absolutely

 

Interestingly, the 2nd and 3rd largest bank failures in history just occurred these last few months, how's that regulatory environment working out?

2008 happened because of faulty loans and a faulty credit rating agency that was allowed to capitalize on whatever credit score they chose to dole out for a new financial instrument called a credit default swap. (often AAA scores for property bundles that had some good loans and a bunch of over extended terrible loans)

Anyone who was dumb enough to take out a loan for $800k in CA and then put in a pool with their equity gains that happened a month after they bought on a 5/1 arm, all the while earning $50k as a tire service center employee, yeah pretty much should have to accept the consequences without the more intelligent purchasers bailing them out. I know I was taught about financials in school, as well as to not do drugs. Not my fault if others didn't listen.

A-B=C

A is your income,
B are your expenses
C is what's left over and that has to be positive to survive.

It doesn't get much simpler than that.

 

Forcing airlines to pay out when things go wrong isn’t remotely comparable to a global financial crisis.

This will just negatively effect middle and upper class travelers trying to go to Orlando in the name of equity.

 

meaning spirit isnt flying as many flights?
Because of up coming merger?
I havent been following that lately

 

It was aimed at his ridiculous insinuation about regulations being bad. It’s super ironic when I hear an airline pilot make a comment like that while they then go takeoff in an airplane with near-guaranteed performance requirements and capabilities due to……regulations.

Most here would’ve been dead long ago without them.

 

Apples to Oranges my lefty friend…huge differences here….

 

Not at all, my friend. A lack of guardrails (regulations) helped to create the 2008 meltdown. Implying that regulations are inherently bad, a misguided right wing talking point, is dumb. My friend.

 

We all agree there needs to be regulations that’s not what we are talking about. Needless and excessive regulations on the other hand….

 

100%


The axe in the cockpit yet still having to get "randomed" 8 outta 10 times.. comes to mind. Unless the point of security is to prevent drug trafficking, which last I checked wasn't what TSA was for.

 

It took Obama more than 6 years before things even came close to looking like a turnaround, with near zero interest rates (artificial fiscal prosperity). How are we doing with Joe in there the last 2.5 yrs. Seems things are just peachy right? I know I feel united with his Ultra-MAGA white supremacy talk. I'll take the 2016-March 2020 Orange Man Bad period. Things sure seemed pretty darn good.