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In his speech invoking Teddy Roosevelt’s New Nationalism speech, President Obama this week referred numerous times to the Great Depression. Comparing today’s economic crisis to the American era that began in 1929 and was the longest recession in modern history, Obama brought up his own grandparents’ experiences and attempted to make the case that an unregulated market does not fix itself – it didn’t do it during the Great Depression and cannot be relied on to fix itself without government intervention today. Much is made of the historical comparison with the Great Depression and today we go back in time to the months that led up to the stock market crash of October 29, 1929 with economist and best-selling author Nomi Prins to discuss her debut fiction work, Black Tuesday. Black Tuesday is the story of Leila Kahn, a young Eastern European immigrant in New York who falls in love with Roderick Morgan, JP Morgan’s grand nephew while the depth of the economic crisis unfolds. Leila learns the shocking truth of the coverup behind the 1929 stock market crash.

Nomi Prins is a journalist and Senior Fellow at Demos. Her latest book is a dramatic historical novel about the 1929 crash, Black Tuesday. Her last book was It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley, September, 2009/October 2010). She is also the author of Other People’s Money: The Corporate Mugging of America (The New Press, October 2004), a devastating exposé into corporate corruption, political collusion and Wall Street deception.

Nomi Prins will be speaking tonight about her book Black Tuesday at 7 pm at Book Soup, 8818 Sunset Blvd, W. Hollywood CA 90069.

Visit her website at www.nomiprins.com.