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applegrove

(129,522 posts)
Wed Nov 26, 2025, 11:16 PM Nov 26

Trump gutting bank regulations. This won't end well for the USA.

Trump is gutting the bank regs set up after the ’08 Great Recession. The Fed governor in charge of bank regs is gutting regs and laying off 30% of staff. She weakened measures to detect possible failures, watered down bank supervision at the FDIC and gutted the Consumer Financial Protection Bureau.

(@trumpdisasters.bsky.social) 2025-11-26T13:48:59.214Z
8 replies = new reply since forum marked as read
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B.See

(7,498 posts)
2. That's why he gutted the Consumer Financial Protection Bureau.
Wed Nov 26, 2025, 11:25 PM
Nov 26

But according to that asshole he's "making America great."

applegrove

(129,522 posts)
3. They want a financially weakened middle class. The only people who do well in a recession
Wed Nov 26, 2025, 11:29 PM
Nov 26

are private equity and hedge funds (they can gobble up smaller businesses that were previously doing great).

lastlib

(27,299 posts)
4. There are literally TRILLIONS of dollars in unfunded liabilities out there.....
Wed Nov 26, 2025, 11:33 PM
Nov 26

....unregulated, waiting to explode as in 2008. Credit default swaps, other exotic derivative securities, exempted from the regulations passed in that aftermath (not that the regulations would help--when they're being gutted daily). Yes, the explosion heading our way will make 2008 look like a Sunday picnic without the lemonade. And The Felon is doing everything he can to accelerate the process. Tell me he's not a Putin agent bent on destroying this nation, and I'll tell you to go fornicate a saguaro.

patphil

(8,570 posts)
5. I get the feeling there is a banking disaster planned into project 2025.
Wed Nov 26, 2025, 11:37 PM
Nov 26

Remember in the 1980's and 90's when so many banks collapsed, and the US government bailed them out to the tune of over 150 billion dollars?
A lot was done to protect against such a thing happening again.
Sounds like Trump's undoing all that. Lets see who the big winners are if we see something similar during Trump's presidency.

BaronChocula

(3,872 posts)
6. The people who voted on egg prices
Thu Nov 27, 2025, 01:44 AM
Thursday

will have no clue that their 600% checking overdraft fee hike is because of their vote. So frustrating.

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