02.05.2023 - 21:43 [ Robert F. Kennedy Jr / Twitter ]

JP Morgan Chase now owns First Republic‘s sound assets. The FDIC owns its toxic assets. When big banks‘ gambles succeed, they profit. When they fail, we bail them out. Heads they win, tails you lose. #Kennedy24

Ultimately the problem stems from an over-financialized economy. Finance is supposed to serve production, not replace it. We need to reinvest in the productive base: infrastructure, labor, health, social, and natural capital. #Kennedy24