Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

gab13by13

(30,826 posts)
Sat Nov 29, 2025, 08:03 AM Saturday

Krasnov Is Setting Us Up For Another Financial Disaster.

Krasnov is working very hard to destroy the independence of the Fed. His ability to fire Lisa Cook will be ruled on this January by the Supreme Court. His attempts to fire Jerome Powell, his attempts to force Powell to gash interest rates are all designed to destroy the independence of the Fed.

Another point to keep in mind, the Fed does more than set interest rates, it regulates banks and what regulations that are still on banks, Krasnov wants them removed.

Krasnov is considering replacing Jerome Powell with Kevin Hassett, od dear, another crony.

These fuckers memories must be pretty bad, 2008 wasn't that long ago.

Oh yeah, and then there is the Crypto bubble.

Putin is smiling.

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Krasnov Is Setting Us Up For Another Financial Disaster. (Original Post) gab13by13 Saturday OP
More "Financial Innovation" - coming soon to a homeless shelter near YOU!!! hatrack Saturday #1
Yes but like 2008, gab13by13 Saturday #3
K&R spanone Saturday #2
Latest Discussions»General Discussion»Krasnov Is Setting Us Up ...