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How Three Decades Of Wall Street Greed And Government Mismanagement Destroyed The American Dream

Jake Carter

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Published in The Sellout: How Three Decades Of Wall Street Greed And Government Mismanagement Destroyed The Global Financial System

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The American dream is the idea that anyone can achieve success in the United States if they work hard and play by the rules. But for three decades, Wall Street greed and government mismanagement have destroyed that dream for millions of Americans.

The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

by Charles Gasparino

4.4 out of 5

Language	:	English
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It started in the 1980s, when the Reagan administration deregulated the financial industry. This allowed banks to take on more risk, and they did so by making subprime mortgages to people who couldn't afford them. When the housing market crashed in 2008, these subprime mortgages defaulted, and the financial system collapsed.

The government's response to the financial crisis was to bail out the banks, but this only made the problem worse. The banks used the bailout money to pay off their creditors, and they continued to make risky investments. This led to another financial crisis in 2010, and the economy has been struggling ever since.

The financial crisis has had a devastating impact on the American dream. Millions of people have lost their jobs, their homes, and their savings. The middle class has been shrinking, and poverty has been increasing. The American dream is now out of reach for many people.

The government has failed to address the root causes of the financial crisis. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed in 2010, was supposed to prevent another financial crisis, but it has failed to do so. The banks are still too big to fail, and they are still making risky investments.

The Occupy Wall Street movement, which began in 2011, was a response to the government's failure to address the financial crisis. The protesters called for an end to Wall Street greed and government mismanagement. They also called for a return to the American dream.

The Occupy Wall Street movement had a significant impact on the national conversation about the financial crisis. It helped to raise awareness of the issue, and it put pressure on the government to take action. However, the movement was unable to achieve its goals, and the financial crisis continues to plague the American economy.

The financial crisis has exposed the deep flaws in the American financial system. The system is rigged in favor of the wealthy, and it is failing to meet the needs of the middle class and the poor. It is time for a new system, a system that is based on fairness and justice.

Bernie Sanders and Elizabeth Warren are two politicians who are calling for a new financial system. Sanders has proposed breaking up the big banks and creating a public option for banking. Warren has proposed a wealth tax and a crackdown on Wall Street greed. These are bold ideas, but they are necessary if we want to restore the American dream.

The financial crisis has been a wake-up call for the American people. We can no longer afford to let Wall Street greed and government mismanagement destroy our economy and our dreams. It is time for a new system, a system that is based on fairness and justice.

A photo of a group of people protesting on Wall Street with signs that say "End Wall Street Greed" and "Occupy Wall Street."

The Sellout: How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System

by Charles Gasparino

4.4 out of 5