Answer: 1. Financial innovation is a good thing;
2. Financial transactions are getting people homes, and;
3. Wall street was the place to be
Explanation: Simon Johnson and James Kwak in their book the 13 bankers laid down the ties between Washington and the major banks of the US. They explained the exponential growth of these banks as a direct result of recent financial crisis and their role in the housing bubbles that burst across the state.
The three main components of the ideology they created that considers economic prosperity as dependent on the continued success of the big banks were that: Financial innovation is a good thing, financial transactions are getting people homes, and wall street was the place to be. They also attributed the quality of these banks to be a group that gains political power (due to their economic/financial power) and the use of that political power for its own self-serving benefits.
