Fundamental reset’: Scott Bessent has a plan to free the nation’s banks

The speed of the deregulation is sparking concern that the Treasury secretary is putting Wall Street’s interests ahead of the stability of the financial system....

Bessent is increasingly steering independent agencies to relax oversight of lenders, usher digital assets into the banking system, and reduce costs for megabanks that trade in U.S. government debt. In doing so, he is redefining the relationship between the administration and federal agencies, which have long enjoyed significant autonomy in supervising banks.

https://www.politico.com/news/2026/01/24/scott-bessent-banks-00744468

To be fair to Bessent and all his buddies on Wall Street, setting the stage for an economic crash is one way to prepare to fight inflation.

The only good thing this administration has done is stop unfair competition from trans athletes.

Oh my god a crash is coming. I thought that was supposed to happen last year because of tariffs and the big beautiful bill. Guess we'll keep waiting for the sky to fall

2 minutes ago, Yagoda said:

Oh my god a crash is coming. I thought that was supposed to happen last year because of tariffs and the big beautiful bill. Guess we'll keep waiting for the sky to fall

So, you think the continued deregulation of banking is a good idea? That's always turned out well in the past.

1 hour ago, Yagoda said:

Oh my god a crash is coming. I thought that was supposed to happen last year because of tariffs and the big beautiful bill. Guess we'll keep waiting for the sky to fall

Just checking if you've made any progress.... as expected you're still stuck on shallow and short term thinking. Lest we forget.

Don't forget to talk up the 200 billion in essentially a flat tax collected from US residents so far.

1 hour ago, JBChiangRai said:

The only good thing this administration has done is stop unfair competition from trans athletes.

Yeah — drafting a bespoke law to address maybe ten real cases nationwide.

Truly monumental. I’m sure your life has been utterly transformed.

28 minutes ago, gamb00ler said:

Just checking if you've made any progress.... as expected you're still stuck on shallow and short term thinking. Lest we forget.

Don't forget to talk up the 200 billion in essentially a flat tax collected from US residents so far.

Shallow and short term Trumps the fantasy land that Chicken Littles live in.

22 minutes ago, Yagoda said:

Shallow and short term Trumps the fantasy land that Chicken Littles live in.

Because you're such a great history on the financial industry is deregulated? Oh I get it. This Time it's different.

Trump absolutely needs to quickly show something positive about the economy. He doesn't care if it's just a bubble that will burst after the midterms.

On 1/25/2026 at 12:39 PM, Yagoda said:

Oh my god a crash is coming. I thought that was supposed to happen last year because of tariffs and the big beautiful bill. Guess we'll keep waiting for the sky to fall

Trump’s stock market: Worst first year of a term since George W. Bush

The stock market in President Donald Trump’s first year back in the White House was the weakest of any president’s first year of a new term since 2005, when George W. Bush started his second term.

From Trump’s inauguration day to January 20, 2026, the S&P 500 rose 13.3% — healthy gains by any standard. But it was the worst start to a presidency in 20 years.

https://finance.yahoo.com/news/trump-stock-market-worst-first-090046133.html

So, all of the sudden, the left is against digital assets.

I think banks are overregulated.

The left is all for guaranteeing $200K student loans that qualify graduates to work at Starbucks because it props up the universities, but is against banks refusing loans to people that are bad risks.

3 minutes ago, CallumWK said:

Trump’s stock market: Worst first year of a term since George W. Bush

The stock market in President Donald Trump’s first year back in the White House was the weakest of any president’s first year of a new term since 2005, when George W. Bush started his second term.

From Trump’s inauguration day to January 20, 2026, the S&P 500 rose 13.3% — healthy gains by any standard. But it was the worst start to a presidency in 20 years.

https://finance.yahoo.com/news/trump-stock-market-worst-first-090046133.html

I get 15.3%, and that's just the S & P, not the stock market.

4 minutes ago, CallumWK said:

Trump’s stock market: Worst first year of a term since George W. Bush

The stock market in President Donald Trump’s first year back in the White House was the weakest of any president’s first year of a new term since 2005, when George W. Bush started his second term.

From Trump’s inauguration day to January 20, 2026, the S&P 500 rose 13.3% — healthy gains by any standard. But it was the worst start to a presidency in 20 years.

https://finance.yahoo.com/news/trump-stock-market-worst-first-090046133.html

Got it. 13% "healthy gain" is bad LOL.

