Robert Reich: The Critical Lessons We Didn't Learn from the Financial Crisis

"Trump promised to 'drain the swamp', but he made it bigger and filthier. Ten years ago [2008], after making piles of money gambling with other people's money, Wall Street nearly imploded, and the outgoing George W. Bush and incoming Obama administrations bailed out the bankers....

Full description

Saved in:

Bibliographic Details
Published in:	Newsweek 2018-10
Main Author:	Reich, Robert
Format:	Magazinearticle
Language:	eng
Subjects:	Banks and banking Banks and banking, Central Capitalism Financial crises Financial crises, International aspects Financial institutions Income distribution Populism Recessions Wealth Wealth, Moral and ethical aspects
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Description
Summary:	"Trump promised to 'drain the swamp', but he made it bigger and filthier. Ten years ago [2008], after making piles of money gambling with other people's money, Wall Street nearly imploded, and the outgoing George W. Bush and incoming Obama administrations bailed out the bankers. America should have learned three big lessons from the crisis. We didn't, to our continuing peril." (Newsweek) This viewpoint article argues there are three major financial lessons we should have learned from the Great Recession, but didn't.
ISSN:	0028-9604 1069-840X