Ten years have passed since the depths of the 2008 financial crisis and the U.S. has emerged as a more prosperous but less equal nation.
The bankruptcy of Lehman Brothers and government takeover of Fannie Mae and Freddie Mac in September 2008 set off a series of collapses that froze the global financial system and triggered a massive recession.
Millions of Americans would lose their homes to foreclosure and their jobs to the contracting economy. The devastation helped fuel the election of former President Obama, who enacted sweeping new rules for banks and a massive stimulus package over the opposition of Republicans.
A decade later, joblessness is close to all-time lows, corporations and banks are boasting record profits, and consumer spending has gradually risen as the economy expands. But the wounds still run deep for millions of Americans who haven't felt the full benefits of the recovery.
Inflation-adjusted wages have sunk despite the hot job market, rising housing costs have locked out many first-time homebuyers, and the working class has struggled to overcome the growing chasm between the richest and poorest Americans
Read more in The Hill.