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No, for a long time starting with the new deal, we had high finance with a much less toxic culture. The change happened because a bunch of conservative politici
by woodandsteel 10y ago
No, for a long time starting with the new deal, we had high finance with a much less toxic culture. The change happened because a bunch of conservative politicians persuaded the government that high finance is natural self-regulating and so it would be just fine to gut many of the key regulations. The crash of 2008 was one consequence. And Trump is very much on the financial deregulation side.