Treasury Secretary Bessent calls for looser regulations for the U.S. financial system

    https://apnews.com/article/treasury-scott-bessent-financial-stability-f7bd96bb99824fd10c7e3ca239830bff

    Posted by Achilles_TroySlayer

    4 Comments

    1. Here comes the
      Here comes the
      Here comes the
      Y’all really want it now (Boom!)
      Here comes the (Boom!)
      Here comes the (Boom!)
      Here comes the
      Y’all really want it now (Boom!)
      Here comes the (Boom!)
      Here comes the (Boom!)
      Here comes the
      Y’all really want it now (Boom!).

    2. SpitefulSeagull on

      HAHAHAHAHAHAHA

      Comment length comment length comment length comment length comment length comment length comment length comment length comment length comment length

      Hahahahahaha

    3. Old-Buffalo-5151 on

      Oh a topic i have direct experience of…

      This would be a fucking disaster if this happens 

      given the current state of America markets and their already VERY lax enforcement of the current regs

      Their is so much bad debt kicking around at the moment im actively nervous how well American banks could actually withstand any real shocks 

      We have already seen failures happening across all sizes over the last few years due to poor enforcement of concentration and liquidity risk principles. 

      If the rules goes it will just further encourage people to sell American and derisk so they don’t get caught in the blast wave…

      However this is a very controversial topic even within my own team so im aware off the other schools of thought. But i firmly sit on the “don’t add more risk to an already top heavy system” 

    4. They seem hellbent on destroying the dollar and this is just one bullet in their arsenal. Did we learn nothing from the 2008 collapse? I’m reminded of when one of the Fed members sent his wife to the ATM and told her to remove as much cash as she could. That’s how close we came to total collapse.

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