Remember the YUUUUGE crash of 2007-8, under GW and The Dick?
It was caused by Big Banks recklessly pursuing huge profits, and losing, SOO, there were rules put in place to keep it from happening again and throwing the country into another financial crisis.
WELLL, Dotard’s henchmen, while we’ve been distracted with the pandemic that was exacerbated by Fat Donny’s incompetence, have successfully overturned those rules, so the banks are again allowed to play fast and loose with depositors money, knowing that if/when the fail there will be no consequences and the taxpayers will bail them out again.
Nice casino, financed by us. If they win, they get YUUUGE payoffs, if they lose, no problem.
Thanks again Dotard, and thanks to the gullible, ignorant sheep who elected the Russian backed Pathological Liar.
The Federal Deposit Insurance Commission said they would allow banks to more easily make large investments into funds such as venture capital funds. Banks will not have have to set aside cash for derivatives traders between different affiliates of the same firm, freeing up more capital for speculation.
And, in other news:
WELLL, Dotard’s henchmen, while we’ve been distracted with the pandemic that was exacerbated by Fat Donny’s incompetence, have successfully overturned those rules, so the banks are again allowed to play fast and loose with depositors money, knowing that if/when the fail there will be no consequences and the taxpayers will bail them out again.
Nice casino, financed by us. If they win, they get YUUUGE payoffs, if they lose, no problem.
Thanks again Dotard, and thanks to the gullible, ignorant sheep who elected the Russian backed Pathological Liar.
The Federal Deposit Insurance Commission said they would allow banks to more easily make large investments into funds such as venture capital funds. Banks will not have have to set aside cash for derivatives traders between different affiliates of the same firm, freeing up more capital for speculation.
And, in other news:
- Two Justice Department officials sat before a congressional committee yesterday and stated plainly that President Trump and his attorney general, William Barr, had interfered in criminal and antitrust cases to advance their own personal interests.
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