In 2008 "synthetic CDOs" destroyed the global economy, and now they're back

[anon62122146]

@davide405

We need something like the above, or we’ll keep having 2008s over and over and over again

@davide405

That, plus the fact we keep declaring certain institutions “too big to fail” so they get to externalize their downsides but keep all the profits.

We also need to stop giving a pass to the corrupt politicians who enable it.
Biden, Clinton, Klobuchar, Pelosi, and Schumer all voted for the 2008 bailout. Anyone who has a serious problem with what these bankers are doing should never consider voting for these politicians for anything.