Why is it all these fucking movies about the economic crisis of 2008 ends with "MORE REGULATION! MORE TRUST IN GOVERNMENT!"
I mean, the line in the Big Short "They knew there was going to be a bailout. They weren't stupid. They just didn't care." That alone should tell people that it's not about regulation. It's about letting businesses that make bad decisions fail like they should.
bump
come on guys. Discuss
ok, fuck you guys
I would like to discuss but I don't know very much about it.
(((Hollywood )))
valid point
>Why are these (((Hollywood))) films pushing a shitty political agenda
HMMM
The point these films is trying to get across is that government oversight would have prevented banks from starting the mess in the first place, a mess that directly caused total economic collapse for a large number of American families.
Remember that we're not talking about companies or corporations that make things here, we're talking about massive institutions that exist basically only to move money around. "More regulation" is a reasonable request when discussing banks. Hell, the government has had to personally step in and dismantle the entire banking system several times over the course of our history, under both right and left-wing politicians, to prevent them from jewing America into total financial collapse.
Right now basically all the players that perpetrated the 2008 crisis are still in the game, and are ready to start another round.
These movies are cancerous. I watched it with my bluepilled friend and he started acting like he was an expert on the topic afterwards.
They mix certain truths that they want to push in with some irrefutable facts and dramatization, making the average ADD retard think they're knowledgeable. Then they go around spewing the propaganda stuffed in their head, perpetuating a cycle of disinformation. Can't wait for Dunkirk and the evil Nazis.
Start? Things are about to collapse WAY way worse than in 2008 BECAUSE they bailed out the banks.
That's the free market. Bad business decisions fail.
Because they're brain dead libs who don't have the balls and tell their wife they didn't get the promotion.
GOVERNMENT IS GOOD YOU GUISE
TRUST YOUR FEDERAL GOVERNMENT
IF DEREGULATION CONTINUES,
CAPITALISTS WILL RAPE AND MURDER YOU.
THE STATE KNOWS BEST YOU GUISE
YOU DONT KNOW HOW TO LIVE YOUR LIFE SO WE'LL SHOW YOU HOW TO LIVE
WHY SHOULD YOU OWN SOMETHING WHEN SOMEONE ELSE DOESNT HAVE IT
IT'S OK IF THE FEDERAL GOVERNMENT KILLS PEOPLE.
IT'S BAD WHEN PEOPLE MAKE MORE MONEY
CORPORATIONS ARE MORE POWERFUL THAN GOVERNMENT AND THEY ARE TAKING OVER. BE AFRAID.
NEVER MIND THAT WE ARE ALSO INVOLVED IN CAPITALIST ENDEAVORS, IT'S JUST NOT OK FOR YOU TO BE.
TRUST YOUR FEDERAL GOVERNMENT. YOU DONT KNOW WHATS BEST FOR YOU.
YOU SHOULDNT BE ALLOWED TO FORM YOUR OWN OPINIONS. THE GOVERNMENT WILL DO IT
THE GOVERNMENT IS RESPONSIBLE FOR OVER 200 MILLION DEATHS IN THE 20TH CENTURY, BUT CAPITALISTS IS WHAT YOU SHOULD FEAR...OOOOHHHH EEEEEE AHHHH
dont most these films acknowledge to big to fail?
The big banks need to be broken up
agreed....smaller banks need to flourish.
FUCK CENTRAL BANKS
I don't care how big a bank is, I care that it's no longer held responsible for it's own bad decisions, which the bailouts do.
essentially this
you can't let the government allow a business entity to become too big to fail and then deregulate the industry
People make the mistake by seeing only one side of the issue. Yes the big businesses made horrible decisions, but it's always left out that this was enabled by big government. The implication is that government wasn't powerful enough to stop it, when it is actually government that ensures it keeps happening. The movies at best mention moral hazard like once, when its one of the biggest problems with our economy. I agree there should be government action, but the Jacksonian break up the bank type not the useless regulation type.
The American people are deceived into thinking we need more regulation when we need actual prosecution of fraud and to hold these guys accountable when they commit crimes.
