May 6, 2023
It's such a mess, and not much has changed since 2008, despite Obama's promises of hope and change. Yet, no one wonders why Trumpism and the fascist right-wing groups evolved.
Raising interest rates exposed Zombie companies and vulnerable institutions, yet the FDIC paid $35 billion to save failing banks and allowed consolidation.
Regulation consists of regulating the sell-off of big banks to large financial corporations.
JP Morgan must be loving it!