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AFL-CIO Now

Wall St. Run Wild—Here’s How It Happened

Here’s a great video that shows in part how the nation got to the point where inequality is so rampant, CEO greed so unrepentent and Wall Street so not held accountable that people across the nation have taken to the streets—and are staying there.

As Harvard professor Elizabeth Warren says here:

We go with this idea of “Let’s get rid of regulation” and what happens? Late 1980s, savings and loan crisis—should have been a warning. Late 1990s, remember long-term capital management, hedge funds? Should have been a warning. Early 2000s, Enron—should have been a warning. But we let it go and where did we end up? In the biggest crisis since the Great Depression.

H/T to MoveOn.org for featuring this clip from Lance Baxter’s YouTube channel.

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