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comment by kleinbl00
kleinbl00  ·  1740 days ago  ·  link  ·    ·  parent  ·  post: HSBC to cut 35,000 jobs worldwide

Republican dogma doesn't know what to do with a zero interest rate world. It's not a "pile money on rich people" problem, it's a "we've made lending so inexpensive that retail banking is a loss leader while your exotic financial instruments division plays the ponies" problem.

We're at the point where the folx that do boring, dependable things with money are getting laid off to satisfy the bloodlust of shareholders who only want short term yield and appreciation.