LISTEN: The Leonard Lopate Show: Les Leopold Explains the Financial Crisis
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Author Les Leopold explains how Wall Street made big money packaging risky debt and how the ever-widening income gap threatens the U.S. economy in this interview on WNYC’s Leonard Lopate Show.
Les Leopold, director of the Labor Institute and the Public Health Institute, seeks to correct the myths that blame the financial meltdown on low-income home buyers who got in over their heads, people who ran up too much credit-card debt, and government interference with free markets. In 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, he looks into how Wall Street undermined the economy by turning to highly lucrative but extremely risky financial approaches.
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