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Joined 3 years ago
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Cake day: June 22nd, 2023

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  • The rationale for bail out the banks previously was that the retail arms (what you and I use) were so intertwined with the commercial arms that allowing the commercial part to fail caused the loss of everyone’s money. Regulation was introduced (at least in the UK. I don’t know about elsewhere) that ring fenced the two from each other, making future bailouts unnecessary. The commercial arm would shoulder the risk of its own investments.

    Doesn’t stop corrupt politicians bailing them out though.


  • Only incentives I can think of:

    1. They didn’t police it properly for the size of event and it’s a pre-emptive defence. “Yes we only sent one constable, but it was only 3 old ladies and a Yorkshire terrier”.
    2. They’re under orders to downplay the size of protests that can be seen as anti-government.

    I know it’s a bit tin-foil hat, but I’m starting to suspect the latter. A number of protests appear to have had quite large numbers from footage (which is likely to be cherry picked yes, but should set a minimum number), but small number from the Met.