welcome back to the guys are in part time now to go to los angeles and speak with nomi prins now me is a former senior executive at both goldman sachs and bear stearns she's the author of it takes a tell it now me welcome back to the kaiser report thanks max. you know me i want to touch on this. article for rolling stone the people versus goldman sachs of course you work as goldman sachs as a managing director and i also want to bring into this little discussion some comments made by a wall street bucket shop that goes by the name of stone street advisors. in the in the story by matt taibbi that stoned street advisors is takes exception to one of things you bring up right away is lloyd blankfein c.e.o. of goldman sachs of course is being accused by carl levin a lying before congress and lying to its clients your thoughts on carl levin's accusation the lloyd blankfein was lying to his clients was he lying to congress both respect to his clients and those are some points that were brought up by levin and also in in math article there was an issue around certain deals for example with hud

blazes now that their chief is behind bars in america it offers some insights into this issue is nomi prins a journalist and senior fellow at demos author of the book it takes a pillage behind the bonuses bailouts and backroom deals from washington to wall street before becoming a journalist nomi worked as a waltzed on wall street as managing director of goldman sachs and running the international analytics group at bear stearns in london know me welcome hi thank you great to have you with us just for our listeners who may not be familiar with the institution what is the i.m.f. what do do they. well for the most part the i.m.f. is a sort of organization of one hundred eighty seven countries that basically it's a fund its an organized fund and there was a mission is to sort of equalize the development of economies throughout the world and how they go about doing that the devil in those details really is what has brought us the types of bailouts that they're. being discussed now that are coming from those funds how they support the general financial system as it stands today as it's run by th

that's where the bigger scandal may lie joining me from our studio in los angeles to discuss that is nomi prins senior fellow at demos and author of it takes a pillage behind the bonuses bailouts and that room deals from washington to wall street now he thanks so much for joining us tonight now tell me if you think i'm right here right the second that a sex scandal explodes on the media scene everybody immediately starts to recognize that name. or do you think that most americans know who it is or even really what the i.m.f. does in this world. you know i would doubt it i mean you know the sex scandal as the sort of reality t.v.'s about it and he's become the center of attention for that reason but the i.m.f. itself of course you know as you mentioned in the lead up is and has been responsible for a lot of what has been going on with the european bailouts with so strace we've seen across your where people aren't quite happy regular people with the ways that the i.m.f. are extracting. austerity measures from them in return for bailouts or bailing out of their financial systems their banks just v