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Robert Reich links the "potential meltdown of Wall Street" to poor oversight, loose regulations, low lending standards, securitized bad debt, and Alan Greenspan.
Although "greed" was involved, Reich jokes that if greed was extracted from Wall Street, nothing would remain but pavement.
Robert Reich advises investing in human capital to spur global competition, thereby creating bottom-up economics.
Reich that the trickle-down economic theory's problem lies in that "it's not trickle down but trickle out" of the country.
Robert Reich argues that while the Bailout does attempt to control executive's "golden parachutes," the concentration of wealth still presents a "huge problem."
Reich warns that the last time we had a similar concentration of wealth was in 1928.