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Black Tuesday Paperback – September 13, 2011

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Editorial Reviews

About the Author

After over a decade working at top Wall Street firms, Nomi left a lucrative career in disgust to pen three nonfiction whistle-blower books: It Takes a Pillage, Other People’s Money, and Jacked, exposing the shady deals and cozy relationships from Wall Street to Washington. Her thriller, The Trail, was set in the corrupt banking world, and written under a pseudonym. Her prescient work has appeared in The New York Times, The Nation, Daily Beast, The Daily News, Alternet, Fortune, Newsday, Mother Jones, and many other publications. She has been featured in several international documentaries, and is a frequent commentator for PBS, MSNBC, CNBC, C-SPAN, CNN, BBC, Fox, and other stations.

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Product Details

  • Paperback: 354 pages
  • Publisher: CreateSpace Independent Publishing Platform (September 13, 2011)
  • Language: English
  • ISBN-10: 1463557663
  • ISBN-13: 978-1463557669
  • Product Dimensions: 6 x 0.8 x 9 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (26 customer reviews)
  • Amazon Best Sellers Rank: #350,499 in Books (See Top 100 in Books)

More About the Author

Nomi Prins is a renowned author, journalist and speaker. Her latest acclaimed book, All the Presidents' Bankers: The Hidden Alliances that Drive American Power, was published on April 8, 2014. Her prior book, Black Tuesday, was a historical novel about the 1929 crash. Before that, she wrote the hard-hitting book, It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street. She is also the author of Other People's Money: The Corporate Mugging of America, which predicted the recent financial crisis, and was chosen as a Best Book of 2004 by The Economist, Barron's and The Library Journal, and Jacked: How "Conservatives" are Picking your Pocket (whether you voted for them or not.) She wrote the financial thriller, The Trail, under the pseudonym, Natalia Prentice.

Before becoming an author, Nomi was a managing director at Goldman Sachs and a senior managing director at Bear Stearns. She is a distinguished senior fellow at the non-partisan public policy think-thank, Demos. She has been a featured commentator on numerous TV programs including for: BBC, CNN, CNBC, MSNBC, CSPAN, Democracy Now, Fox and PBS. She has been featured on hundreds of radio shows including for CNNRadio, Marketplace, NPR, BBC, and Canadian Programming. She has been featured in international documentaries from the US, Norway, France, Germany and other places, alongside other prominent thought-leaders.

Her writing has appeared in The New York Times, Fortune, Newsday, Mother Jones, The Daily Beast, Newsweek, Slate, The Guardian, The Nation, LaVanguardia, and other publications.

Her website is

Customer Reviews

Most Helpful Customer Reviews

27 of 29 people found the following review helpful By traderJoe on September 18, 2011
Format: Paperback Verified Purchase
I bought this book after seeing Ms. Prins hold her own againt Bill O'Reilly on Fox News last week. Given the dismal state of our economy, history definitely does seem to be repeating itself. At first, I thought the book would be more chick-lit, with the stoic woman taking on big, bad Wall Street, etc but I couldn't have been more wrong. Black Tuesday is a fantastic mix of darkness and moral choices, greed and overcoming odds - it was a gripping, intense, page-turning read. Bravo to Ms. Prins for taking on the biggest banker on Wall Street and becoming an unlikely crusader for our time. I will definitely be first in line for her next book!
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15 of 17 people found the following review helpful By J. Edgar Mihelic on October 3, 2011
Format: Paperback
Nomi Prins returns to the spotlight not with another hard-hitting book of journalism, but with a historical fiction romance.

I know what you're thinking. I thought it too. I'll be the first to say, I am a fan because of book like It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions. Romance is not my usual genre. It works on several levels, so I'm still a fan.

Black Tuesday is the tale of Leila Kahn. She's an Eastern-European immigrant who has come to America to make a better life for herself after her family was decimated by Cossacks. In the part of her life we see, she becomes a waitress and manager at a coffee shop on Wall Street. This vantage point allows Prins to walk the reader who is unfamiliar with finance through some of the basics. The reader is in Leila's shoes as she learns about the workings of Wall Street from her customers. If you're familiar with it, as I am, it might feel a bit didactic. I thought so at first but then realized Leila had to learn from somewhere.

