I really don’t know if we are on the verge of another credit crunch caused by a collapsing banking sector but really should we even be worrying about this?
Shouldn’t the post 2008 banking reforms have made this impossible, shouldn’t bad banks be ring fenced, huge banks which pose a systemic risk heavily regulated and tested to destruction?
Isn’t that what we were told would happen? It is a one off, never to be repeated once in a lifetime mistake, we won’t make you bail them out again.
Well banks it seems cannot be allowed to fail, again.
You need forcing back to work, laws need curtailing to withdraw your workers rights, wages need squeezing but bankers, they can pay themselves a fortune, go bust and be bailed out.
This is not capitalism or anything like it, it is a rigged system paying millionaires a fortune to risk the economy’s future for a bigger return and bailing them out when it goes wrong.
This is an institutionalised con.
Absolutely spot on. This deserves a much wider audience
Can we have a Venn diagram of UK and US banking deregulation supporters, Brexit advocates and Trump/MAGA supporters?