Ten years after the collapse of Lehman Brothers, has anything changed? And who was at fault anyway? Double Down asks economist and author, Michael Hudson, who believes that deregulation was ultimately the genesis of the 2008 crisis and that Bill Clinton played a central role as did Alan Greenspan, the ‘lobbyist for the financial mafia who helped legitimize fraud.' Hudson notes that Barack Obama and Timothy Geithner actually intervened and stopped Hank Paulson from taking steps to dissolve insolvent banks and now the most egregiously criminal of those banks are bigger and stronger ever thanks to taxpayer bailouts. Should another financial crisis happen, as many suspect, Michael Hudson warns that the central bank has joined the class war and, as such, the wealth and income gap is likely to accelerate even further due to how the Fed treats the next banking catastrophe. Tune into Double Down to hear more.
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