Wall Street didn’t cause crash of ’08

Full Story at cnn.com

Washington (CNN) — Financial reform? Not exactly. The bill before Congress does nothing to address the fundamental background causes of the crash of 2008.

Wall Street may have been the instrument of the crash. But the crash was made elsewhere: in Washington’s failed policies for middle-class families — and in China’s distorted rush for economic growth.

The story is not a simple one. But I hope you will pay attention to the details. If you don’t, you may find that the pocket that has been picked is your own.

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