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bucolic_frolic

(49,409 posts)
1. Yes let's not forget the debt implosion of 2008-9 involved many entities
Sun Mar 23, 2025, 07:32 PM
Sunday

Freddie, Fannie, Lehman, General Motors, to some extent Ford, Washington Mutual, and many others, and all the QE1-2-3, Operation Twist in subsequent years. All to clean up overextended lending. In some ways the Madoff scandal was a prelude. And today we have Bitcoin and Crypto financial parallel systems doing things most of us don't comprehend.

Did the financial collapse enable the current fascist decay? Many too big to fail were fine in the aftermath. Working people with mortgages not so much at all, and most are beholden to the financial power and cultural torment we presently experience.

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