5 minutes ago, Yagoda said:

Got it. 13% "healthy gain" is bad LOL.

As always you clearly don't get it. Lowest in 20 years is indeed bad

1 minute ago, CallumWK said:

Lowest in 20 years is indeed bad

Do you think working Americans care more about the S & P or the price of energy?

25 minutes ago, Yellowtail said:

Do you think working Americans care more about the S & P or the price of energy?

13% increase and sub $2.00 gas. No tax on overtime. Closed border. Fabulous

13 minutes ago, Yagoda said:

13% increase and sub $2.00 gas. No tax on overtime. Closed border. Fabulous

And tax breaks for middle-class Americans,

Oh, the market really sucked last year!

1 hour ago, Yagoda said:

Got it. So you have no problem with dudes pretending to be women and invading womens safe spaces?

As so often, you totally miss the point!

Gold has reached record highs, silver is exploding. Over the past 3 months, gold 20% up, silver 120%, with more to come.

That's a measure of the trust in the USD, and bonds. Fiat currency BS, fuelled by paper printing.

Looks like rearranging the deck chairs on the Titanic to me.

3 minutes ago, JAG said:

As so often, you totally miss the point!

As often, you refuse to answer a question that destroys your philosophy

Some off topic posts and replies about men pretending to be women in women's locker rooms have been removed.

On 1/25/2026 at 12:42 AM, Alan Zweibel said:

So, you think the continued deregulation of banking is a good idea? That's always turned out well in the past.

Deregulation is not always a negative. It must be balanced by supervision, enforcement of the applicable laws and most importantly, by a requirement to maintain strict solvency ratios. If the regulatory agencies are stripped of personnel to enforce, if sanctions on wrongdoers are not applied, and solvency needs ignored, then yes there will be a catastrophic day of reckoning as we saw with the previous collapse of Fannie Mae/Freddie Mac, the Savings and Loan and the investment houses. I believe that the next financial meltdown will be much worse than the US has experienced because the backstops won't be there.

9 hours ago, Lacessit said:

Gold has reached record highs, silver is exploding. Over the past 3 months, gold 20% up, silver 120%, with more to come.

That's a measure of the trust in the USD, and bonds. Fiat currency BS, fuelled by paper printing.

Looks like rearranging the deck chairs on the Titanic to me.

Looks like a silver bubble

9 minutes ago, Harrisfan said:

Looks like a silver bubble

10 minutes ago, Harrisfan said:

Looks like a silver bubble

Strange the last time that happened there

was chaos in Iran ! 1979 .

2 minutes ago, Jim Blue said:

Strange the last time that happened there

was chaos in Iran ! 1979 .

History repeats

Silver is currently in a speculative bubble, according to multiple financial analysts and market observers, driven by a mix of narrative-driven demand, institutional positioning, and technical chart patterns.

• Market Surge: Silver prices have surged over 30% in just three weeks (January 2026), reaching $93.25–$94.75 per ounce, with some reports noting it briefly hit new all-time highs. This follows a fourfold increase over the past few years, fueling concerns of overvaluation.

• Bubble Indicators: The rally is characterized by parabolic gains, extreme overbought conditions (reaching levels not seen since the 1980s bubble), and speculative narratives centered on dollar debasement, AI-driven industrial demand, and silver as a "high-beta gold" hedge.

• Key Concerns:

  • Narrative Over Fundamentals: While silver has industrial uses (solar, EVs, data centers), analysts argue that current prices far exceed intrinsic value and are not justified by supply-demand fundamentals.

  • Micro-Bubble Pattern: The surge aligns with a broader trend of "micro-bubbles" since 2020 — similar to NFTs, meme stocks, and SPACs — where speculative fervor drives prices beyond rational valuation.

  • Risk of a Sharp Correction: Historical precedent (e.g., the 1980s Hunt brothers bubble) shows that such rallies can end abruptly, with silver losing over 75% of its value in a short period.

On 1/25/2026 at 12:39 PM, Yagoda said:

Oh my god a crash is coming. I thought that was supposed to happen last year because of tariffs and the big beautiful bill. Guess we'll keep waiting for the sky to fall

When the crash comes, you can always blame it on Biden, or Obama, or both

When the average Joe says buy gold and silver time to sell

11 hours ago, Yellowtail said:

Do you think working Americans care more about the S & P or the price of energy?

If they're from the same clique of blinkered and gormless MAGA idiots, probably not.