Prediction: Every one of these second-tier banks will be bailed out in the next financial crisis.
Relax! What could possibly go wrong?
BUbble, bubble toil and trouble. A curse from the pages of MacFed
Where’s Eustace? We need the plutocrat’s perspective here.
The bubble is already about to burst, so yeah, let’s relax the rules so that the financial types can steal even more. Smart, smart, smart move. Even the WSJ is saying a serious recession is just around the corner, others are saying 2020, just in time for the next election.
Examples:
Come 2020, the stage will be set for another downturn – and, unlike in 2008, governments will lack the policy tools to manage it.
Are we headed for a recession in 2020? Commonwealth CIO Brad McMillan says while a downturn may be ahead…
Forbes, The Guardian, Bloomberg, USA Today, FNLondon, Pimco, and others all have been writing about the coming recession.
No, the banks will not accept a Bail Out such as Obama’s again. They’ve determined it is too risky politically. So, the Senate Banking Committee just passed new regulations written by the banks. It now allows the banks to confiscate all of our deposited money upon the next collapse threatening them. They are calling this a “Bail In” as they’ll simply assume ownership of all deposited funds, period. This new bill discusses the law enforcement angle of a revolutionary war over this, not surprisingly. Here is the new law and comments by many, including an accurate interpretation by the writer. I’ve talked to my local Cortez, CO bank about this already. The MSM will NEVER discuss or mention this as it’ll encourage civil war sooner:
http://www.informationclearinghouse.info/50006.htm.
Here is the latest warning of incoming financial disaster and Major Recession (the 2008 collapse is trivial compared to what’s in store next), written by the IMF:
https://popularresistance.org/great-depression-ahead-imf-sounds-dire-warning/.
Just in time for the Democratic takeover in 2021, right? As always.
So “Trump and Republican lawmakers have argued that the stricter regulations have constrained lending and economic growth.”. How can they say that and at the same time talk about the tremendous improvement Trump ha made to the economy? No need to respond. I know the answer. Hypocrites.