The big banks are happy no matter who is in the White House. They control the money. They DGAF. You can opt out with #Bitcoin though, a decentralized monetary network that CANNOT be controlled and that doesn't extract value from your hard earned savings, the bane of every central bank today.
Ugh that headline! Queue the market crash... I liked Bill Clinton well enough, but repealing Glass-Steagall (i.e. deregulating) didn't end well because bankers gotta bank & Main Street ends up picking up the tab. Every. Damned. Time...
They danced in the street selling junk mortgages too until they almost took the country off a cliff in 2008 and had to be bailed out by the Fed Govt. under TARP.
People expect a lot from this ‘not my president’ lying idiot 🤬 as he promised anything to win & probably won’t deliver💩! He will do more for ‘himself’ to reap benefits then he will do for the American people. His first term benefited the rich it will be the same as he starts with ‘his revenge’!
POV Democrat think tank: “this one person said this one thing without any real context or evidence to back it up. But it’s bad about Trump so it’s 100% true all the time”
Didn't we go thru this in 2008? Regulations were cut, loans were given out like candy, the house of cards collapsed as people defaulted and the tax payer had to bail out the very financial institutions that caused the worst recession since the Great Depression.
Yip. Let's see how long it takes the magats to notice. Probably, it will be too late by then and we will all be hand-to-hand fighting on the streets for every remaining scrap of food :-(
This also from the man that says now 47, would not be good for the economy. This mofo playing both sides of the fence. SO, those that bank at Chase, expect higher fees as their number are better with masses (fees from smaller accounts), than the few 1% accounts. Good luck with that! 😉😒🤨
Unfortunately, it seems the magas are continuously voting against their own interest. It's amazing how the rich have tricked so much of the poor into thinking that they're the ones being treated unfairly
Well, the people who voted for him have screwed all of us. Those eggs, get ready to pay in other ways. All those fees Biden and Harris got rid of are coming back and more. You See, they were looking out for you PEOPLE! Trump does not give a damn!
I'm sure he is being open and honest. Especially since he was one of the largest donors to the Kamala campaign and knows exactly the effect his words will have on people.
The Trump regime is copying everything that Bush Jr. did to collapse the economy. Billionaires did fine, but many workers lost their homes and never recovered.
Yeah , very well. I went from making 20 dollars an hour working 20 hours a week delivering pizzas as a 22 year old , to making what at the time was essentially minimum wage due to lower volume of orders and lack of tips. This is part of the reason I don’t understand why ppl trust the GOP
I remember banks locking their doors and shutting off the ATM so people couldn’t pull their money out. I lead red my lesson and I’m pulling my money out.
was gonna say, looks like the banks want to go wild at spring break, lose all their money, then demand the gubment bail them out--again. also expecting to hear a lot of "who could've known" and "it wasn't my fault, it's the peasant mortgage brokers who got bonuses from it" excuses.
They want deregulation for thr sugar high that the cheap money provides but they want FDIC to cover their asses when the bottom breaks and they have nothing for the bank runs
Pro tip: the last time bankers were dancing in the streets because of reduced regulations, they caused a massive housing crisis with their loan practices.
When women were concerned that the Texas abortion ban would compel women to have their rapist's baby, Texas Governor Abbott said that women should not fear that because he would eliminate rape.
Yeah and anyone who was alive in 2007 with the financial world crashing down around us knows what it’s like when you let the banking system run wild and unchecked.. it brought us to financial disaster, our nation losing over 200,000 American jobs per month.
When I used to suffer through the Stephanie Ruhle show, she was always talking about him. She liked him. I listened to what she said about him and thought, "What an asshole."
Jamie Dimon is still alive? I haven't heard from him since Republican legislators fell all over themselves to kiss his feet, something like ten or fifteen years ago
Jamie and ones like him say, “Let the good times roll.” It will be like German Requiem on the American people. The most rich will be richer and the poor will be poorer. Y’all voted for your savior, see what happens now.
On the one hand, the last era of bank deregulation resulted in an explosion of predatory lending, a financial meltdown and recession, and 1 in 4 homeowners underwater on their mortgages. On the other hand, who doesn’t love to see people dancing?
The Felon has always touted “cutting regulations” to his cult at his rallies, and they would hoop and holler and clap. No one ever bothered to explain to these dopes that cutting regulations hurts them not helps them.
Regulations are the only things standing between you and The Man. (You may have some of these courtesy of your union, which is also standing between you and The Man.)
So we bail out banks in 2008. We put in regulations so they can’t be irresponsible again. Now they want to be irresponsible again? That’s scary for all of us.
Why do so many people think that Trump is going to fight against the establishment for them? It's such a big con that the people made worse of can be convinced that the people making them worse off should be given more power! But billionaires own too much of what we see!
