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Political Factoid
The industry that caused
the 2008 economic meltdown
then talked the Feds into
relaxing requirements
designed to prevent future
meltdowns,
. . . that then caused the
2023 region bank disasters,
and now same gang of industry
leaders want the requirements
cut in half,
. . . at a time the global
economic experts say the
capital reserve requirement
must be increased 16%
immediately to prevent
another meltdown.
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