The Precipice

The Washington Post–to which I’ve recently become a paid subscriber–is reporting that the Trump junta plans to roll back virtually every financial regulation that came on the books in the wake of the crisis of 2008. More that the notion of their hands on the nuclear trigger, more than their disregard for diplomatic norms, more than their blinding ignorance of [INSERT PRESIDENTIAL RESPONSIBILITY HERE], I believe it’s their eagerness to unleash raw capitalist forces on the nation that could undo us utterly. We walked right up to the brink of a global catastrophe in 2008. The moves being made now could ensure that we go clear over it the next time.

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