Originally posted by: PJ Stroh
You should note that a key promise of the Trump administration is to deregulate the economy - specifically the banks. And specifially the Dodd/Frank bank stress tests that make sure they have enough money to cover their loan losses as oppossed to being bailed out by the government again.
For some reason people think this is a good idea. And it probably will feel like it right up until we get another Lehman Brothers.
George W Bush came into office with his infamous "kinder, gentler SEC" that would get its boot off the neck of our free market economy. ANd it took less than a year before we had the Enron and MCI Worldcomm bust.
How long will it take for our free market economy to implode when we take the boot off its neck this time?
There's a huge ideological gulf between how liberals and conservatives regard corporations. Liberals view them as amoral robber barons who will rob, cheat, and steal unless tightly monitored and regulated. Conservatives view them as noble engines of the American economy and worthy of great admiration and governmental deference.
Any even cursory study of American history, both recent and stretching back into the 19th century, will show which viewpoint is correct.