DC’s 2010 Dodd-Frank (D-F) was supposed to end “Too Big to Fail” banks.
The result? “Too Big to Fail” banks got 30+% bigger. As they swallowed up the 1000s of small banks D-F murdered – and the marketshare the small banks’ murders vacated.
In 2020, DC printed trillions of dollars – to “help” with the Covid lockdowns they themselves mandated.
Shocker: Inflation skyrocketed.
In 2021, newly-minted President Joe Biden printed trillions more – to reduce inflation.
Shocker: Inflation skyrocketed.
In 2022, the Federal Reserve finally realized there was inflation – and started ratcheting up interest rates. To crush the economy – and with it demand. Which is the only way they can address the inflation they themselves created.
Shocker: DC is now murdering even more – and bigger – banks. To the even greater benefit of the Big Banks.
Soaring Interest Rates Contributed to Recent Bank Failures – And There Could Be More to Come
That was written on March 24th. Shocker: There were more to come.
Regulators Seize First Republic Bank, Sell Assets to JPMorgan
Talk about Big Government-Big Bank harmonic convergence. Big Gov seizes a Big Bank competitor – and then flips it to a Big Bank.
That’s not crony at all.
DC’s crony gun is aimed at bigger and bigger small banks. And simultaneously – even the tiniest of lenders….
DC Destroys the Economy – Then Bans Loans for Poor People:
“Biden has made the economy the worst its been in many decades. And now his Democrats in Congress are looking to ban loans to poor people.
“Which poor people definitely need – because Biden has made the economy the worst it has been in many decades.
“Congress is looking to price cap what are called ‘payday loans.’ Here is exceedingly awful Ohio Democrat Senator Sherrod Brown patting himself on the back for co-sponsoring this idiocy.”
And it ain’t just Congress bringing the DC stupid. The Deep State is also going deep on the Big Bank cronyism.
Biden’s Consumer Financial Protection Bureau (CFPB) Priorities: Covid, Payday Loans, Student Debt
CFPB Poised to Reinstate Tough Stance on Payday Lenders
Payday Lenders Banned by Federal Trade Commission
And, of course, Big Media is all-in on all of Big Gov’s crony scams.
Big Media Yet Again Doing PR Work for Big Banks and Big Government
Big Gov inflates the daylight out of life staples – making it more and more difficult for the Little Guy to continue existing. Big Media’s reaction?
Predatory Lenders Are Making Money Off Rising Gas and Food Prices
Blame the payday lenders!!!
That spin is so exceedingly awful – it reminds of this all-time classic headline….
As Violence Falls in Iraq, Cemetery Workers Feel the Pinch
How dare payday lenders help the Little Guy survive Big Gov’s monstrous crony idiocy.
DC’s “solution?” Murder the payday lenders – along with every last non-Big Bank bank.
Because why should anyone besides the Bigs survive?