you republican fags are doing the same thing. they have us in a spin cycle. ditch parties. hold your values.
kind of a ridiculous topic. trump’s administration did raise the requirements of basl iii to larger banks thus excluding svp size banks, but the change was not unrealistic, the limit was raised from banks with 50B to banks with 200B, or something like that. blaming any one person for this disaster requires a 2nd grade mentality. the consequences we’ve seen with these banks, no one saw or predicted. blaming trump, biden, or a party is pretty dumb.
i think you might be a type a personality.
type a personalities don’t drone on online for hours a week. i am as far from a type a personality as they get. i am very type b. but i know how to light a fire under my ass when i need to.
This is the cozy relationship our govt has with big businesses fault. They want us redirecting our anger at the other side rather than the real culprits like they’re doing in France right now. It’s both republicans and democrats
We should both regulate and let banks go under, not bail them out and deregulate, that’s asinine
Every administration since Nixon is complicit.
Apples and bowling balls given the role banks play in the economy.
Ive been watching alot of mainstream news and apparently this Trump guy is a real bad egg.
You mean apart from the fact they lose their jobs and the shareholders are wiped out? The depositors get bailed out not management.
Does dummy think tax payers bailed out the bank?
Banks pay into FDIC
Anyone with money can get the govt to do whatever the fuck they want.
We’ve seen it over and over and over so this is no cause for surprise
If Trump won the second term things would be completely different.
We wouldn’t have had as massive a spike with inflation, he would have kept oil under control, Biden did the opposite. Oil is kind of important to food prices, everything that uses plastics, travel etc in case you didn’t know. Then there is the Ukraine war. Does Putin invade with Trump?
Does the Fed aggressively raise rates if there’s less overall inflation? Nope.
That’s what we hear every time a financial crisis happens.
Exactly. There’s so much going on right now I’m embarrassed to say I don’t even have the first clue what this whole bank crisis is about. It’s like these people thrive when the world is in chaos. We need to start taking a page from the French’s playbook
Trump living rent free in the Fed’s head
The FDIC is there to insure deposits less than $250,000. No one forced them to bail out every depositor who had tens of millions of dollars in SVB. That was their decision to rescue the donor class.
Banks were more honest when they were competitors in a free market. Once they were exposed as vulnerable of being insolvent due to fractional lending practices, it forced those banks to maintain much larger reserves. That all went away with the creation of the central bank issuing lines of credit to themselves and government.
that’s not true. lots of people called the housing bubble. and everyone saw the financial crash coming the second covid hit.
Even more ridiculous and stupid response. Where did I solely lay blame on Trump’s feet? Can you read?