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Letters from an American – Heather Cox Richardson – March 28, 2025 – Substack
March 28, 2025 by Heather Cox Richardson Read on Substack “Another wipeout walloped Wall Street Friday,” Stan Choe of the Associated Press wrote today. The S&P 500 had one of its worst days in two years, dropping 2%. The Dow Jones Industrial Average fell 715 points, losing 1.7% of its value. The Nasdaq Composite fell…
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Why no Wall Street CEO went to jail after the financial crisis
“Millions of people lost their homes, their jobs and their savings during the financial crisis. The resulting recession destroyed over $30 trillion of the world’s wealth. Although the crisis grew out of big banks’ handling of mortgage-backed securities, no Wall Street CEO served time for it. So what happened? We spent the past year reporting…
