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Message: <blockquote data-quote="rickyb" data-source="post: 3667152" data-attributes="member: 56035">In a 2016 survey by the Fed, 28 percentof working-age adults said they had no retirement savings whatsoever.The racial wealth gap, already large, ballooned.Whites: $171k Hispanics:  $20.7k African-Americans: $17.6k 63 percent of Americans say they don’t have enough money in savings to cover a $500 health-care expense....I think we’ve improved the system on the margin. There are higher capital requirements, there’s better bank liquidity, less reliance on short-term financing, less reliance on debt among the regulated banks. Those are all positive things. But the financial system we have is still basically the financial system we had in 2008, with more capital and less reliance on short-term funding, so whether it’s enough? I hope it is.I wish we had more Republicans who would stand up to these cronies who want the government bailouts. I think a lot of people still want that on Wall Street — it’s secretly what they want. They think it’s the government’s obligation to keep them afloat. I’m a capitalist, and I’d rather have the state own them than have that system.It’s very frustrating. It’s just stupid economics. Set the morality aside; it’s just dumb economics to have a system like this where you’re propping up inefficient, bloated institutions. So there are good economic reasons to not have the system we had in 2008, and whether we’ve gotten rid of it or not I don’t know. <a href="http://nymag.com/daily/intelligencer/amp/2018/08/america-10-years-after-the-financial-crisis.html?__twitter_impression=true" target="_blank">We Are Still Living in the Ruins of the 2008 Crash</a></blockquote>

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