman Sachs has had a revolving door into top jobs at the Treasury for years. It's time to end the double standard that stops oil and gas executives from doing the same at Energy.
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
The Daily Beast Video curates the most essential and entertaining video, and brings you original and exclusive productions from our talented contributors.
Peter Beinart, senior political writer for The Daily Beast, is a professor of journalism and political science at City University of New York and a senior fellow at the New America Foundation.
Gerald Posner is The Daily Beast's Chief Investigative Reporter. He's the award-winning author of 10 investigative nonfiction bestsellers, ranging from political assassinations, to Nazi war criminals, to 9/11, to terrorism. His latest book, Miami Babylon: Crime, Wealth and Power—A Dispatch from the Beach, was published in October. He lives in Miami Beach with his wife, the author Trisha Posner.
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