Reasons the banking crisis isn’t a repeat of 2008

Re:Reasons the banking crisis isn’t a repeat of 2008 by monero-xmr on Saturday March 25, 2023 @01:43AM (#35299833)

I would argue the perceived haphazardness is an advantage. The more centrally planned the economy, the more likely an incompetent government takes power and mucks it up. Part of America’s genius is the (fairly) restricted powers and decentralized nature of responsibility.

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Re:Reasons the banking crisis isn’t a repeat of 2008 by TheOtherHobbes on Saturday March 25, 2023 @06:30AM (#35301280)

Is this why the US financial system blows up so regularly?

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Re:Reasons the banking crisis isn’t a repeat of 2008 by ptero on Saturday March 25, 2023 @08:00AM (#35301792)

That may be. But whatever those blowups are they tend to be a lot less damaging than at other places.

I lived through two growing up, and both times almost everyone lost almost all money. I will take the risk on my US bank account over those any time. My 2c.

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Re:Reasons the banking crisis isn’t a repeat of 2008 by CamperBob2 on Saturday March 25, 2023 @08:29AM (#35301997)

And why it recovers so quickly.

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Re:Reasons the banking crisis isn’t a repeat of 2008 by refurb on Saturday March 25, 2023 @10:40AM (#35303079)

Asian financial crisis? Euro crisis? It’s not unique to the US.

It just makes headlines.

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