Us Senate Subcommittee

Wall Street and the Financial Crisis: Anatomy of a Financial Collapse Us Senate Subcommittee

In the first decade of the 21st century, the entire ideology of "free market" and "deregulation" failed spectacularly, as Wall Street melted down and the entire global economy collapsed into the deepest economic disaster since the Great Depression. It was greed-pure unfettered greed-which produced the collapse. This report by the US Senate's Subcommittee on Investigations, spells out the whole sad story, of how rampant greed and naked self-interest were allowed to take the entire nation-indeed even the entire global economic structure-to the brink of total collapse; how "deregulation" became "license"; how "free market" became "too big to fail"; how gamblers on Wall Street lost billions on risky bets, and how the taxpayers came to bail them out.