4 ms·
The absurdity of referring to the stress tests and then refusing to understand what's in them is on you. You call it a "violent" reaction and talk about my "fa
by brvsft 3y ago
The absurdity of referring to the stress tests and then refusing to understand what's in them is on you.
You call it a "violent" reaction and talk about my "faith based" reality. Yet I'm the one who just read the stress tests and linked them here. I'm living in I-read-the-actual-stress-tests reality. You're not. So whose reality is faith based? And if there was anything violent about my reaction, it's to your arrogant, "Funny that you..." comment. Watch your tone.
Anyone with critical thinking skills who reads this exchange: seriously, go read the stress tests, look at the interest rates, and compare them to what interest rates currently are. The only reasonable conclusion is that the stress tests would not have prepared these banks in any meaningful way for what ended up happening.
Of course, none of this even means that regulations are bad, or that Trump-era rollback of regulations was good. It just means the existing regulations were inadequate anyway. And acting like the stress tests would have prevented anything is a disingenuous or ignorant position. In your case, it's ignorance.