How many of those rules have been loosened or undone since the last time this happened? I seem to recall Congress trying to repeal Dodd-Frank, and traditional banks being allowed to merge with investment firms. We never seem to learn.
Comment on US regional bank stocks fall amid Wall Street concern over credit markets
jagermo@feddit.org 4 weeks ago
Hey, i’ve seen that once in a lifetime financial thingie that we promised to never let happen again and set up real strict rules against!
reddig33@lemmy.world 4 weeks ago
AlecSadler@lemmy.blahaj.zone 4 weeks ago
I think they meant once a quarter
shalafi@lemmy.world 4 weeks ago
What’s about to happen is what my grandparents lived as children. This isn’t cyclical recessions coming closer together, this is a black hole collapsing.