[unityByFreedom]

People can change their tune. Greenspan was chairman of the Fed for 20 years arguing for free market the whole time. It was his life's philosophy. Then he testified to Congress after the housing meltdown '08 and said he was wrong. The banks can't be trusted to regulate themselves via the market, and regulation is necessary.

We will face a recession again. Trump will repeal Dodd Frank, banks will start making riskier loans and obscuring them in hidden investment products, and one day someone big enough will pull out, causing the whole house of cards to collapse. And, Republicans and Democrats will do another TARP because the alternative is World Depression II. That is, unless Trump seizes enough power to prevent TARP II.

[liberte82]

People can change their tune, but that's not what is happening in today's political climate. It's been less than ten years since the last financial crisis, and no one has forgotten that it was loose regulations that caused it. What we have happening today is something much more sinister - crises and bailouts are becoming part of the system itself. Socialized bailouts, privatized profits.

[unityByFreedom]

Yeah. I suspect it's not new. We've gone back and forth between being red and blue, through recessions and wars. We need to remain vigilant, and also remember that history does have a way of repeating itself. Let's just hope this isn't a big bang type event, and more of a wake up call for everyone.