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☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · 1 year ago

Bad property debt exceeds reserves at largest US banks

www.ft.com

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Bad property debt exceeds reserves at largest US banks

www.ft.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · 1 year ago
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  • [email protected]

https://archive.ph/snNkw

  • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
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    1 year ago

    we bailed them out last time, and they learned nothing… so we are letting them fail this time… right… RIGHT?

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year ago

      Oh they did learn something, specifically what they learned is that there is zero risk to making bad because public funds will be used to bail them out.

      • huf [he/him]@hexbear.net
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        1 year ago

        the entire system is based on stolen labor at every level and there are never any consequences for these fucks, why would this specific form of labor-stealing be special? :)

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          1 year ago

          exactly

      • ☭ Comrade Pup Ivy 🇨🇺@lemmygrad.ml
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        1 year ago

        Ok fair… I did not account for their learning that there is no risk. That is my bad and I should know better

    • redline@lemmygrad.ml
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      1 year ago

      no it’s completely different it’ll be a different financial instrument that collapses the economy, you just can’t predict that silly!

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