Instead what we are peddled is a never ending series of regulations designed to consolidate banking to the few firms that can employ an economy of scale to afford to comply with the never-ending regs.
its absolute horseshit. The people who fucked everything up are too big to jail and are still in power about to legislatively enshrine themselves at the top with Hillary.
shameful,
I need another drink.
Socialists can't see the forest for the trees.
In fact, they can't even see some of the trees right in front of them. Features that are structurally inherent to the system are seen as nefarious examples of corruption that can be purged.
Also, they have this weird obsession with the allegation that the federal reserve is a private bank even though there isn't any evidence for this considering its stock is not publicly traded, so such records are not available to back certain claims. Allegations like foreigners owning the federal reserve can easily be refuted by going over the laws and voting rules.
But in the end, they operate under the same idea Neo-Keynesian premises that every other central bank operates under. It operates just like every other central bank in its role to be the lender of last resort and goal to stabilize unemployment and inflation and reduce volatility. The problem isn't a question of private or public. The problem is with having a central planner of money in the first place.
They become too big too fail because increased regulation drives up the cost towards the point only large institutions can do business. Having a bail out policy guarantees they will never go away. Changes in franchising laws is the only thing that would work
>dramatization
It seems to be the standard for modern documentaries. Regardless of the topic. Even if it's sugar or cows.
They are made by kikes stupid
That show is controlled oposition
I know, I'm agreeing with you. The government let them get this big either intentionally or accidentally because of the regulations, then did nothing to actually stop it once it became apparent letting these business entities get this large was a bad idea, then get rid of all the little regulations that stop lending to people who have no hope of paying shit off, banks operating over state lines, selling toxic mortgages, things like that. The fault lies on both sides of the coin here, the people in charge of the industry, and policy makers that instead of trying to alter the system to avoid another collapse, just stacked the dominoes up the same way while assuring everyone it won't happen again.
/thread
Jewwood has made raised the bar on what normies are willing to consume. The bread & circus meme is real, and the modern day standards for a circus is high.
They don't want cold hard facts, they want FLASHY "facts".
>"More regulation" is a reasonable request when discussing banks.
No it isn't. It's a knee-jerk reaction. Most people aren't interested at all in banking and its history. There's alot of insight to be gained on going over the function and success of clearing houses back in Free Banking Scotland or how America was fragile and heavily exposed to risk because unit banks were legally forbidden from branching out geographically.
It's already the most heavily regulated sector full of lending limits, withdrawal limits, and reserve requirements. You have 115 agencies regulating the financial sector itself and Bush tripled the SEC's funding. What more do you want? It's that one provision in Glass Stegall isn't it? That's nothing more than a red herring.
Even more effective than regulations would be ANTI-TRUST
TOO BIG TO FAIL IS TOO BIG TO EXIST
the modern monolith mega-banks should be busted the fuck apart, and the Federal Reserve audited the fuck out of.
As someone who works related to regulation in the IB of a big bank, let me give you my view:
- Regulation way too much at the moment. Completely ridiculous
- The additional costs Banks have due to increased regulation can only be financed with extremely cheap money.
- Hence in order to keep regulation as strong as it is atm, central banks had/have to keep money cheap.
- We have full fledged entered a liquidity trap where the central banks have lost all their traditional power by setting the interest. and now desperately have to keep buying assets to keep the very high costs somehow manageable.
Also, in my personal view, I think the current generation of central bank politicans are from the "Hippie generation" who will never do a financial tightening as they themselves, in their whole lives, have experienced a real tightening (nevermind the small hickups as the oil crisis/dotcom bubble). The moment shit really hit the fan and the central banks had to let the system crash to built it up properly from the beginning, they pussied out and took the easy path as they have done their whole life.
At the very best, the West is currently reliving Japan in the 1990es and will experience a decades-long slow but steady decline. At the very worst, the West will cease to exist as we know it.
>Even more effective than regulations would be ANTI-TRUST
There's no such thing as too big to fail. Standard Oil itself was deteriorating as competitors made better forecasts and got in on the Texas Oil rush (government didn't believe there to be any at the time).
Government itself holds the power to grant monopolies, legal privileges, and raises barrier to entry. It itself operate as one (monopoly on violence and crown corporations). Anti-trust is the champion of hypocritical farces.