Steve Bannon on How 2008 Planted the Seed for the Trump Presidency

Steve Bannon on How 2008 Planted the Seed for the Trump Presidency

New York Magazine

Steve Bannon, a former Goldman Sachs investment banker turned face of Trump-era populism, on how the bailouts led directly to the 2016 election, why we need to break up the banks, and his goal to turn the GOP into a worker-based party.

Go back and look at the postwar period. These companies had profit margins, and they traded on Wall Street, but there wasn’t this maniacal focus on the financialization. Companies forgot about the social fabric, forgot about your workers. Everything became commoditized. That led to the financial crisis of 2008. It all came home to roost.

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