• 0 Posts
  • 19 Comments
Joined 1 year ago
cake
Cake day: July 1st, 2023

help-circle




  • Man, if it were just this then banks would be pretty stable.

    The problem is banks don’t just lend and receive money, they invest. And they invest in everything. And they take super risky bets.

    This is what caused the banking collapse of 2008 and what caused the death of SVB and a few other banks.

    Your bank doesn’t just hold your money and debt, if you rent it almost certainly owns a peice of the company managing your property. It owns crypto assets. It has shares of startups. And it uses those assets to get more money to create more debt.

    Dobb Frank was created to stop some of this, but unfortunately it’s been effectively repealed already.








  • Well, I’ll just add that even if this is true it will sway nobody.

    Trump is a rapist caught on tape bragging about how easy it is to assault women. Very few Trump supporters are unaware of this fact and yet that are still Trump supporters.

    That he’s assaulted women simply isn’t newsworthy for his fascist followers. He’s hurting the right people and that’s all that matters to them.

    Sadly, about the only thing he could do to lose support would be to insult his followers or the USA. They’ll forgive him for pretty much anything else, including rape and murder.