Goldman Sachs Head During Financial Crisis Says He "Smells" a Similar Crash Coming
6h 23m ago by lemmy.world/u/return2ozma in news from futurism.com
“When you lose money for individual consumers — i.e. taxpayers and citizens — people in government get very, very upset. Regulators get very, very upset,” Blankfein said.
Normally… yeah. Under this regime? I genuinely doubt they’d give a single fuck.
Maybe if those individuals are rich. Everyone else has been getting screwed without the government caring for a long while. It's why so many had foreclosed on their home in 2008 while big banks were bailed out and their execs rewarded themselves with big bonuses.
No shit. lol
It's going to be a double wammy. AI bubble bursts + printing billions of new dollars to pay for war
No, Donnie just filled his diaper again
A economic crash is when us peasants lose money. An economic boom is when the guillotine chow gains money.
I was going to make a Rock comment, then maybe I thought I’d make a Police comment. Then I wondered why people keep smelling things.
I can feel coming in the air tonight
Man… I’m an idiot - thought it was “I can smell it coming in the air tonight”
Lol that's Genesis. The Police was "Canary in a coal mine"
Not Genesis - just Phil Collins.
Yikes – I’m double idiot.
For the love of pete, that's Green Day.
(Just having fun with it. post contains no heartfelt accusations of idiocy)
Whether I agree or not, someone like this sharing an opinion is enough to move markets.
Damn, who financial crisesed in here?!?
LOL. Everyone knows that, the problem is no one knows when the hammer gonna drop. Could be today, could be three years from now.
Everyone wants to make money while everyone is making money. As in, you cant afford not to be on board.
When the correction comes it might be 5% it might be 50%, but we all gonna be in it together.
I guarantee it won't take three years, nor will it be anywhere near the low end. Odds are it will begin in earnest once the lying thieves are voted out of office, and those trying to clean up the mess will take the fall for what the thieves have done to the economy. So, the "middle of the road" flip-flopping morons who don't understand that - nor care to - will eventually switch back to voting for the lying manipulators who tell them what they want to hear, and "look, see! The others are terrible at keeping the economy going!"
I'm SO fucking sick of people.
You're in luck, they're going to die in droves.