John Refior · @jrefior
343 followers · 2584 posts · Server hachyderm.io

Until this week, the DOJ was still suing banks for causing the 2008 financial crisis:

“UBS has agreed to pay $1.435 billion in penalties to settle a civil action alleging misconduct related to UBS’ underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007.”
justice.gov/opa/pr/ubs-agrees-
--

#UBS #thegreatrecession #banks #mortgage #doj #housing #foreclosure

Last updated 1 year ago

Sara Causey · @sara_causey
9 followers · 62 posts · Server me.dm

Gekko tells Jake that Bretton was shorting stocks, knew their speculation would crash the market, and then took bailout money from The Fed for 100 cents on the dollar. I’m reminded of what Gekko himself told Bud in the first film: “I don’t throw darts at a board. I bet on sure things.”

medium.com/@sara_causey/a-gekk

#wallstreet #money #stockmarket #recession #thegreatrecession

Last updated 1 year ago

Sara Causey · @sara_causey
9 followers · 38 posts · Server me.dm

"The financial crisis of 2008 was a banking crisis. Nobody wants to say what it is because they don’t want to invoke memories and comparisons to 2008. But this is a sequel to 2008."

medium.com/@sara_causey/like-a

#banking #bankingcrisis #financialcrisis #thegreatrecession #money #finance

Last updated 1 year ago

richdaada · @richdaada
1 followers · 87 posts · Server toot.community
richdaada · @richdaada
1 followers · 85 posts · Server toot.community
richdaada · @richdaada
1 followers · 83 posts · Server toot.community
richdaada · @richdaada
1 followers · 81 posts · Server toot.community
richdaada · @richdaada
1 followers · 63 posts · Server toot.community
Brian Helman · @BrianHelman
6 followers · 39 posts · Server mastodon.world

Interesting read on the state of higher education and population decline in the US, for the foreseeable future. The Great Recession, brought to us by reckless GOP tax cuts to the 1%, is a trickle down that will keep on giving...

vox.com/the-highlight/23428166




#thegreatrecession #gopfailures #highereducation #populationdecline

Last updated 2 years ago

Brian Helman · @BrianHelman
8 followers · 50 posts · Server mastodon.world

Interesting read on the state of higher education and population decline in the US, for the foreseeable future. The Great Recession, brought to us by reckless GOP tax cuts to the 1%, is a trickle down that will keep on giving...

vox.com/the-highlight/23428166




#thegreatrecession #gopfailures #highereducation #populationdecline

Last updated 2 years ago