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‘The next recession starts here’: Trump team weighs abolishing bank regulators
(www.commondreams.org)
this post was submitted on 13 Dec 2024
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politics
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Wasn't lack of regulation what caused the 2008 recession?
And supply-side-God willing, we can get back to there.
The Gospel of Supply Side jesus
In case you didn't know, this has been animated/narrated, too:
https://www.youtube.com/watch?v=X8xU-gKK17A
I had no idea and thanks for this! :)
Look, some of us are going to make the sacrifice to supply-side-God. We gotta do everything to help the rich get richer. Cause fuck us plebs.
Can't you just smell the freedumb?
Yes but American voters don't give a shit.
They found a way to blame it all on the poorz. Oh, and POC.
I think you misspelled "Poor people trying to live above their divinely ordained station!"
Yes
Sort of. 2008 happened because new financial products called CDOs allowed shit loans to be turned into gold, and people insured that gold.
More regulation may have helped, but there was a very specific cause.
Yes, because the bankers made dumb deals for greedy profits. and then committed a lot of fraud.
I recommend the movie The Big Short (or the book its based on)
Of what I've read, regulation in the direction opposite from sane too.