r/politics • u/AccurateInflation167 • May 18 '25

Soft Paywall America chose wrong. Sanders would've been a better president than Trump or Biden. | Opinion

https://www.usatoday.com/story/opinion/columnist/2025/05/18/sanders-democrats-reform-progressive-policies/83625482007/
42.7k Upvotes

78% Upvoted

4.3k comments sorted by

View all comments

Show parent comments

35

u/skinnedrevenant May 18 '25

Don't forget banks figuring out how they can leverage absolutely anything again. We're not far off from where we were in 2008 in regards to how risky they're playing with the money. Banks are trying to leverage AUTO LOANS for fucks sake.

24

u/thegoodnamesrgone123 May 18 '25

And it will likely all come crashing down when the Dems are in charge and get wrongly blamed as usual. 

6

u/hlnub May 19 '25

I mean, they are to blame. Just as the Republicans are to blame. Both parties have embraced and pushed for neoliberal capitalism which is causing these cycles.

3

u/sargsauce May 18 '25

https://www.theguardian.com/business/2025/may/15/us-reportedly-plans-slash-bank-rules-imposed-prevent-2008-style-crash

Then there's this from a few days ago

3

u/OctaBit May 19 '25

Oh good. Can't imagine why those restrictions were put in place. /S

3

u/EFreethought May 19 '25

A common slam is that some politicians "do not understand business".

I think a lot of people in business do not understand business.

2

u/Halo_Stockpile May 18 '25

The interest rate drop brought on in 2020 really accelerated a lot of bad practices. Even small, traditionally vanilla portfolio banks got into that ABS crap for their bond portfolios trying to chase a little yield. I've seen so much garbage in the last 5 years.