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In fairness, the train crash had bipartisan support.
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[1]: https://www.ntsb.gov/news/events/Documents/2017_casselton_BM...
Earlier quoted context omitted.
And those regulations were opposed by the unions that Biden crushed by forcing them back to work. It's a class conflict, not a partisan one.
Its understood that those regulations wouldn’t have saved the train in Palestine. That’s one problem with the discourse on the left. I don’t favor regulation for the sake of regulation - nor cutting it for its own sake. There obviously needs to be a rational best-effort cost-benefit analysis. Not cheap politics.
You don't seriously think there haven't been many? The problem is that train companies, governments, and people who care about the environment classify and price costs and benefits differently, and government was paid to adopt train company calculus.
It's not that nobody ever thought of figuring out the costs or the benefits of this major, well-known proposed change.
This seems pretty knee-jerk, especially given, that the current glances that the business was probably too conservatively managed. The problem here was not holding safe assets - but the value of the government bonds depreciating dramatically because of the rising interest rates and a flush supply of higher interest rates due to massive government deficit spending. It’s also a reflection of the extremely aggressive ma…
I don’t think you can make that argument. Buying longed dated bonds is done in the pursuit of profit. Nothing stopped SVB from buying shorted dated bills with less interest rate risk instead.
I seriously hope that the people asking the government for a bailout revisit their past policy positions and offer the same empathy to others going forward that they are asking for themselves right now.
Weaken regulations, trains and banks crash, but hey small government, slash the red tape.
It's okay for banks and trains to crash. If you have more than $250k in a single bank, you should have insurance on that cash. If a train spills chemicals, they should be liable for a satisfactory resolution, including buying a property that was polluted, or paying for the cleanup and any depreciation of the property.
At the end of the parable of Job, God gives Job all new sons and daughters to replace the sons and daughters that were crushed during the game with Satan. I never considered that as a thing that made Job whole. In case of devastating and prevetable disaster, the train companies will just declare bankruptcy and the owners will start new train companies, or they'll nationalize themselves and sell to the government at an inflated price.
edit: these companies were all formed by groups of insiders that were handed state property for free; they have typical post-Soviet oligarch origin stories.
I seriously hope that the people asking the government for a bailout revisit their past policy positions and offer the same empathy to others going forward that they are asking for themselves right now.
The tech sector has made themselves one of the most hated groups in the country, behind Congress, telecom providers, and the media. Doubt they're going to find much sympathy from the folks in "flyover country" that the tech sector has gleefully been shitting all over for a decade. Perhaps the tech sector will have enough political capital to ensure they get to dump their losses on the public they loath, but it's goin…
I seriously hope that the people asking the government for a bailout revisit their past policy positions and offer the same empathy to others going forward that they are asking for themselves right now.
The tech sector has made themselves one of the most hated groups in the country, behind Congress, telecom providers, and the media. Doubt they're going to find much sympathy from the folks in "flyover country" that the tech sector has gleefully been shitting all over for a decade. Perhaps the tech sector will have enough political capital to ensure they get to dump their losses on the public they loath, but it's goin…
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Weaken regulations, trains and banks crash, but hey small government, slash the red tape.