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“When you lose money for individual consumers — i.e. taxpayers and citizens — people in government get very, very upset. Regulators get very, very upset,” Blankfein said.
Normally… yeah. Under this regime? I genuinely doubt they’d give a single fuck.
Maybe if those individuals are rich. Everyone else has been getting screwed without the government caring for a long while. It's why so many had foreclosed on their home in 2008 while big banks were bailed out and their execs rewarded themselves with big bonuses.
No shit. lol
It's going to be a double wammy. AI bubble bursts + printing billions of new dollars to pay for war
A economic crash is when us peasants lose money. An economic boom is when the guillotine chow gains money.
LOL. Everyone knows that, the problem is no one knows when the hammer gonna drop. Could be today, could be three years from now.
Everyone wants to make money while everyone is making money. As in, you cant afford not to be on board.
When the correction comes it might be 5% it might be 50%, but we all gonna be in it together.
No, we're not all in it together. The poor 90% of the world will pay most of the bill as always, while the rich are quite well-off. And the ultra rich live in their own realms.
I guarantee it won't take three years, nor will it be anywhere near the low end. Odds are it will begin in earnest once the lying thieves are voted out of office, and those trying to clean up the mess will take the fall for what the thieves have done to the economy. So, the "middle of the road" flip-flopping morons who don't understand that - nor care to - will eventually switch back to voting for the lying manipulators who tell them what they want to hear, and "look, see! The others are terrible at keeping the economy going!"
I'm SO fucking sick of people.
Great, buy puts three years out or shut up.
Truth hurts, huh?
You're in luck, they're going to die in droves.
No, Donnie just filled his diaper again
Whether I agree or not, someone like this sharing an opinion is enough to move markets.
Damn, who financial crisesed in here?!?
I was going to make a Rock comment, then maybe I thought I’d make a Police comment. Then I wondered why people keep smelling things.
I can feel coming in the air tonight
Man… I’m an idiot - thought it was “I can smell it coming in the air tonight”
Lol that's Genesis. The Police was "Canary in a coal mine"
Not Genesis - just Phil Collins.
Wouldn't help if you were since it was released in the 80s.
That's the joke dot jpeg
No, really
It's the last verse in the song I linked, The Night I Laid You Down by Stephen Lynch. The singers are arguing about a Phil Collins song.
Yikes – I’m double idiot.
For the love of pete, that's Green Day.
(Just having fun with it. post contains no heartfelt accusations of idiocy)