You’re so right!! Remember in the early 80’s when they deregulated the Savings and Loan Banks, expanding their authority to make loans and reducing regulatory oversight? What a great idea, that was. Getting rid of those unnecessary regulations really stimulated greedy white collar and political criminals, they stole everything they could until the whole system crashed, and that deregulation ended up costing taxpayers a 160 to 175 billion bailout in today’s dollars.
What a deal, right? What a boon to the economy, what a next level brain you’re working with. You know, every time we hear someone cry about the need to deregulate, it’s either a pirateer looking to steal more money from the taxpayers, or a useful idiot who drank their kool-aid.
I was in Finance when the first part of the outcome of that shit hit in 2008 and subsequent years (and I say “first part” because we’re still living it and it looks a lot like there are still more 3rd and further order consequences of it unfolding for people) and damn, that shit really forced me to realize just how evil and hypocrite neoliberalism and neoliberals really are.
By the way, I absolutely counted as an “useful idiot” up to then.
You’re so right!! Remember in the early 80’s when they deregulated the Savings and Loan Banks, expanding their authority to make loans and reducing regulatory oversight? What a great idea, that was. Getting rid of those unnecessary regulations really stimulated greedy white collar and political criminals, they stole everything they could until the whole system crashed, and that deregulation ended up costing taxpayers a 160 to 175 billion bailout in today’s dollars.
What a deal, right? What a boon to the economy, what a next level brain you’re working with. You know, every time we hear someone cry about the need to deregulate, it’s either a pirateer looking to steal more money from the taxpayers, or a useful idiot who drank their kool-aid.
Ancaps would be so cute, if there weren’t people actually taking them seriously.
I was in Finance when the first part of the outcome of that shit hit in 2008 and subsequent years (and I say “first part” because we’re still living it and it looks a lot like there are still more 3rd and further order consequences of it unfolding for people) and damn, that shit really forced me to realize just how evil and hypocrite neoliberalism and neoliberals really are.
By the way, I absolutely counted as an “useful idiot” up to then.