Doom and gloom?
I don’t think so.
I usually listen to these guys at 1.75 speed.
Try 2 if you can understand to save time, not that they BS a lot.
How far will this catastrophe go? It’s a take down in epic fashion.
1 Like
Whose Signature Is on the Banking Crisis?
Picture, if you will, a 16-term congressman who plays a major role in overhauling the nation’s regulation of banks. He then retires and joins the board of directors of a New York-based national bank traded on NASDAQ, a bank with assets of about $50 billion. As a former congressman and member of the bank’s board, he lobbies Congress to loosen the rules for banks like his, making the not-insane argument that the rules for a bank with about $50 billion in assets shouldn’t be the same as the rules for a bank with $1 trillion or more in assets.
Imagine that while this congressman was still serving in the legislature, he denounced two of his former staffers who had gone to work as lobbyists for banks, saying of one of them, “It never occurred to me that he would jump so quickly from the committee staff to an industry that was being affected by the committee’s legislation. When he called me to tell me that he was in conversations with them, I told him that I was disappointed.” The congressman instructed his current staffers not to talk with former staffers who had gone to work for banks. But this congressman sees nothing wrong with himself going to work for a bank, and urging his colleagues to vote a particularly way on additional bank-regulation reforms.
Imagine that two years after the congressman joined the bank’s board, the New York state attorney general put the congressman’s bank atop her list of banks that loaned the most money to the landlords on the state’s Worst Landlords Watchlist.
Imagine that the bank’s former director — a former senator from New York — warned that the bank was getting too heavily involved in cryptocurrency and taking its “eyes off of that small entrepreneur.”
Imagine that the congressman’s bank came under the scrutiny of the U.S. Department of Justice and Securities and Exchange Commission, over concerns that the bank didn’t take sufficient steps to detect potential money laundering by clients, such as scrutinizing people opening accounts and monitoring transactions for signs of criminality.
Imagine that a former executive claimed that employees at the congressman’s bank kept their jobs despite being accused of a $1 million wire-fraud scheme.
Imagine that the New York State Department of Financial Services suddenly took possession of the congressman’s bank, making it the third-largest bank to fall into financial failure in U.S. history.
Then, imagine that in an interview with the Financial Times, the congressman explained why he joined the failed bank’s board of directors: “I need to make some money.” The congressman received nearly $2 million in cash for serving on the bank’s board over the past eight years, for what is characterized as “a (very) part time gig.”
But you don’t have to imagine anything in that scenario, because all of that really occurred with Barney Frank, the former Democratic congressman from Massachusetts and co-architect of the Dodd-Frank Act, who went on to serve on the board of the now-shuttered Signature Bank.
If Barney Frank were a Republican, he would be the face of the current banking crisis. He would already be on the covers of magazines and the front pages of major newspapers, on television all the time, and the subject of condemning profile pieces. If Frank were on the right, he would be the villain of this story already, and ipso facto evidence of the greed, incompetence, malevolence, and recklessness of the GOP.
The banking crisis and the wars are related.
I personally understand the financial world so little that I take the word of specialists for it.
1 Like
2 Likes
There could be 1000 guys a day on the internet saying the same thing, and no one is going to listen… even though it’s happening right under their noses. Even if they/we did listen… what is it they/we are going to do about it? What can we actually do about it?
Protest? Have a tea party? Withhold the purse?
Protest how? What good does protesting do? What good has it ever done? Jan. 6 worked well…lol.
Tea party? That’s interesting, but what are we going to throw in the harbor?
Withhold the purse? Sure. How does that work when almost everyone gets paid with direct deposit? Taking all your money out of the bank isn’t feasable. Almost everyone pays bills electronically through their bank these days. They would shut down withdrawling all your money anyway.
The only thing that is going to have any impact on this out of control, seriously corrupt government is another civil war… and I doubt seriously that the country as a whole would ever come together for that.
Then I guess digital enslavement awaits for people like you and me because we have resigned ourselves to indifference and apathy to do anything about it.
I didn’t say do nothing about it. I said WHAT do we do about it? What will work? Exactly what are we supposed to do? I’m not hardly apathetic about it… I just don’t know what to do about it. Truth be told, none of us knows what to do about it.
That is true. I am just spitballing some ideas out, however you mentioned previously a civil war breaking out and we as a country are no stranger to that either. Hell if the French can revolt to change the course of history so can anybody else for that matter. Of course that is not something I would condone lest my anger and frustration gets the better of me, but there comes a breaking point when society completely breaks down that the masses will revolt. The Visigoths sack the shit out of Rome, and the same can happen to America.
1 Like
We can only try are best.
We can only try are best.
The Jizzer again with his 6th grade writing ability while using his pseudo account!
1 Like
The correlation between the two has always existed since man invented such systems.
I think rioting with these might actually be more effective than with guns. We’ll just kill them with laughter!
1 Like