News for hackers. Stuff that matters.
Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by Circumnavigate on Thursday March 07, 2019 @02:14PM (#19331147)
Glass-Steagall needs to be repealed.
Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by olliej on Thursday March 07, 2019 @02:31PM (#19331337)
Why? Do you have a better solution that doesn’t involve bankrupting individuals and paying out corporations who gambled on other peoples money?
Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by jressey on Thursday March 07, 2019 @02:49PM (#19331543)
Are you cosplaying as the Monopoly man? Nobody who lived beyond the 1920's thinks this is a valid idea.
Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by AnimalMuppet on Thursday March 07, 2019 @04:26PM (#19332637)
I think those replying (and downvoting) need to adjust their sarcasm detector and re-read.
Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by mrguyorama on Thursday March 07, 2019 @04:55PM (#19332918)
Except there are plenty of people who truly believe that, and it's hard to tell the difference anymore
Re:Regulators Move to Ease Post-Crisis Oversight of Wall Street by AnimalMuppet on Thursday March 07, 2019 @05:05PM (#19333021)
There's plenty of people who believe that Glass-Steagall needs to be repealed? It was repealed in 1999 (the relevant parts, anyway). That's part of how we got to 2008.

Anyone who believes that Glass-Steagall needs to be repealed is literally two decades behind on the news.

That's why I think that it was sarcasm. "We need to remove the post-crisis oversight" is being compared to repeal of Glass-Steagall. That helped create the next (2008) crisis; the implication being that ending the post-crisis supervision will help create the next crisis.