ColumnistTen years after the onset of the 2008-2009 financial crisis, we’re swamped with studies and reminiscences. The fears incited by the financial crisis were widely felt, reports a new study (“Public Opinion 10 Years After the Financial Crash”) by Karlyn Bowman of the American Enterprise Institute. (2) Americans have long been ambivalent about big business, and in particular Wall Street, but the financial crisis deepened the ambivalence and hostility. “Even if a financial crisis is now less likely,” they wrote recently in the New York Times, “one will occur eventually. The paradox of any financial crisis is that the policies necessary to stop it are always politically unpopular.”So we may not know the full legacy of the financial crisis until the country has to face a sequel.

Source: Washington Post September 12, 2018 15:11 UTC