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It would be darkly amusing- in that "throw yourself from the nearest bridge," sense- if we ended up in another great depression in roughly the same portion of t
by M_Grey 10y ago
It would be darkly amusing- in that "throw yourself from the nearest bridge," sense- if we ended up in another great depression in roughly the same portion of this century as we did in the last. That we have a new generation of robber barons is probably not a coincidence.
- hash-set 10y agoThe repeal of Glass Steagall had a great deal to do with our current predicament. That occurred during Bill Clinton's Presidency. The whole finance industry has much to atone for. Their greed has brought this nation to its knees. I don't need a chart to tell me that.
- M_Grey 10y agoIt did have a lot to do with it, but it's hardly the only problem. We didn't waste trillions in Afghanistan and Iraq because of investment bankers after all. We haven't spent the decades since Reagan gutting education and mental health infrastructures in this country because of investment bankers either.