Firstly, it never ended. They just hooked the money printer up and left rates near 0 for a decade. None of the underlying issues were actually fixed. They didn’t stop over leveraging MBS, they just expanded to commercial real estate and auto loans.
Further, that’s just the scapegoat. The MBS shit was just used as collateral. The problem was they were shorting VW massively and Porsche bought controlling interest causing a massive short squeeze and the computers that listen to rules liquidated their asses to cover.
Oops.
2021 was basically the same thing with GameStop. Massive illegal short positions causing short squeezes when the banks cheat and lose.
When you look into cellar boxing and the Sec’s absolute refusal to do anything about obvious crime certified by statical analysis under both flavors of administration over decades there really is no other conclusion to come to beyond the uniparty leading us all to a fate of their donor’s choosing.
They’re either oblivious and incompetent or wholly complicit…
Then on the other front of Occupy Wall Street in response… The protests (undermined by billionaire ownership) were full of plain clothes cops inciting violence to get SWAT in. The ridiculous attention seeking X slams Y headlines increased something like 1600% post OWS as a direct effort to schism society over every line it could make up and why millennials started being blamed for killing everything ridiculous and wanting raises became entitled quiet quitting.
But we get heart warming stories about elementary school kids paying their parents cancer bills with bracelets made out of their lost hair.
To the point of 2008 specifically-
Firstly, it never ended. They just hooked the money printer up and left rates near 0 for a decade. None of the underlying issues were actually fixed. They didn’t stop over leveraging MBS, they just expanded to commercial real estate and auto loans.
Further, that’s just the scapegoat. The MBS shit was just used as collateral. The problem was they were shorting VW massively and Porsche bought controlling interest causing a massive short squeeze and the computers that listen to rules liquidated their asses to cover.
Oops.
2021 was basically the same thing with GameStop. Massive illegal short positions causing short squeezes when the banks cheat and lose.
When you look into cellar boxing and the Sec’s absolute refusal to do anything about obvious crime certified by statical analysis under both flavors of administration over decades there really is no other conclusion to come to beyond the uniparty leading us all to a fate of their donor’s choosing.
They’re either oblivious and incompetent or wholly complicit…
Then on the other front of Occupy Wall Street in response… The protests (undermined by billionaire ownership) were full of plain clothes cops inciting violence to get SWAT in. The ridiculous attention seeking X slams Y headlines increased something like 1600% post OWS as a direct effort to schism society over every line it could make up and why millennials started being blamed for killing everything ridiculous and wanting raises became entitled quiet quitting.
But we get heart warming stories about elementary school kids paying their parents cancer bills with bracelets made out of their lost hair.