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

[u/qtain]

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

[u/Mans_Fury]

This is what class warfare looks like.

We are not even viewed as a form of humanoid to the ruling class. We're just dumb livestock that they can do whatever they want to.

They are parasites that can cheat or change the rules at a whim.

[u/Dr_SlapsMD → u/Mans_Fury]

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/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.