Urgent Warning From Prof. David Cay Johnston - This Is How It Began Last Time

[liberalla]

This is scary...

David Cay Johnston is seeing some very disturbing signs, similar to when we entered the 2008 recession.

[Baitball Blogger]

1. Damn. He said two things, one which I agree with. The other one that makes me want to cry.

The first, that we should have prosecuted the bankers for the 2007-2008 financial collapse.

The second, that Obama said that what the bankers did wasn't actually criminal so there would not be any prosecutions.

I still think Obama was a very good president, but between not prosecuting Bush for the Iraq War, and not going after the bankers for the financial collapse, the result has just been a pile-on of bad decisions that allowed the very wealthy to assume there would be no consequences for their overreaches.

I hate that the Dem Party is a big part of that perception.

[FoxNewsSucks]

2. No shit. I've asked many cops if we could "look forward not backward"

and it NEVER got me out of a speeding ticket. Not once.

Biggest mistake ever, letting actual criminals get away with shit. They assume there will be no consequences because it's true.. Republicons are probably co-conspirators, and Democrats let it slide.

[Baitball Blogger]

3. Obama learned too late that there was nothing to gain by giving in to the Right.

Their entire strategy was to make his presidency difficult. Even with Obamacare, which was a Heritage Foundation idea. Obama tried that Centrist triangulation thing and they gave him a rough time, even then.

I hope this makes us aware that we need a Dem candidate for the presidency that has no use for olive branches. He needs to come in and correct wrongs in order to put our country back on course. And he or she needs to know that there is no deal making with the Right. The Right has already shown that if you leave them whole, they will come at you with all they got to derail you.

[Intractable]

6. "that Centrist triangulation thing"

In his own words ...

Obama said this when running against Romney.

If Obama had said sh*t like this in the 2007 primary against Hillary, we'd have had another president Clinton.

[highplainsdem]

4. I've watched less than 10 minutes of this, and I'm already wondering if I'll be able to sleep tonight.

I thought the AI bubble with its circular financing and promises the AI companies will never fulfull was our biggest economic worry.

[Baitball Blogger]

5. If I've learned anything from this Epstein debacle, it is that we

need to be more vigilant about who is pulling the strings. And, yes, it begins with deregulation of the banks. Every time.

[Ilsa]

7. I hear you. Wells Fargo is offering pretty good incentives

to move cash to their banks, not even requiring it to be locked into a CD. The interest rate is like a 4 month CD. Sadly, I probably shouldn't move there if they actually really need it.

Are other banks besides JP Morgan having issues with liquidity?