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credit crisis

Populists Press Democrats to Ease Clinton-Era Embrace of Bankers

“When populist Democrats such as Senator Elizabeth Warren complain about the consequences of Wall Street influence on government policy, here’s what they mean:

Since the March 2009 depths of the credit crisis, the KBW Bank stock index, which includes the nation’s largest financial companies, has gained 297 percent. During that same period, workers’ inflation-adjusted average hourly earnings have actually fallen.”