Topics: 2008 financial crash, Bank Bailouts, Bernie Sanders, Dodd-Frank, Economics, Editor's Picks, Noam Chomsky, Too Big to Fail, Business News, Politics News
When you enter the ballot booth this November, keep in mind that you could very well be voting for the captain of sinking ship. You may be voting for the next president who will have to steer us through a financial meltdown, and it’s all because we never truly learned from our mistakes.
The financial crisis of 2008 happened because the banks were too big, they were too opaque and they were engaging in risky business practices. Where are we now? Many of the banks are much bigger, they’re still opaque and they’re still engaging in risky business practices. This is a recipe for (another) disaster.