Comment on How likely do you think there will be a run on the banks?
xmunk@sh.itjust.works 6 days ago
Unlikely unless Trump crashes the bond market by refusing to honor treasuries. If that happens a lot of banks will be underwater in assets.
Comment on How likely do you think there will be a run on the banks?
xmunk@sh.itjust.works 6 days ago
Unlikely unless Trump crashes the bond market by refusing to honor treasuries. If that happens a lot of banks will be underwater in assets.
DankOfAmerica@reddthat.com 6 days ago
He would not survive something that stupid.
SuperCub@sh.itjust.works 6 days ago
I think you’re right but I wouldn’t put it past Musk and Trump
Modern_medicine_isnt@lemmy.world 6 days ago
It’s not that he wouldn’t do it… but that it would hurt rich people, so they would litterally kill him. Then Vance would come in and assure everyone that the US would make good on them all.
SuperCub@sh.itjust.works 6 days ago
We saw how he reversed his Mexico and Canada tariffs soon after the stock market plunged, so he still cares about the rich who have their money in stocks. He’s also fired federal nuclear arms employees, and is trying to rehire them. So, I think he will easily make this mistake too and try to reverse it afterwards.
Death__BySnuSnu@lemmy.world 6 days ago
One thing I’ve learned over these past 8 years is to never underestimate his stupidity.
obviouspornalt@lemmynsfw.com 6 days ago
You’re right, but neither would we.