Ten Years After Great Recession, Have We Learned Anything?
Listen to story:
Download: mp3 (Duration: 26:35 — 60.8MB)
FEATURING DAVID DAYEN – It has been ten years since the start of the Great Recession, marked by the earth-shattering downfall of Lehman Brothers, a global financial services firm, and the fourth largest such company in the US. Lehman’s fall, which happened after the subprime mortgage crash had begun, triggered a chain reaction that led to a massive stock market crash, the loss of pensions, jobs, and companies.
Ten years later we have a president who claims he has restored the economy to its full potential saying we have the “best economic numbers in decades,” and that Americans have “new-found wealth,” and “all-time high” of middle class incomes.
Have we indeed seen a turnaround of the economy, especially as measured by the financial well-being of the majority of Americans?
David Dayen, contributor to The Intercept, The Nation, and a weekly columnist for the New Republic. He is the author of Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud.
** This segment was originally broadcast on September 17, 2018.