Part 8/11:
When financial institutions failed, they had devastating consequences for the global economy. The aftermath of the 2008 financial crisis forced governments worldwide, including the U.S., to bailout failing banks, further entrenching the power dynamics of the financial system.
Despite warnings and signs of impending disaster from reputable economists and institutions ranging from the FBI to the IMF, regulators failed to act on time. The issue of financial accountability loomed large as taxpayers were forced to absorb the losses incurred by multi-million-dollar executives who reaped profits from risky investments while the average citizen faced economic despair.