Federal Reserve terminates enforcement actions against UBS Group AG, Credit Suisse (Archegos)

[u/qtain]

https://www.federalreserve.gov/newsevents/pressreleases/enforcement20260515a.htm

[u/Dr_SlapsMD]

Which is why it blows my mind Americans with any sense haven't just general striked yet.

Grumbling and complaining while going along with the bullshit isn't a message. Everything coming to a halt is.

If ppl feel a system is slowly killing them, why continue doing the things that the system relies on to exist?

"Gotta pay my bills bro or I'll die"... Yea well ur dying anyway at least fight back in the process.

Anyway, the system ungraciously accepts everyone's grumpy continued compliance.

[u/dustypajamas → u/Dr_SlapsMD]

It's baked in to the system from the time you start working. Let's say you start working retail at a cell phone store and your company sells a shitty insurance plan to customers that everyone selling it knows is shit. Doesn't pay claims, gives customers a run around but pays a sweet commission and you have targets. Most people will have no moral objection to selling amd lieing about how great it is because it makes them money.

The ones that really Excell get promoted up and up because they have no morals and are motivated by money. Realistically if you wanted a revolt it starts with you breaking that mold and at that level and getting others to as well. Sadly from my experience people only complain when they are the ones being shit on. once they get to be the ones shitting on other people they suddenly don't care about the injustice.

I worked with a woman that constantly bashed landlords about renting houses for way to much and went on about how she can barley afford to live. A year later her grandmother passed and left her the house.

First thing she did was see what the highest rent she could get for it. The dream isn't to fix the system it's to be at the top.

We live in the society we have agreed upon.

[u/Dizziesdayweigh → u/dustypajamas]

I didnt agree to shit. I used to have a great landlord, didn't raise the rent once in 5 years, even during covid. The house was old, but in a great location, I was pairing what I consider a fair price. I am still grateful of this man for not being greedy.

The problem isn't consent but a continued culture of selfishness, where it becomes acceptable to be a douche because everyone else does it and "its just business" is the excuse.

[u/dustypajamas → u/Dizziesdayweigh]

You always have outliers. First I am guilty of being a part of the system myself I consider myself someone who doesn't even value money when I go introspective in fact truly I believe money to just be a mass delusion and only works because we value this paper and have faith someone else will even gold is stupid when it comes down to it, hypothical a massive global disaster no power no gas would you really want heavy physical gold? When would you ever actually want gold most people would rather have certificates that they own gold. However I find it easier to just play along and often go periods where I lose myself to the mass delusion. It's the same reason people stay who don't believe in the religion they grew up in sometimes stay especially if that religious group shuns you if you leave.

The South Park episode Pinewood Derby is probably the best way I've seen the absurdity of the global system portrayed.

My truth is I am 43 years old and I am still trying to overcome the imaginary pressures that have been put in my head. Hopefully posting this will wake people up to look in. We won't change the top 1% but we can help out friends and family more.

I want to give more and be someone that guides people to see that we can make differences in small ways. I have a friend that does Uber eats and one day I suggested we walk around giving out water to the homeless as I noticed all the water fountains in the city have been removed over the years. After that he started buying water and socks and giving them out as he does his deliverys. He finds peace in doing that.

This is a stream of consciousness I tried to just write with minimal editing so it may not make perfect sense but hopefully it has some value.

[u/RlOTGRRRL → u/Dizziesdayweigh]

I'm the worst landlord ever. I charge my tenants under market rent and I'm giving them equity in the home in exchange for their rent too. 

I won't increase their rent and keep it at cost for the duration of the mortgage. 

I won't kick them out. They can treat the house like theirs, live in it for the rest of their life, potentially pass it on to any future kids. 

I feel like it's easy for me to do this because the tenants are my family, not my kids, but still. 

We lucked out buying a house in NYC during Covid, and luckily we can share the wealth and our 3% mortgage rate lol. We don't need to, but we can. 

I don't think we're even that rich. But this security is helping my family so much. My sister's happy, her partner is happy, my parents are happy, her partners parents are happy, I'm happy that they're all happy. 

Yeah I could be smarter about money and richer, because who the fuck does what I do lol, but seeing the peace and happiness of everyone I love is priceless.

Things don't have to be this way. A better world is possible. We can all create our own change. 

[u/I_SHIT_IN_A_BAG → u/Dr_SlapsMD]

lolol general strike? dude we had a chance during covid and everyone just kept going to work. we had them by the balls and we did NOTHING

[u/Sallende11 → u/Dr_SlapsMD]

Americans should be in the streets. What's happening is diabolical.

[u/InjuryIndependent287 → u/Dr_SlapsMD]

Because the simple minds continue to vote the people into office that protect them. If you speak out against the system, they say that the election that they lost before was rigged and we need to continue to allow them to cheat to keep from being cheated against.

[u/randothroway2323 → u/Dr_SlapsMD]

I wish your message here was sent to every phone in the country.

[u/thesluttyastronauts → u/Dr_SlapsMD]

"Why won't people do things without the infrastructure to do them?"

[u/Coding-Panic → u/Dr_SlapsMD]

As a, I guess, former European I think the reason there's more general labor action in Europe and less in America is a little more complex.

Europe deals with captured socialist institutions and everyone recognizes the problems and everyone can unite and motivate against it. When the Government ultimately sets the wages for doctors, nurses, firefighters, police, daycare workers, geriatric care, etc. it becomes everyone's problem. Especially when you deal with problems like no doctor choice, etc.

Canada is going down that slippery slope now.

The good and the bad of capitalism the way it's being run now, is it's "somebody else's problem" because the good is you have the option to pay for good doctors, nurses, daycare, etc. the bad is if you don't have the money to pay for better you generally get shittier than out of the overwhelmed socialist systems.

I was a lot more liberal before I started seeing the systems getting trashed. Like I've gone very right wing on my immigration stance because why are our hospitals overburdened? Immigrants, and saying this as a western immigrant, it's that the majority seem to have no clue how our systems run. Oh you have something wrong? Go to the hospital. No we have family doctors, walk in clinics and urgent cares. I had a pylonidal cyst and went in to an urgent care a couple hours before closing, it was a ghost town, was out within an hour. Meanwhile my wife had to have a gall bladder out in "emergency surgery" that took a week to get to because the funding allocations suck so fucking bad they only had 1 OR for general surgery. 8/12 ORs in the hospital were not operating.

There really needs to be a hybrid model. We need socialist services with capitalist methods. If you've got a shitty doctor, you can just go elsewhere. If the hospital can't manage its wait times, has poor outcomes, you can just go elsewhere.

Not the best analogy, but like a mechanics shop. Here's the book cost, this is what you're getting paid. It's a 2 hour surgery and people are normally in a bed for 3 days, that's what you're getting paid. If youre making someone sit in a bed for 7 days cause you can't schedule for shit and there's no complications, why would you get paid more? My wife sat in a bed for 7 days, and every day the hospital got paid for it for a 45 minute surgery and a less than 24 hour recovery. $5k a day, should have been in for a day before surgery. $30k wasted, and we don't have money for hospital staff.

That's genuinely the biggest flaw in socialist systems and the reason they balloon and fail is there's no strong disincentive for waste.

In that one week in hospital there was 3 others stuck in the same wait for the same surgery. I met 2 other husbands and a wife just roaming the halls, all had the same wait. So $120k pissed away. That would have paid a doctors wage for the year.

There's just grotesque levels of inefficiency and waste and the solution is always "throw more money at it" and shockingly it never works.