It’s incredible how predictable this country is. The market collapses following deregulation and overconcentration of wealth, there’s a period of necessary reform, then it’s dismantled and it happens all over again. The only thing that changes are the innocent people whose lives are destroyed - ThreadSky

jysexton.bsky.social • 72 days ago

It’s incredible how predictable this country is.

The market collapses following deregulation and overconcentration of wealth, there’s a period of necessary reform, then it’s dismantled and it happens all over again.

The only thing that changes are the innocent people whose lives are destroyed

Reposted from Chris Hayes

Oh hell yes, let's absolutely get rid of the FDIC. Would love to have re learn all the lessons of the New Deal again.

www.wsj.com/finance/regu...

Comments

ofhuman.bsky.social•72 days ago

It would be fine. There would be a day a month when peasants could line up to go and say, please, sir, help me pay my mortgage, I am your loyal subject. And not just once a month, but also on holidays

yesbiscuit.bsky.social•72 days ago

I often think of the time Trump, during the 2016 campaign, told Wolf Blitzer that handling the economy would be no problem if he was in charge because he would just print more money.

quesadilla79.bsky.social•72 days ago

Democratic party always leaves a surplus, moral and monetary. Republicans always leave a deficit, moral and monetary.

maltesefalcon1234.bsky.social•72 days ago

Those that fail to learn from history are doomed to repeat it.
-Winston Churchill

orwellonedibles.bsky.social•72 days ago

It’s doesn’t help that Democrats gleefully go along with bailing out the crooks every single time it crashes

jysexton.bsky.social•72 days ago

Yes

tripoley1966.bsky.social•72 days ago

I wonder how many CEOs we'll have to sacrifice this time?

ptryck.bsky.social•72 days ago

unfortunately, it is like pruning a fruit tree - it is done often to optimize the output.

I would argue that what trumpists are looking at now is not pruning but to cut down to stump & surround the tree with brambles as they want to destroy .. everything.

ptryck.bsky.social•72 days ago

well .. not everything.. they are planning to cement their power and make themselves rich in the process.