The plot centers on the love that Leila grows for one of here customers, a dashing banker who turns out to be part of the powerful Morgan family. Roderick, the banker, wears the crown heavily, as he has to walk thin ethical lines to keep the share price of the bank up and his tyrannical uncle happy. Leila is torn though, because she has a long-standing relationship that can't hold the changes in Leila's life.

Prins develops the two main characters fairly well. They have a life that isn't too cut and dried, making the book worth reading to see what happens.
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8 of 8 people found the following review helpful By AP on December 6, 2011
Format: Kindle Edition Verified Purchase
It is a great book! I love the mix of history and fiction and Black Tuesday takes you to this path.

I just finished reading New York (by Rutherfurd) which I really enjoyed and I was looking for a good book like that one. Then, I found out about Black Tuesday listening to the interview Ms. Prins gave to Brian Lehrer from WNYC and decided to read it.

Congratulations to Ms. Prins, i is a very good book.

Leila is such a great character in all aspects - her thoughts about her new country, trying to grow, learn and help her family and, of course, her love dilemmas in a historical scenario perfectly presented by the author.

Go ahead, read the book, you will enjoy it.
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10 of 11 people found the following review helpful By Simon Burnett on November 9, 2011
Format: Paperback Verified Purchase
The first thing about this book is that is so visual: every scene it is just made for Hollywood.

The protagonist, Leila Kahn, a young Russian immigrant fresh from post-revolutionary pogroms, serves coffee and new-fangled things called hamburgers in Moishe's cramped Wall Street diner that stinks of beef; her customers are fractious Wall Street types whose wandering hands she cannot avoid as she edges between the tables, her own hands busy with cups and plates.

She shares a crowded Lower East Side tenement with an ailing aunt and other relatives, where sleeping is only possible in shifts, and where a washroom with leaky pipes, icy water and cracked tiles is shared with two other apartments.

Ironically, Leila is attracted to one particular banker who visits the diner every day; and turns away from her boyfriend, the firebrand Nelson, who dreams of the day when the poor will rise up and over-run Wall Street.

Tense scenes play out in the plush apartment of the conscience-stricken banker who becomes illicitly involved with Leila. There are riots outside the bank and more direct violence on a lonely, late-night Manhattan street. There is a harrowing scene in an abortion clinic, and some dramatic court scenes.

Personal conflict bursts on every page. Moral decisions are threaded through the narrative of this drama that resembles in many ways what is happening today: a villainous bank peopled by ruthless characters prepared to stop at nothing to hide fraud.

The lay reader gets a good rundown on the financial basics as Leila the newbie asks questions and gets answers.

And then Leila gets to learn things she should not know, and is confronted with making decisions against a threatening backdrop of violence and death.
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8 of 9 people found the following review helpful By Fredric Ensminger on October 13, 2011
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If you are familiar with the background, experience and connections of Nomi Prins, then you know she is more than qualified to write about the 1929 crash. But she chose to do it as a novel and did a great job of blending fact and fiction while keeping the story suspenseful and intriguing. I found myself wanting to keep reading it even when my eyes got tired, and that doesn't happen very often with me.

She did a very good job of showing the parallels between the '29 crash and the current meltdown which started in 2008. History repeats itself. "The only new thing in this world is the history you don't know." President Harry S. Truman.

As Nomi has pointed out in her other writings, stock market crashes all come from the same virus....the creation and issuing of worthless or badly overvalued pieces of paper("securities" sold under catchy names) and doing it on a massive and unregulated scale.
And there is absolutely nothing in place now (Oct. 2011) to prevent it from happening again and again.

She also does a great job of depicting the values, beliefs and lifestyles of the upper strata that floats along on the shoulders of the masses. And that is important because it is that regal mindset of imperial privilege and immunity that creates the environment and conditions for the ongoing royal fleecings of the masses by the ruling class (banksters if you prefer).

Somebody has to shine a bright light on these cockroaches who have been stealing our fortunes and futures since the 1920's, and before, and are still doing it. Nomi Prins is trying to tell us that these pillages are nothing new, are very predictable, and have a very, very preventable cause.

Check out her website at [...]
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