The Lessons [Not] Learned From The Crash
Phew, good thing the Great Recession is over. We sure learned a lot of lessons from the financial collapse of 2008. Didn't we?
Time magazine Assistant Managing Editor Rana Foroohar says no; not only did major figures go unpunished, but the banking system was not reformed significantly enough to avoid a repeat.
In her book Makers and Takers, Foroohar points out that much of American business has now embraced the approach that the financial system rode to near-ruin. The author joins us to explain how things went wrong, and why they remain uncorrected.