"I Guarantee We'll Have Another Banking Crisis"

by JASmius

What's that old saying?  "One good crisis deserves another".  And this one more and more "experts" will and do see coming:

The bevy of regulation since the 2008 financial crisis has weakened the banking sector to the point that another meltdown is inevitable, says private equity star J. Christopher Flowers, CEO of J.C. Flowers.

"All the stuff that has happened, and all the rules we’ve introduced have depressed profitability. And that is a real vulnerability," he tells the Financial Times. "Nobody is going to invest in an industry with returns of 5%."

Wait a minute, Chris.  You mean to tell us that the fascist-nationalization of the banking sector has weakened it?  But, but, but, we were told, we were assured that Dodd-Frank was going to strengthen the banking sector.  Or whatever was left of it.  You mean....the Obama White House - I can barely even contemplate it - lied to us???

While Flowers has invested in banks in the United States, United Kingdom, Japan, Germany and the Netherlands, he notes, regulators are engaged in a fool's errand in trying to eliminate risk from the banking industry.

"How do you make something that lends money at risk a utility?" Flowers asks rhetorically.

As a pretext for socialist-nationalization of whatever is left of the banking sector?  Easy as cake, Chris.  Just wait for the collapse, as you already pointed out above.

Realize one thing, though: the feds are not trying to eliminate risk from the banking industry; they're trying to enhance it.  It's already been documented that the Regime is headed down that same easy-loan policy road.  Why else would the Fed be keeping interest rates subterranean as it has for the past five and a half years?  They want another financial panic.  The crave it.  Because they still have things to do that they evidently can't ordinarily do, even with O's pen and phone.

Dodd-Frank wasn't and isn't about "consumer protection," or even "too big to fail".  It's about the same thing as every other aspect and facet of Obamunism: control.

Now do you understand why I've been out of the market for the past three years?  Even before my career was unjustly destroyed?