We've seen this movie before. The financial industry pushes for deregulation. The financial industry takes on more and more risk because it pays in the short run to gamble with other people's money. Then the gambit eventually fails and these idiots need to be bailed out in order to protect the larger financial system. Why do we keep letting these jackasses get away with this?
Rachel Maddow had this story on her broadcast tonight (3/23/2023). She interviewed Elizabeth Warren who blamed the former President (dt) for his major role in the deregulation of the financial industry.
The customers of the banks should be advised of the laws involved in extremely large deposits. If they want to take the risk, they know the consequences. The small depositors are the ones that should be protected.
Spot freaking on—unfortunately.
Yup-I've heard this song before-SPLAT!
Rachel Maddow had this story on her broadcast tonight (3/23/2023). She interviewed Elizabeth Warren who blamed the former President (dt) for his major role in the deregulation of the financial industry.
Lack of campaign finance laws.
A dozen times a day we must ask this very question: "Why do we keep letting these jackasses get away with THIS?" Thx NA. nickanderson.substack.com.
The customers of the banks should be advised of the laws involved in extremely large deposits. If they want to take the risk, they know the consequences. The small depositors are the ones that should be protected.
Brilliant!