Live Breaking News & Updates on Inverting Capitalism
Stay updated with breaking news from Inverting capitalism. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
candidates running for congress is shocking, all we expected, not at all what republicans on capitol hill are saying. more evidence there is a disconnect between republicans in washington and everyone else. it has been 15 years since the global financial crisis since 2018, a long time but it hadn t gone away. consequences still define our world. why is u.s. government so deeply in-depth. how did wall street get so much money. why are housing prices so high? leaders stoke racial conflict. why so many americans conclude the system is so rigged. the answer to those questions the same, it all began in 2008. 2008 and aftermath is a complex story. let s sum up in the broadest possible terms what happened. big financial institutions took foolish risks and nearly blew up the u.s. entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot ....
Entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot their bonuses that year. we had economic collapse but it didn t hurt them at all. why? the government bailed out the banks. that was couldn t very shall but by bipartisan. at the time they told us in bipartisan fashion they were saving capitalism, but they weren t, in fact they were inverting capitalism. what happened next is very simple, wall street was allowed to privatize gains but socialize its risks. that meant if things went well, the financiers got rich. if things went south, the government would swoop in to save them. more than a decade very few complained because things went very very well. wall street boomed and the root of ....