Matt Taibbi — X Years Later The Crash, We’Ve Learned Nothing

In Too Big To Fail, the “superstar” primary of Goldman, Lloyd Blankfein, along alongside “smart” Jamie Dimon of Chase, “fighter” John Mack of Morgan Stanley, as well as other titans brokered the bargain of deals, but inwards fourth dimension to stave off a Mad Max scenario for us all.
The conception included a federal bailout of incompetent AIG, along alongside fundamental mergers – Bank of America buying Merrill, Barclays swallowing the sinking hull of Lehman, etc.

With observe to the fine actors inwards the film, the legend is bull.

There are to a greater extent than accurate chronicles of the crisis period, including the just-released Financial Exposure past times Elise Bean of the Senate Permanent Subcommittee on Investigations, in all probability the most aggressive crew of fiscal detectives who sifted through the rubble over the past times 10 years. Bean’s draw of piece of work concern human relationship of what went on at banks similar Goldman, HSBC, UBS as well as Washington Mutual is terrifying to read fifty-fifty now.
But history is written past times the victors, as well as the banks that blew upwards the economic scheme are somehow nevertheless winning the narrative. Persistent propaganda virtually what happened 10 years agone non alone continues to warp word coverage, but contributed to a broad array of political consequences, including the election of Donald Trump.

The most persistent myths virtually 2008:...

I'd say that the work is non as well as hence much null learned every bit null done. What was learned was buried nether an avalanche of propaganda, blame-shifiting as well as excuse-making because it would compromise powerful interests.

Rolling Stone
Ten Years After the Crash, We’ve Learned Nothing

Matt Taibbi