3 ms·
I don't see where you get "government oversight is bad" from anything I said. I strongly believe that we should have strict government oversight of deposit acc
by skwirl 4y ago
I don't see where you get "government oversight is bad" from anything I said. I strongly believe that we should have strict government oversight of deposit accounts and that people should be able to have faith in the banking system. I don't think it's depositors fault that banks lobby to weaken this regulation and that the government goes along with it.
I agree that we don't know if the weakened regulations caused this - it's possible the regulators already had the tools in their belt they needed to prevent this and were asleep at the wheel. We will find out eventually.
- ajross 4y agoOK, I see what you meant now. FWIW: employing the phrase "corruption in the federal government" to refer to what was clearly lawfully drafted and correctly passed legislation marks you as kind of a wingnut, so I interpreted your point to be "see? we can't trust the government!" and not "the government did something bad". The fact that the 2018 bill was a bad bill with bad effects doesn't make it "corrupt". Congress debated it, congress passed it, the president signed it. All that happens in public; it's the opposite of "corrupt".
- skwirl 4y agoI think you would do well to not try to instantly bucket people into "my political tribe" or "the enemy political tribe." Not only is it lazy and harmful, you just aren't good at it. Plenty of people on the left would describe the relationship between members of congress and banking institutions to be corrupt.
- pksebben 4y agoTo add; "corrupt" and "legal" are frequently the same thing. Corruption is often about misbehaving within the confines of laws you wrote specifically to take advantage of. I've started to wonder if we have any other kind, frankly.
- deleted 4y ago[deleted]