Bankers Are Creating a Slot Machine with Our Money
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The nation’s financial markets were a disaster waiting to happen, and the recent crash has given progressives the perfect opportunity to create a more fair and prosperous economy, says a leading author.
Les Leopold, author of The Looting of America, says the nation’s economic disaster was caused by a financial crash that has been brewing for 30 years. It began when policymakers created a trifecta of deregulated financial markets, tax codes that favored the rich and new trade rules.
[These policies] were supposed to lift all boats; instead, we got a gigantic bubble which burst.
Leopold, executive director of two nonprofit educational organizations—the Labor Institute and Public Health Institute—spoke last night at the National Labor College (NLC) in Silver Spring, Md.
