Tag Archives: recession

Pity the Billionaire

In 2008, the country’s financial system suffered an epic breakdown, largely the result–as nearly

Thomas Frank's inscription

Thomas Frank’s inscription (Photo credit: liberalmind1012)

every credible observer agrees—of the decades-long effort to roll back bank supervision and encourage financial experimentation. The banks’ stumbled quickly plunged the nation and the world into the worst recession since the thirties. This was no ordinary business downturn, Millions of American, and a large number of their banks, became insolvent in a matter of weeks.                             (Thomas Frank)

Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right: Thomas Frank: 9781250020352: Amazon.com: Books.

Where are the culprits, the swindlers and the criminals? Continue reading