Robert Reich: "We might be heading for a crash as bad as 1929"

[I_am_not_mafia]

Lehman Brothers went bust 10 years ago – can it happen again?

Personally this was inevitable after the way most countries handled the previous crash. The UK for example put us so heavily into debt bailing out the banks when they could have used the money to compensate the customers and let banks fail. It meant that the banks continued as if nothing had happened and the quantitative easing disappeared into a black hole.