It Is All About Relative Power Of The One Percent by Michael Hudson + 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

Image by May S. Young via Flickr

Updated: Sept. 19, 2018

by Michael Hudson
Writer, Dandelion Salad
September 18, 2018

Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.