Tell the similarity and differences, the financial situation(s) described in the 80s with what's happened over the last ten years or so, including our "Great Recession." For ex: a couple of the the big financial scandals at the time was Insider Trading and Leveraged Buyouts, today it's Ponzi Schemes and Betting on the Bubble (housing, etc). Also, then credit card usage was on the rise, today it's rampant and even seen as necessary (in the 80s, $12,000 sent a family into bankruptcy, that might be considered a low amount today).

Draw a conclusion. Why do we seem to repeat our financial history?