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We had protection against this shit. It was called the Glass-Steagall Act. But rich people weren't getting rich enough, so they were yet again allowed to play w
by jzellis 4y ago
We had protection against this shit. It was called the Glass-Steagall Act. But rich people weren't getting rich enough, so they were yet again allowed to play with other people's money.
That never, ever turns out well, because it turns out that most capitalists are clever at getting rich and fantastically stupid at understanding how systems work at a macro scale. Which is how we got 2008 and what's about to happen, which is gonna be hilarious, for "19th century Russian novel" values of hilarious.