The Big Short

In the mid-2000s, the banks that serve as the pillars of the U.S. financial system defrauded the American people, caused the worst global economic crisis since the Great Depression, and essentially got away with it. Only one executive went to jail for a calculated and widespread corruption that tainted every echelon of the U.S.’s top-tier financial institutions, from JPMorgan Chase and Goldman Sachs to the since- collapsed Bear Stearns, AIG, and Lehman Brothers. Millions of Americans lost their jobs, homes, pensions, and retirements, and the big banks that survived the crash were compensated by the U.S. government with a multitrillion-dollar taxpayer bailout. What a disgrace. What a story. Continue reading >>