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thinking about the situation that we are in. we had the debt obligations. there was a huge derivatives market that ballooned in you know, from the late part of the 90s all the way through 2008. it almost collapsed, that derivatives market almost collapsed and then ballooned back up again. there was an opportunity to reform with dodd-frank. the pieces never got passed. part of what i m trying to do in this book is outline the way in which party politics depends it the party politics in the u.s. is built on a rock split down the middle and has everything to do with banks. first and second bank of the united states and finally the federal reserve. parties themselves build themselves in relationship to their feelings about those banks. we wouldn t have had a democratic party without anger at the first bank of the united states. that sense of the two-party system being built around conflict over the banks has kind

90s all the wayDerivatives marketDebt obligationsDodd frankUnited statesRock splitSecond bank of the united statesFederal reserveFirst bank of the united statesWe wouldn t