World-News

Dean Baker, Center for Economic Policy and Research: 'As we prepare to celebrate the third anniversary of the Lehman bankruptcy and the ensuing financial crisis, it s a good time to assess the situation and ask what has changed. The answer is not encouraging. Very little has changed about either the realities on the ground or the intellectual debate on economic issues in the last three years. The too-big-to-fail banks are bigger than ever as a result of crisis-induced mergers. Financial industry profits now exceed their pre-crisis share of corporate profits, and executive pay and bonuses are again at their bubble peaks.'

http://www.truth-out.org/lehman-three-years-later-what-we-havent-learned/1316097681



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