The Lehman 10th Anniversary spin as a Teachable Moment

Summary:
Michael Hudson was one of the few that predicted the crisis. He explains how the foundation for the next crisis was laid by the bank bailouts by rescuing creditors instead of debtors.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Lehman 10th Anniversary spin as a Teachable MomentMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Topics:
Mike Norman considers the following as important: 2008 financial crisis, bank bailouts, tbtf

This could be interesting, too:

Mike Norman writes Brad DeLong — Rob Johnson and George Soros: A Better Bailout Was Possible

Mike Norman writes John T. Harvey — Four Lessons (Not) Learned From The Financial Crisis

Mike Norman writes Barkley Rosser — The Minsky Moment Ten Years After

Mike Norman writes Bill Mitchell — Precarious private balance sheets driven by fiscal austerity is the problem