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Short Attention Span Economics

In 2008, the dot.com meltdown cratered a bunch of tech companies. In response, Obama got Dodd-Frank passed, to make sure it wouldn’t happen again. Then Donald Trump got elected, and he repealed almost all of Dodd-Frank.

Now, the same thing that happened in 2008 happened again. If Dodd-Frank were still law, the Silicon Valley Bank would not have failed.

Hypocritically, Republicans are blaming the SVB failure on “woke culture”.

If you don’t believe me, just take “A Closer Look”:

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This was written by Iron Knee. Posted on Monday, March 13, 2023, at 11:45 pm. Filed under Hypocrisy. Bookmark the permalink. Follow comments here with the RSS feed. Both comments and trackbacks are currently closed.

4 Comments

  1. Ray wrote:

    I do believe the RWNJs have reached the end of their tether, since they cannot understand the meaning of the word “woke.”
    They would prefer being asleep rather than being awakened.

    Tuesday, March 14, 2023 at 7:01 am | Permalink
  2. Iron Knee wrote:

    I don’t think they care if they say stupid things.

    Tuesday, March 14, 2023 at 1:20 pm | Permalink
  3. notycoon22 wrote:

    I thought Robert Reich’s 3/13 column had some good information to share.

    https://www.theguardian.com/commentisfree/2023/mar/13/svb-collapse-2008-financial-crisis

    Tuesday, March 14, 2023 at 4:10 pm | Permalink
  4. Iron Knee wrote:

    Thanks NoTycoon22. That’s a great article from Robert Reich.

    There was also a good post on Electoral-Vote this morning, pushing back against people who claim that the government is “bailing out” SVB and Signature banks. https://www.electoral-vote.com/evp2023/Items/Mar15-1.html

    Wednesday, March 15, 2023 at 1:26 pm | Permalink

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  1. Stormy Storm, Arrested Arrest, Threats, Captive GOP, No Pill, Erase Racist Past – FairAndUNbalanced.com on Friday, March 24, 2023 at 11:01 pm

    […] the Republican narrative, the Silicon Valley Bank failure was less the result of woke culture than Short-Attention-Span Economics. The great Iron presents Seth Meyers to make the case: […]