the former banker herself she's also the author of collusion how central bankers rid the world nomi prins know me thank you for being with us again we sure appreciate it the big banks have never made more money than right now does that surprise you. well now they've had ten years of being subsidized by the federal reserve by the policies that have allowed them to mass a lot of extra capital the quantitative easing policies that even though they have tapered off still have amassed a multi-trillion dollar book of assets from the banks to the fed over the last ten years and as a result they've been able to buy their own stock with the blessing of the fed pay dividends to shareholders to also buy their own stock and to invest in complex securities and activities that enable them to extract high fees from their businesses which in turn produce bigger profits for the. u.s. sort of nutty i want to get into some of the details a little bit asked for your help in trying to explain some of it earlier in the week a federal reserve chair jay powell took some heat on the senate side at least from some

license and the expectations and of communities and investors and we spoke with renowned author nomi prins on the question of rising c.e.o. pay in the states and here is part of what she had to say. so the other thing that we see happening with respect to just the bonus levels of executives that are running these major corporations running the banks and so forth is that because a lot of their compensation is made up of options on their own shares or their own shares in some manner we're seeing these skyrocketing bonuses because there has been all this extra cash extra subsidies going into the system because money has been rendered so cheap and rates so cheap for so long by the federal reserve that the offshoot of that is that executives can pay themselves that much more in options in shares buy their own options buy their own shares you know in terms of using buyback strategies and so forth and that in turn elevates their bonuses and we'll have more from our interview with nomi prins the author of collusion how central bankers rigged the world on our next broadcast and now we shift to the

it's not being used to give to the employees and therefore the wages are not increasing excellent nomi prins author of collusion how central banks rigged the world thanks for joining us appreciate it nomi. thank you. time now for a quick break but stay with us because when we get back to holland cook and steve help us sort out what all the media merger madness means and we have to the question is local media on its deathbed plus danielle be more to you know the c.e.o. of google intelligence help us look at the better jobs and why of a meeting at the white house with business leaders as we go to break here are the daily doses of the closing bell already arrows on the stock as we go into the weekend we'll be right back. after the war a nazi don't tell was still active. in the nineteen seventies croteau had as the chair of its board a man convicted of mass murder and slavery at ash was a german company developed thalidomide a drug that was promoted as completely safe even during pregnancy it turned out to have terrible side effects what has happened to my baby is anything but. you know she said

the former banker herself she's also the author of collusion how central bankers rid the world nomi prins know me thank you for being with us again we sure appreciate it the big banks have never made more money than right now does that surprise you. well know they've had ten years of being subsidized by the federal reserve by the policies that have allowed them to mass a lot of extra capital the quantitative easing policies that even though they have tapered off still have amassed a multi-trillion dollar book of assets from the banks to the fed over the last ten years and as a result they've been able to buy their own stock with the blessing of the fed pay dividends to shareholders to buy their own stock and to invest in complex securities and activities that enable them to extract high fees from their businesses which in turn produce bigger profits for the u.s. sort of nutty i want to get into some of the details a little bit yes for your help in trying to explain some of it earlier in the week a federal reserve chair jay powell took some heat on the senate side at least from some democr

coming up on today's program as promised on the broadcast last time we have our interview with nomi prins a former big banker at goldman sachs and the author of collusion how central bankers rigged the world we talked big bank profits many of which were reported this week and ask if financial regulations should be relaxed and as comcast bows out of their bid for twenty first century fox leaving the door wide open does that what will happen to the europeans pay t.v. companies try which has many suitors including comcast and with media consolidation is local media on their last leg we'll try to sort it all out with the host of the big picture holland cook and conservative t.v. and radio commentator smalls plus president trump met with business leaders yesterday we'll look at the skills gap plus we talk about the fed and some economic projections with danielle de martino the c.e.o. of intelligence were jampacked really get right to it u.s. president donald trump has found a new target for criticism the federal reserve that we're just mentioning mr trump aired his grievances on thursday in an

revenues are on on the wane and let's talk about this idea about rates rising because i just read nomi prins us books has a book out called collusion you talk about central banks colluding something that you know we've talked about something that's known pretty much in the in the community that when one bank is tightening others vaal get more accommodative easing e.c.p.a. bank of japan federal reserve bank so is this cycle what's being called quantitative tightening in the us is it being completely offset by other central banks doing the reverse and so the. net amount of money printing in the world continues to go up as a genuine contraction it's a great question i would argue that the answer is no you see trump has been a wrecking ball not just in terms of his u.s. political race he's actually reminded countries that they start they have to be selfish again we're seeing it in trade we're seeing it in economic policies and i think we're even beginning to see things say in italy where it's starting to break apart from the e.u. it's talking about nationalization it's talking about a different

revenues are on on the wane and let's talk about this idea about rates rising because i just read nomi prins us books has a book out called collision you talk about central banks colluding something that you know we've talked about something that's known pretty much in the in the community that when one bank is tightening others vaal get more accommodative easing e.c.p.a. bank of japan federal reserve bank so is this cycle what's being called quantitative tightening in the us is it being completely offset by other central banks doing the reverse and so the. net amount of money printing in the world continues to go up ours is a genuine contraction it's a great question i would argue that the answer is no you see trump has been a wrecking ball not just in terms of his u.s. political race he's actually reminded countries that they start they have to be selfish again we're seeing it in trade we're seeing it in economic policies and i think we're even beginning to see things say in italy where it's starting to break apart from the e.u. it's talking about nationalization it's talking about a diffe

coming up on today's program as promised on the broadcast last time we have our interview with nomi prins a former big banker at goldman sachs and the author of collusion how central bankers rigged the world we talked big bank profits many of which were reported this week and ask if financial regulations should be relaxed and as comcast bows out of their bid for twenty first century fox leaving the door wide open dizzy what will happen to the europeans say t.v. companies try which has many suitors including comcast and with media consolidation is the local media on their last leg we'll try to sort it all out with the host of the big picture holland cook and conservative t.v. and radio commentator the malls for plus president trump met with business leaders yesterday we'll look at the skills gap plus we talk about the fed and some economic projections with danielle de martino the c.e.o. of will intelligence were jampacked really get right to it u.s. president donald trump has found a new target for criticism the federal reserve that we're just mentioning mr trump aired his grievances on th

revenues are on on the wane and let's talk about this idea about rates rising because i just read nomi prins us books has a book out called collision you talk about central banks colluding something that you know we've talked about something that's known pretty much in the in the community that when one bank is tightening others vaal get more accommodative easing e.c.p.a. bank of japan federal reserve bank so is this cycle what's being called quantitative tightening in the us is it being completely offset by other central banks doing the reverse and so the. net amount of money printing in the world continues to go up ours is a genuine contraction it's a great question i would argue that the answer is no you see trump has been a wrecking ball not just in terms of his u.s. political race he's actually reminded countries that they start they have to be selfish again we're seeing it in trade we're seeing it in economic policies and i think we're even beginning to see things say in italy where it's starting to break apart from the e.u. it's talking about nationalization it's talking about a diffe

and so forth and that in turn elevates their bonuses and we'll have more from our interview with nomi prins the author of collusion how central bankers rigged the world on our next broadcast and now we shift to the west coast of the u.s. as another massive data breach has led california lawmakers to propose a privacy bill argues the toss of sweet is in los angeles with the details natasha . afternoon bar california voters spoke loud and clear it in online privacy initiative on the ballot alone led lawmakers to craft a bill and it's something that they hope the rest of the country will follow well the california consumers privacy act eighty three seventy five it passed unanimously to the state assembly and senate governor jerry brown signed it hours later and it goes into effect in two thousand and twenty the bill will enable californians the right to know what data is being collected to opt out of that collection and to hold companies liable for data breaches part. is what what what is on the ballot the same as what's going into effect i know there's a ballot initiative out there regarding

coming up on today's program as promised on the broadcast last time we have our interview with nomi prins a former big banker at goldman sachs and the author of collusion how central bankers rigged the world we talked big bank profits many of which were reported this week and ask if financial regulations should be relaxed and as comcast bows out of their bid for twenty first century fox leaving the door wide open dizzy what will happen to the european pay t.v. company's stock which has many suitors including comcast and with media consolidation is local media on their last leg we'll try to sort it all out with the host of the big picture holland cook and conservative t.v. and radio commentator steve smalls for plus president trouble met with business leaders yesterday we'll look at the skills gap plus we talk about the fed and some economic projections with danielle de martino the c.e.o. of will intelligence were jampacked the way to get right to it u.s. president donald trump has found a new target for criticism the federal reserve that we're just mentioning mr trump aired his grievances