What went wrong? A post-match analysis of the Credit Crunch

Jesse quotes Joseph Stiglitz, and summarises five key moments:

1. Reagan's nomination of Alan Greenspan to replace Paul Volcker as Fed Chairman

2. The Repeal of Glass-Steagall and the Cult of Self-Regulation

3. Bush Tax Cuts for Upper Income Individuals, Corporations, and Speculation

4. Failure to Address Rampant Accounting Fraud Driven by Excessive and Flawed Compensation Models

5. Providing Enormous Bailouts to the Banks without Engaging Systemic Reform for the Underlying Causes of the Failure