The Big Short Part 2, Wall Street Is At It Again!

This week on 51/49, James dives into how Wall Street cooked books led to the Financial Crisis and the Great Recession in 2007-2008, and how it could be happening again.

Based on Jon Schwarz and Ryan Grim's Intercept titled: The Bigger Short, Wall Street’s Cooked Books Fueled the Financial Crisis in 2008. It’s Happening Again.

0:00 Introduction
0:52 Recapping What Led to the 07-08 Financial Crisis
2:55 What Wall Street is Up To Today?
6:04 The Potential Consequences of Wall Street Gambling
7:29 Conclusion

51/49 with James Li - Commentary on business, politics, and the other things (from an independent perspective)

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