Jamie Dimond is just another billionaire who has jumped ship from a ridiculous number of jobs. That's how you acquire billions in cash and hide it away.
Oh please, they have been dancing for decades. Obama, Biden, Bush they all bailed them out and didn’t change one regulation law. Because they themselves would not benefit. Just another ‘fits their narrative’ piece.
In which case, they’ll just repeat what they did back then. Cry endlessly about how they’re “too big to fail” and the federal government will swoop in a save their asses with another trillion dollar bailout.
U can do that only so many times and get away. Ne t time it happens,and chances are with orange idiocracy it will ,u can be sure al, those communist rants about ‘de-dollarisation’ will come. Out of necessity and than the crying of all ‘classes’ in US will commence…
Anyway the US did pretty well coming out of the great recession, especially once Obama came in, but the big mistake was bailing out Wall St rather than Main St
Take care of consumers and businesses will do fine. But demand side economics isn't popular among the elites
Trump will definitely try and default on the national debt again - and this time he might manage it. Goodbye the Dollar as a reserve currency and any ability to ‘bail out’ anything.
for the past 5 or so years Jerome Powell at the Fed has been printing out trillions of dollars and propping up Wallstreet by buying junk bonds-- with no conditions. in response, the companies being propped up have continued business as usual: stock buybacks, layoffs, and huge CEO bonuses.
Taking this opportunity to migrate this hashtag from Twitter. I don't make many, but I GUARANTEE they'd be dancing less if you #stopbuyingshit. What do you need to survive? Stop funding corporations that inflate prices, underpay wages and taxes and lobby the government against our interests. 🛑🤷🏾♀️
Dimon showed what a sadistic vulture he is when he oversaw much of the collapse of the US economy in 2008 and instead of facing accountability he said the public should suffer and banks should be rescued and rewarded. The people could have won but they chose government that backed him. Here we are.
And how we almost ended up with the Second Great Depression at the end of Bush’s 8 years 🤦♀️ Basically a license to steal until it backfires and it always does - on us..
Maybe we have too many regulations that hurt the working class.. have you thought about that? I’m no trumper, but all for de regulations that hurt the American people. Why are you so afraid of positive changes? He also wants to cap interest rates to 10% on credit cards..
Do the people anticipating a great economy from Trump really not see the risks? Deporting millions, taking away health insurance, huge increase in the deficit from tax cuts for the 1%, inflation from tariffs?
Yea, welcome to the upside down, where the poorest people in the wealthiest country now support helping the rich get richer because their best hope for moving up in the world is catching a few extra bread crumbs as the business man brushes of his shirt.
I remember back in the 2000s when banks failed. I was treasurer of an organization that found its bank failed and was bought out. We had to fight to get our money back.
They really are trying to destroy everything. They are fine with large swaths of the population being lost to disease and famine so they can start anew with a fresh batch of humans they can program and control.
Pro tip: without regulations - banks fail. 1929 and 2008. Trump also wants to get rid of the FDIC which means working class bank accounts will no longer insured.
This is where I point out that the last time Wall St was giddy over deregulation (and the refusal to enforce existing regulations) was in the 2000s, when they gambled so much in collateralized debt obligations in the housing market that they crashed the entire economy and needed a bailout.
Comments
https://www.newsweek.com/donald-trump-crosses-potential-cabinet-member-off-his-list-1986048
The good old days
We should be looking to limit the 'shuffling of money' or else we will see another 2008 style crash - a crash like that wipes out a lot of prosperity.
and many more may die
https://biggovernment.substack.com/p/how-donald-trump-is-disappointing?r=1vj4ca
Why shouldn’t our party be advocates for people starting businesses, hiring and paying people, and growing into larger companies?
Right?
(Thing regulation was put in place to stop starts happening again in almost a comically disastrous degree.)
Bankers: (Surprised pikachu face) "But also, like, pretty please don't put the regulation back."
https://bsky.app/profile/photoonist.bsky.social/post/3laq2usz3mk2c
Every regulation is a protection for consumers, workers, or the environment.
If the regulation is removed, what will prevent the return of the exploitation?
How is he doing on that commitment?
Feel free to explain how banks "prey on the working class" as I am sure you have plenty of examples...
If someone makes a claim like that they really should be able to back it up? Don't you agree?
What a ghoul
I’m angry.
I wasn't worried before this.
Such selfishness and greed!
It's trump's fault he caused me to trip"
Anyway the US did pretty well coming out of the great recession, especially once Obama came in, but the big mistake was bailing out Wall St rather than Main St
Take care of consumers and businesses will do fine. But demand side economics isn't popular among the elites
If the wealthy aren't happy then there is no middle working class.
Millionaires and Billionaires: "Who the hell is WE?"
Expect massive bailouts again in 4 years.