Tomorrow is the tenth anniversary of the collapse of 2008 and things are much, much worse

mostlysignssomeportents:

Nobody covered the Wall Street collapse, bailout, and corrupt resurgence better than Rolling Stone’s Matt Taibbi, from giving Goldman Sachs its unforgettable epithet to covering the hearings on the bailouts to documenting the foreclosure mills, to deep dives into the sweetheart deals the banks got; to the revolving door between finance regulators and the finance sector to the rise of Occupy; to the consolidation of financial primacy after the collapse; to the double-standard for criminal justice revealed by the collapse; to the frauds that surfaced after the crash; to the tiny bright spots where bankers were brought to justice; all capped by an incandescent, outstanding book about the crisis and the systematic racial and economic justice it revealed.

Tomorrow is the tenth anniversary of the collapse of 2008, and in the intervening decade, Big Finance has gotten bigger,
bankers’ bonuses have gotten larger, and we are barreling toward
another debt crisis that will make 2008 look like a kid’s birthday
party.

Writing in Rolling Stone, Taibbi lays out the decade’s sordid history:
the way that Obama’s malpractice gave the banks more power, made the
rich much richer, paved the way for a donor class that owns politics so
thoroughly that they were able to buy themselves trillions in tax-breaks (with more to come).

No one makes this subject more accessible than Taibbi. We are still
reaping 2008’s whirlwind. Read this today, think about it tomorrow, then
register to vote and do something about it. If you’ve got $20 to spare (or better yet, $200), back the kinds of candidates who will do something about it.

If Trump has you outraged, read this. It is his secret origin story, the
sordid tale of how the country came to vote for a man so manifestly
incompetent: because rich people spent what it took to convince racists
to elect him.

https://boingboing.net/2018/09/14/lost-decade.html