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this post was submitted on 08 Oct 2025
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Fuck AI
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The last crash destroyed families and destroyed lifetimes of savings from the utter devastation of the fallout. My family never recovered and tragedy was the result. I know millions of families will never recover from that and there was no accountability at all. The occupy movement was a genuine working class movement against the criminal oligarchs who destroyed our economy. Unfortunately the book was thrown at the occupy movement and the well funded tea party movement and white nationalist movement was funded by the oligarchs and ignored by lawmakers. This all led to what we’re dealing with today. Families never recovered the cost of living keeps skyrocketing and we keep getting poorer. Unfortunately the correct counter movements get stamped out and the ones that blame minorities get funded and this is where we’re at today….we can’t move any further right we are at the end of the line. The oligarchs need us to fight eachother so they can justify the police state they’re building indefinitely. It’s like System of a Down said “they’re trying to build a prison for you and me to live in”
i dont think we truly recovered from the 08 crash to begin with, we just truncated it to something else. terms of job-wise yea it gotten harder since that time.
Well said. However, at this point I think they've already built the prison, and we're already living in it.
True. It’s an old song
I was in none other than Lehman Brothers during the last Crash and thus in the aftermath, still inside the Finance Industry and armed with some understanding of how that Industry worked, keenly observed both what the Obama Administration did and what the Cameron Government did (I was in the UK), and the Obama Administration very much did everything the bankers wanted and then some.
This wasn't merely a refraining to doing a few things, this was activelly working with the very people who caused the Crash to make sure they were fine (in many cases, even better than before) after the Crash. It's not by chance that all over the World (but more so in the US and UK) Asset Owners came back even wealthier than before whilst people whose income came from Work kept seeing their lot get progressively worse for at least a decade (in the UK, for example, years after the Crash, incomes of the top 10% by wealth of the population were going up in real terms 23% a year, whilst the rest saw their real terms income fall by 1.9% per year).
The actions of the Obama Administration are what's behind the complete halt of Social Mobility in the US (which used to have more Social Mobility than Europe) and the current problems of poverty at the lower end of the social scale there, which in turn helped the rise of Far-Right Populism in the form of Trump.
Obama's reaction to Occupy Wall Street wasn't a "oopsie", it was fully consistent with the kind of policies he was enacting, the section of society he chose to help and the sections of society he chose to sacrifice to fund that help, since he got elected and started tackling the consequences of the Crash.
I too had hopes about Obama, but seeing the choices he made, many going far, far (FAR) beyond what was necessary to protect the broader Economy (in some case actually sacrificing the future of the many to make sure the few did not at all saw their wealth go down) dispelled that hope and any illusions I had about him.
The fuck? Really?
https://observer.com/2016/10/obama-makes-first-appearance-in-wikileaks-receives-admin-list-from-big-banker/
I can't figure out why. It is a mystery as fundamental as the ratio of the fundamental forces of the universe, we will never know.
A while back there was a tainted milk scandal in China that impacted tens of thousands of children for life and killed several.
Have you noticed it hasn't happened again?
It seems that executions (of which there were several) and prosecution/jailing of wealthy company owners (of which there were many) do have a deterrent impact after all.
Someone correct me if I'm wrong, but I believe that they did have to pay it back with interest...
Or maybe that was the auto bailout.