Nomi Prins, author of the FDL Book Salon feature “It Takes A Pillage“, was a first-time guest today on MSNBC’s newest offering: “Morning Meeting” (hosted by former CNBC anchor Dylan Ratigan). I first learned about Prins, a former Goldman Sachs managing partner, when FDL Book Salon featured her first book: “Other People’s Money”, and now any time I see her name, I take time to check out what she has to say.
Prins’ ability to explain complex ideas and synthesize key points is superb — one can easily see why she moved up the corporate ladder, because her ability to explain the significance of details in a sea of data is impressive.
Fortunately, she was a guest today on “Morning Meeting”, along with the equally articulate Eliot Spitzer.
Why is Spitzer’s expertise invaluable? If you check out the date on which he was ‘outed’ for his private economic transactions, you’ll discover that Spitzer was headed to testify before a Congressional committee about the extreme dangers posed to state pension funds by fraudulent insurance, sold principally by AIG. Had Spitzer been able to testify that day in March 2008, perhaps some of the destruction of Sept 2008 might have been averted.
Ratigan is asking some tough, take-no-prisoners questions about how our political process has created what is essentially a systemic fraud, enabled by taxpayers. He can be a tough questioner, but the amount of information provided in this nine minutes of video is more useful, coherent, and important than the content in several weeks of Fox programming, or other networks that are not yet digging into the difficult, critical mess of the interplay between corrupt politicians and economic disaster.
Ratigan is like a fearless oncologist when it comes to economic analysis: no matter how bad it is, he appears to have the fearlessness required to expose sordid, disgusting facts and relationships.
Spitzer might be akin to an economic radiologist, looking for economic ‘hot spots’ that signal trouble, and explaining where they are and what kinds of problems they pose.
Prins is like a superlative physician, and one who knows that measuring the temperature does not begin to correctly or accurately assess the health of an economy. She seems to have a knack for examining symptoms and analyzing what they signify, and what should be done as a result.
AND THEN, call your Congtresscritter!