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[-] UlyssesT@hexbear.net 21 points 10 months ago* (last edited 10 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@hexbear.net 13 points 10 months ago

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

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

[-] Hohsia@hexbear.net 7 points 10 months ago* (last edited 10 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@hexbear.net 5 points 10 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.

this post was submitted on 10 Nov 2023
228 points (100.0% liked)

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