Ben Bernanke, Timothy Geithner, and Henry Paulson describe fighting the fire of the 2008 financial crisis

Reed Hundt in the Boston Review:

The Great Crash of 2007–2009 stripped American middleclass families of wealth. It gave rise to nativist politics on the right and socialism on the left, killing credence in neoliberal market capitalism in both the United States and Europe. It buried the Washington consensus that had energized bipartisan support for U.S. leadership around the world. Indeed, China has replaced the United States as the leading country whose investment drives the global economy.

In his 2018 letter to shareholders, Jamie Dimon, CEO of JPMorgan Chase, described the state of the union as follows: “Middle class incomes have been stagnant for years. Income inequality has gotten worse. Forty percent of American workers earn less than $15 an hour, and about 5% of full-time American workers earn the minimum wage or less, which is certainly not a living wage. In addition, 40% of Americans don’t have $400 to deal with unexpected expenses, such as medical bills or car repairs.”

More here.