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Warpy

(113,131 posts)
1. OK, that quote did make me laugh out loud
Sun Mar 12, 2023, 01:33 PM
Mar 2023

since I knew exactly what he's talking about. He might be referring to the 2008 debacle, but he could be talking about what's going on again today. More deregulation has occurred, the loans are even shakier, and it's not going to take a whole lot for the whole business to collapse again. Rooms are still full of cigar chomping bully boys who think since they've got control of a lot of money, that has conferred superior wisdom upon them and they're impervious to anything but the sounds of their own voices.

So yeah, we're set up to have it happen again, deregulation like playing Jenga with the economy, remove one regulation too many and the whole thing is a pile of rubble. Only when the bully boys are broke can the regulators appear and start fixing things.

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