Economist Mike Konczal explains, why we focus to much on the Lehman Brothers collapse when we talk about the financial crisis, the broader roots of the economic implosion, how Wall Street manipulates “stress tests”, why Wall Street fails and never pays a price, how the financial sector holds back American growth and innovation and why Larry Summers getting pressured out of the race for Fed chair is great for America.
On The Better Half: everyone celebrated the new MR app, Iran’s new President Hassan Rouhani says his country does not want nuclear weapons, gun nuts protest Starbucks gun ban in Newton Connecticut and your calls and IMs.
And keep the conversation going on our morning thread
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