Friday, February 12, 2016

America has a problem with trust, and it's getting worse - Chicago Tribune

America has a problem with trust, and it's getting worse - Chicago Tribune:



"Congress, President George W. Bush's administration, and the Federal Reserve failed to police financial institutions despite loads of warnings from consumer groups. Wall Street went wild turning mortgages, and even imaginary pieces of mortgages, into securities and made a fortune selling them around the world to large institutions that should have been doing their homework. As the poison infected the world's financial system, Federal Reserve Chairman Ben Bernanke assured Americans that the problem was contained and soon afterward begged for an emergency $700 billion bank bailout."