The whole reason I started on Twitter was because Bank of America was trying to foreclose on my house and 800 other Washingtonians even though I was making the payments. So yeah. This is really... really... Great! (Twitter needs a sarcasm font)
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we're so fucked lol
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Sounds like we’re about to start working towards a future financial crisis.
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We should have hanged a few bankers after the 2008 bailout. That's all the regulation that's needed.
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What could go wrong?
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The whole point was to protect consumers and prevent them from footing a future bail out bill. Welp, there goes that plan... this is disgusting!
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That's what we need. Parasitic jackasses taking more risks with our money. 2008 was not serious enough. Let's try to see if they can top it ...
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And when will “risky” entrepreneurs get a reprieve from Volcker’s rule of risk weighted capital requirements for banks, which makes it harder than usual for them to access credit, so to have a chance to fulfill their dreams… and create jobs for other? https://subprimeregulations.blogspot.com/2016/03/here-is-explanation-for-genesis-of.html …
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If they agree to forgo their, “bonuses,” in the event X% of their investments belly up, ok.
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What could go wrong?
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Maybe they will bust the banking system again and insist on a government bail-out.
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