After the crisis, we passed Wall St reform and put in place strong rules so Main St would never again be forced to bail out Wall St. But under this admin & this Congress, big banks and their lobbyists are scoring touchdown after touchdown at the expense of hardworking families.
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Truly learning the lessons of the economic crisis means standing on the side of American workers and families – whether it’s on affordable housing or consumer protections, pensions or protecting taxpayers from bailouts.
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And now Trump reverses the Dodd Frank and the banking and credit card industries are going crazy again.
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I'd love to see a nationwide push for educating children in finance + economics. Most don't get any of this until high school, and that's too late. I think that an educated, discerning consumer who can control their impulses is less likely to make foolish financial decisions.
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Our kids’ high schools had no finance education.

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Now that's a shame. I am from NY, and their curriculum includes Political Science and Economics, but not until the senior year, which is way too late, as far as I'm concerned. I think kids should start learning around age 10, a point at which they can understand such matters.
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You have a great idea, Awakenddreamer. At some point, possibly 10-14, children should learn about interest rates, compounding interest, forfeitures, & auto repossessions. Maybe a bicycle or such could represent the investment.
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Well, maybe
@SenSherrodBrown can help me with that!
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Thank you
#GWB. Lost the equity in my home. Had to add 10 more years of work before retiring to make up for it. -
I'm so sorry, AmericanGirl. I lost equity in my home, too, & after 14 years of paying down the mortgage sold it for nearly the same as what it cost in 1995. I know many other people who lost 1/3 to 1/2 their investments; it's incomprehensible how Americans could allow this.
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Agree. Also incomprehensible that
#GWB has the nerve to involve himself in the national Conversation again. “Not being as bad as Trump” only gets you so far. - 1 more reply
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Susan, I am so sorry that you endured these heartaches. The Great Recession was terrible for many people except predators such as mortgage brokers who were & maybe still are living high on the hog. I don't understand why people voted for another laissez-faire administration.
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It's going to happen again on this present path. Just one example..I get bombarded by mailings from banks, financial institutions daily, offering credit/mortgage refinancing, some I've never even heard of. This happened in the early 2000s & I guarantee more than not are biting.
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Can a government EVER think ahead an prevent a crisis? Soooo much time was put into crushing small banks and building up a
#ToBigToFail situation.
Perhaps see a bigger crisis if some governments at considered #ToBigToFail Crush the small to help the inefficient big?
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The government can't always prevent a crisis but it can help to make it not as bad. That would require a willingness to do so and having plan. Neither of these things the Republicans are capable of.
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