Honest Answers about the Financial Collapse

A Message from Harvey Rosenfield

Most Americans work hard and play by the rules. Now we're going to have to bail out the Wall Street speculators and crooks whose greed has jeopardized our jobs, stolen our savings, and crippled our economy. The bailout alone could cost us $10,000,000,000,000 (that's ten trillion dollars). I've been waiting for this house of cards to collapse ever since Enron and the energy companies used similar financial schemes to manipulate an electricity crisis in California back in 2001. We ended up paying $71 billion for that debacle, too. In this blog, I'm going to write about deregulation, and the Wall Street tricks that caused this crisis. About the politicians and government officials who let the fat cats get away with it. And what ought to be done right now.

How Could This Happen?

We were betrayed. Read our new report, "Sold Out: How Wall Street and Washington Betrayed America":

Executive Summary (pdf)
Introduction by Harvey Rosenfield (pdf)
Highlights of the campaign contribution and lobbying
data (pdf)
Full report (pdf - 3 MB)

Learn more about Wall Street Watch, a joint project of the Consumer Education Foundation and Essential Information, at:
WallStreetWatch.org

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