Almost three years after the worst economic collapse since the Great Depression, many people still are asking how did it happen, why did it happen and could it happen again? Also, as was asked at this year's Academy Awards, why has no one payed any kind of a price for such irresponsible and some would say corrupt, Wall Street behavior?
Few understand all of this better then Roger Lowenstein. He is one of our nation's most prominent financial journalists and his book The End of Wall Streetis just out in paperback. Today, with the benefit of some hindsight and distance he gives us some clear explanations.
My conversation with roger Lowenstein: