Seeds of populist anger sown in Wall Street bailout that never reached Main Street - News Summed Up

Seeds of populist anger sown in Wall Street bailout that never reached Main Street


Democrats took longer to reach that same burn rate, because the 2008 financial crash helped cement an eight-year run of Barack Obama’s presidency. It did not matter that, four days after the failed House vote, the establishment regrouped and passed a slightly modified version of TARP. The seeds were sown and, in the ensuing years, the rebellion only grew into other policy areas. But Sherman and Rep. Jeb Hensarling (R-Texas) had been leading bipartisan meetings of angry rank-and-file members. Crowley spent the subsequent decade soaring through Democratic ranks, many thinking he would become the next House speaker.


Source: Washington Post September 29, 2018 21:00 UTC



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