2mo ago

US poised to dial back bank rules imposed in wake of 2008 crisis

www.ft.com

This post uses a gift link which may have a view count limit. If it runs out, there is an archived copy of the article

19 comments

It really is a speedrun
- Grab it while you can
- I mean think about how old the country is. Think about how many examples, historical precedents you can learn from. And we said hold my beer.
The crisis that was caused by dialling back bank rules imposed after the great depression? Surely it will work this time... 🤔
- Exactly. It’s like everyone’s allergic to learning a lesson.
  
  The rich learned their lesson last time: the lesson being that they can buy shit on the cheap while everyone else gets screwed.
  And they hold the levers of power, so…
Can't wait for We the People to bail out the banks again and lose our shirts along the way.
My economic crash will be the biggest and bestest one ever in history everyone’s saying it already! 🫲🍊🫱
Because of course they are
If they're not careful they're going to crash the economy way before the next dem takes over so they can't blame it on them as usual
The next crash will make a great cover for more austerity measures.
Just a bit further now.
Silver lining, we can get houses due to a crash?
- You will be out of work and won't be able to. Investor groups will buy them at auction instead
- Only if people actually lower their prices. If big corporations keep snagging up the good houses then people who have crappy houses will think they can still keep their prices high. This is you get an $800,000 two bedroom house in a bad neighborhood without even so much as a renovated kitchen.
Double-recession
Yo yo yo. If you allow the rich to keep their tax money and don't make them pay their fair share they'll reinvest that in the workers and the company and the riches will...trickle down the ravings
duh
And I feel “constrained” by a lack of subprime lending, let’s bring that shit back too.

19 comments