Ten Years After Great Recession, Have We Learned Anything?
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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?
Read David Dayen’s articles about the 2008 crash in The New Republic and In These Times.
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.