SBC # 562 THE ROARING 2020’S – Mary Fricker, Business Reporter & Author Rising wealth inequality and unstable financial markets: How it works, how they’re connected and what to do. America, we got this– We can fix our future!

Mary Fricker Co-author “Inside Job-The Looting of America’s Savings and Loans” a NY Times bestselling book published by McGraw Hill 1989.

America, we can fix what went wrong. The problem is clear: We’ve become a Land of Un-Equal Opportunity, where the wealthiest 10% of Americans get half the nation’s income and have two-thirds of the nation’s wealth. We are an eerie image of the Roaring 1920s. Some historians warn we may be approaching a breaking point, a 1929-style crash with catastrophic losses. That’s because for 50 years both parties in Washington have been deregulating finance, trying to boost the economy but instead creating an unseen world of money that is out of control.

Nine simple, nonpartisan fixes that are fair to everyone can get America headed in the right direction again. Both political parties now say that their #1 goal is to help middle Americans. I say, prove it. It’s time to move beyond the blame game and get busy.

Mary Fricker is an independent business reporter who has retired from The Santa Rosa (Calif.) Press Democrat. She freelances and publishes www.repowatch.org, which tracks the repurchase market (“repos”) and shadow banking earning the Best in Business 2012 award for digital blogs from the Society of American Business Editors and Writers. In 2010 she received the McGill Medal for Journalistic Courage from the University of Georgia for her work with the Chauncey Bailey Project in Oakland, Calif. (www.chaunceybaileyproject.org).

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