Cost of the Crisis

The costs of the financial crisis have been incomprehensibly large, touching every part of the United States and the globe. However, Wall Street and its allies, many politicians, some business groups and academics have denied, denigrated or tried to minimize the actual costs. One of the favorite ways of doing that is by focusing on a single issue and pretending it encompasses all the costs, like saying TARP made money. Here, we track, catalogue and discuss the comprehensive costs of the crisis, from lost jobs, homes and retirement savings to the massive costs of bailing out the banks and the deficits caused by all of that. Financial reform is all about preventing this from happening again.

Read Better Markets Report entitled "The Cost Of The Wall Street-Caused Financial Collapse and Ongoing Economic Crisis is More Than $12.8 Trillion"

 

Apr 17 2014 - 3:24pm