https://nitter.net/PDChina/status/1722995024840048874

  • UlyssesT [he/him]
    ·
    edit-2
    11 months ago

    2008 was caused by bankers doing extremely illegal shit.

    NOOOO IT WAS BECAUSE THE POORS AND FANNIE MAE AND FREDDIE MAC grill-broke

    • WayeeCool [comrade/them]
      ·
      11 months ago

      One of those banks was IndyMac... whose head was Steven Mnuchin.

      https://en.wikipedia.org/wiki/Steven_Mnuchin

      • Hohsia [he/him]
        ·
        edit-2
        11 months ago

        Guy with a direct link to the 2008 financial crisis getting a spot in the executive agency

        Sums up America quite well

        • invo_rt [he/him]
          ·
          11 months ago

          IIRC, Kamala Harris' DA'S office wanted to go after Mnuchin for financial crimes and Harris told her own office to back off.

          Even better, it was Mnuchin's job to handle that distribution of 500B dollars leveraged 10-to-1 (so like 5 TRILLION dollars) to companies at the beginning of COVID with zero oversight.