Oh sure, everything’s fine

When I lecture about New Deal banking reforms, I note that some of the key measures — like Glass Steagall — were repealed by the right with disastrous results like the 2008 financial meltdown, but ha ha, no one will ever be stupid enough to kill FDIC and bring back the old bank runs.

Kevin M. Kruse (@kevinmkruse.bsky.social) 2024-12-13T01:36:26.587Z