There were some rules that were made after 1929…right? Those rules got ditched and things have been significantly deregulated since. In 2008, a case can be made that Obama’s push for an infrastructure bill was what really saved the economy back in 2008. Deregulating banks to the extent we have then still backstopping them this way is neither wise nor fair. It is going to end badly. The Fed’s independence is clearly non-existent and it appears has significant input on what happens there

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