Against the Rules: The Big Short Companion How the Financial Crisis Broke Politics
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Nov 25, 2025 AI Snips
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Crisis Fueled Lasting Political Anger
- The 2008 crisis created a pervasive political anger by showing the system was rigged for elites.
- That anger became a central force in American politics and helped fuel movements like Trump's.
Warren Saw Crisis Brewing Early
- Elizabeth Warren tracked warning signs of consumer distress in mortgages and bankruptcies long before 2008.
- She watched families get chewed up financially and became angrier as the crisis unfolded.
From Professor To Bailout Overseer
- Harry Reid phoned Elizabeth Warren during the crisis and asked her to lead a congressional oversight panel.
- She accepted and produced regular reports tracking the $700 billion bailout.