For years, Les Leopold has waded hip-deep into the ineffable world of high-finance: financial instruments, CDOs, derivatives, and a bunch of other words I don’t understand. Lucky for me and you, Les does. And luckier still, he knows how to explain it.
Les’s role as he sees it in the Wall Street debacle and its aftermath is, basically, Translator for the People. His book, The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It, breaks the crisis down in easy-to-understand terms for the everyday working person.
In this interview with Vermont’s Equal Time Radio, Les talks about what led him to write the book he didn’t even know he’d been researching, and how to make sure the crisis that caught everyone by surprise and nearly took down the U.S. economy—and the world’s with it—never happens again.