FAQs About the U.S. Financial Crisis

Wall Street stands in for a system – as its alpha male – that is inherently inequitable, but also unstable and crisis-prone. We have seen this story repeated over and over again, in which profits are privatized, while losses are socialized. The tab is eventually picked by the taxpayers. This is how wealth gets redistributed from the poor to the rich. No wonder that the top .01% (14,000) families in the U.S. now own 22.2% of the nation’s wealth, while the bottom 90% (around 133 million) families, a mere 4%. We haven't seen such numbers in nearly a century.

Read more