Nomi Prins: War Could Implode Financial System Starting with Derivatives

Former Goldman Sachs banker Nomi Prins says the financial system is more risky than before the 2008 meltdown.  Prins, who wrote the best-seller “It Takes a Pillage,” says, “We have greater concentration of . . . financial risk within fewer institutions.  So, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface […]