Nearly every regulatory institution tasked with monitoring the financial system is now run by someone who once profited from bending or breaking its rules.
The U.S. financial system remains unreformed, and no one in any position of power will do anything to fix it. The only question is when the bubble will burst.
The president is running America like one of his businesses.
In this excerpt from her best-selling new book, Nomi Prins writes about the period during the administration of Lyndon Johnson when bankers began to move away from the president as they saw their global ambitions hemmed in by the Vietnam War.