3 ms·
Declaring defeat seems a bit much, considering that we haven't had another catastrophe similar to 2008. That seems pretty successful, so far? (The pandemic was
by skybrian 2y ago
Declaring defeat seems a bit much, considering that we haven't had another catastrophe similar to 2008. That seems pretty successful, so far? (The pandemic was bad, but banks mostly didn't collapse.)
- arunabha 2y agoBut by the same metric, The great recession hadn't happened before 2008 so it would imply that the rules up to 2008 were sound? With hindsight we know that the rules were far from sound and allowed banks to take on massive risk which they dumped on the taxpayers as usual.
- immibis 2y agoIIRC 2020 was about to be one, then the Fed tripled/quadrupled the money supply.