Do you need a PhD in Advanced Financial Wizardry to understand the causes of the financial meltdown of 2008, as the media would have you believe? Nope. All you need is the right guide: Les Leopold. He’s studied all these opaque derivatives, CDOs, and whoziwhatsits so you don’t have to—and better still, he knows how to translate Wall-Street-ese into plain English.

Author Les Leopold appeared on the popular radio show Coast to Coast AM with George Noory Saturday. He discussed his new 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, with host Ian Punnet.

To the surprise of few and the chagrin of most, Wall Street’s casino-like practices, which caused the 2008 financial sector meltdown, are back—and nothing has been done to protect U.S. taxpayers from another crash and bailout.

You can listen to the show at CoastToCoastAM.com (subscription only).

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