Yes, I'm aware of that. Do we actually want to rerun 2008 again, though? Are people expecting it to have a different, better outcome and not a different, worse outcome or just the bailout again?
The hedge funds aren't structurally important. Brokerages start to be. Retail banks definitely are.
They probably don’t understand. If they do understand, they don’t seem to care.
There are a lot of people under the age of forty who don’t feel like they are benefiting from our current system. When the Boomers hit age 35, they owned approx. 21 percent of the nation’s wealth. Gen X plummeted down to 9 percent. Millennials are on track to own about 3-4 percent. This is according to the Fed.
They make less, own less, don’t see themselves or their interests represented at the highest levels of our government, and are fed up.
So, yes, the young would suffer more than the wealthy, the elderly, and the connected in an economic collapse, but they don’t seem to care.
Well said. And these people under forty (to reduce everything to simple terms) divide themselves into roughly equal camps. Some see the problems as fatcats/gov not doing enough to help the poor. The other side sees the fatcats/gov not doing enough to help citizens as opposed to certain elites and all here because of illegal entry.
Both are right to a large extent, and both are slandered as evil/racist/etc. by the other side.
The hedge funds aren't structurally important. Brokerages start to be. Retail banks definitely are.