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Nocturtle posted:Matt Levine's most recent Money Stuff newsletter is frustrating. They essentially blame bank regulators for causing the SVB bankrun through inadequate supervision. They also note that since all US bank deposits are now effectively guaranteed by the Federal govt there is an incentive for bank executives to take even more bad risks. However they again conclude that the govt simply needs to regulate banks more effectively. There's no acknowledgement that govt regulatory oversight was systematically undermined by the industry's own lobbying efforts, or that there's no realistic prospect to effectively regulate the financial industry in the current political system. Presumably a former banker writing for Bloomberg isn't likely to be making those points but they're obvious omissions. The house always wins.
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Mar 15, 2023 03:44
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| # ? May 26, 2024 00:43 |
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Willa Rogers posted:The house always wins. Or rules for thee but not for me. I would be surprised so many people are shocked and bewildered at clear evidence of life not being fair however the goldfish brain meme exists for good reason. We just get to watch it play out.
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Mar 15, 2023 03:53
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Shear Modulus posted:the regulators need to Regulate Harder is the business world version of the democrats' solution to all political problems being that voters need to Vote Harder. Up until they retire from congress, after which they run thru the revolving door & become paid political "influencers" on behalf of the industries they once "regulated."
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Mar 15, 2023 03:54
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https://twitter.com/AFLCIO/status/1635757324345257986
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Mar 15, 2023 03:59
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Willa Rogers posted:Same with dailykos, down since last night. Been seeing a lot of instability on all the big websites lately. Even YouTube's been acting up.
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Mar 15, 2023 03:59
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I was floored when it passed and i'm floored they're repealing it. Maybe good things can happen?
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Mar 15, 2023 04:03
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Mirthless posted:I was floored when it passed and i'm floored they're repealing it. Maybe good things can happen? how dare you say this in a thread dedicated to doomers and doomerism just kidding. so long as you don't credit and praise democrats for this right-to-work repeal, you're probably safe... (USER WAS PUT ON PROBATION FOR THIS POST)
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Mar 15, 2023 04:13
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Thorn Wishes Talon posted:how dare you say this in a thread dedicated to doomers and doomerism Got his rear end
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Mar 15, 2023 04:21
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thechosenone posted:I wonder if you can say that this current situation is a result partially of the inability of those in power to consolidate their strength by shoving opponents. There definitely is absolutely nobody in-charge politically. Everyone in power is basically a decrepit mummy, a failson, and/or a Buttigieg-style ladder climber looking for a cushy, do-nothing job. An entire political class whose response to any crisis is to just shrug and say "buddy what do you want me to do? I wasn't even supposed to be here today!"
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Mar 15, 2023 04:22
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oh ho you better praise dems for doing one minor good thing
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Mar 15, 2023 04:22
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Finally a state did it.
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Mar 15, 2023 04:24
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Oglethorpe posted:tomorrow's the day you can make that AI say anything though
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Mar 15, 2023 04:26
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The latest CPI data released Tuesday morning shows that inflation remains elevated but the temperature is coming down, showing that annual price increases continued to slow in February. CPI measured 6% for the year ended in February, down from January’s 6.4% and in line with economists’ expectations.
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Mar 15, 2023 04:27
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cool av posted:you can make that AI say anything though Well... Not anything
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Mar 15, 2023 04:30
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Mr Hootington posted:Finally a state did it. Thank you Biden! 
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Mar 15, 2023 04:35
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he’ll yeah
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Mar 15, 2023 04:36
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oh i guess were happy to lose rights here, smdh
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Mar 15, 2023 04:36
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A sad day for 
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Mar 15, 2023 04:38
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work is a privilege I do not deserve
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Mar 15, 2023 04:51
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Breaking: Abolition of Right to Work in Michigan leads to Millions of Jobs Lost
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Mar 15, 2023 04:54
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Guess who served on their board of directors for a couple of years? https://investor.signatureny.com/pm...rs/default.aspx 
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Mar 15, 2023 04:55
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cool
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Mar 15, 2023 04:57
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So why is it called "Right to Work" when the description is anything but?
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Mar 15, 2023 05:09
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? Same reason anti-abortion religious nuts are called "pro-life"
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Mar 15, 2023 05:10
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? it's right to work without being required to pay union dues, but they leave off the second part
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Mar 15, 2023 05:12
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? Because the rights given to someone within a given society are done so through a social contract enforced by violence or deprivation, usually through an entity that directly affects the quality of your livelihood.
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Mar 15, 2023 05:13
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? because we live in a nation of lies op
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Mar 15, 2023 05:16
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? it's like when the two parties in Australia are the liberal party and the labour party or like when public schools in the UK are... the opposite of that or like when "graft" means both "hard work" and "corruption"
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Mar 15, 2023 05:18
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gradenko_2000 posted:or like when public schools in the UK are... the opposite of that what is up with this anyway
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Mar 15, 2023 05:22
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? When unions were strong(er), if you wanted to work at a particular place you needed to join the union or else you wouldn't be able to work. So the capitalists passed a law saying that you had the "right to work" without having to go through those goshdarn onerous union memberships and paying dues and going to meetings. Et voila, they have exploitable labor force that didn't have unions backing them. If it seems like a bizarre way to phrase it that's because unions have largely vanished from the American public consciousness so there's a gaping and conscious void there that everyone steps around without remarking on it.
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Mar 15, 2023 05:23
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It's funny because for the most part Unions are bananas popular and nobody knows why.
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Mar 15, 2023 05:30
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Beeftweeter posted:what is up with this anyway My understanding is that back in the day "Public schools" were the ones were you could get in if you just had enough money, whereas the really selective ones required the right breeding.
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Mar 15, 2023 05:31
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Beeftweeter posted:what is up with this anyway The public schools in England are that anyone can apply for admittance, regardless of where they live, what sort of trade their parents were in, religion, those sorts of things. So in that sense they were open to the public, as opposed to only some subset of the population. (but it was all rich fucks sending their boys off to rub shoulders with the rest of the rich fucks)
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Mar 15, 2023 05:31
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gradenko_2000 posted:it's like when the two parties in Australia are the liberal party and the labour party "democratic party"
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Mar 15, 2023 05:31
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super sweet best pal posted:So why is it called "Right to Work" when the description is anything but? It's called the right thing, same as the patriot act and dont you DARE question it.
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Mar 15, 2023 05:33
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"the name of a piece of legislation is generally the opposite of what it actually does" - george carlin, i think
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Mar 15, 2023 05:41
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Good job Michigan. Now repeal at will employment.
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Mar 15, 2023 06:02
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by making this new thread i have saved the economy. yes, that's right. i am the fed and calling attention to market failure causes number to rise. doomsday economics has been a successful bailout plan.
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Mar 15, 2023 06:54
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Pulcinella posted:There definitely is absolutely nobody in-charge politically. Everyone in power is basically a decrepit mummy, a failson, and/or a Buttigieg-style ladder climber looking for a cushy, do-nothing job. An entire political class whose response to any crisis is to just shrug and say "buddy what do you want me to do? I wasn't even supposed to be here today!" That's probably the most hosed up. There are of course some truly heinous people in power, but the system is probably mostly autopilot, and we don't train people to buck it because political imagination died sixty years ago.
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Mar 15, 2023 07:00
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| # ? May 26, 2024 00:43 |
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anime was right posted:by making this new thread i have saved the economy. yes, that's right. i am the fed and calling attention to market failure causes number to rise. doomsday economics has been a successful bailout plan. hedgie scum
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Mar 15, 2023 07:07
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