{"id":38772,"date":"2026-06-25T13:43:22","date_gmt":"2026-06-25T13:43:22","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=38772"},"modified":"2026-06-25T10:41:00","modified_gmt":"2026-06-25T14:41:00","slug":"too-big-to-fail-banks-expose-contradictions-within-western-social","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/too-big-to-fail-banks-expose-contradictions-within-western-social\/","title":{"rendered":"too-big-to-fail banks expose contradictions within Western social.\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200bdemocracy"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div style=\"display: block\" class=\"\">\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family:\"><span style=\"font-family:\">\u2022&nbsp; Luke Gromen argues that the 2008 \u201csocialist bailouts\u201d of too-big-to-fail banks continue to drive political costs 18 years later, linking them to rising socialist appeal.<\/span><\/p>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family:\"><\/p>\n<\/div>\n<div style=\"display: block\" class=\"\"><\/div>\n<div style=\"display: block\" class=\"\">\n<div style=\"display: inline-block\" class=\"apple-rich-link\" role=\"link\" data-url=\"https:\/\/x.com\/lukegromen\/status\/2069741752584462513?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><a style=\"border-radius:10px;font-family:-apple-system, Helvetica, Arial, sans-serif;display:block;width:300px;overflow:hidden;text-decoration:none\" class=\"lp-rich-link\" rel=\"nofollow\" href=\"https:\/\/x.com\/lukegromen\/status\/2069741752584462513?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" dir=\"ltr\" role=\"button\"><\/p>\n<table style=\"border-collapse:collapse;width:300px;background-color:#EBF7FF;font-family:-apple-system, Helvetica, Arial, sans-serif\" class=\"lp-rich-link-emailBaseTable\" cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"300\">\n<tbody>\n<tr>\n<td>\n<div style=\"margin:10px 16px 0px 16px;color:#000000;font-weight:300;text-align:left;width:268px;font-size:11pt;overflow:hidden\" class=\"lp-rich-link-quotedText\">18 years after socialist bailouts for TBTF banks, the political bill for those bailouts continues to grow.     Hard to make the case \u201cthe bailouts saved the system\u201d and \u201csocialism never works\u201d without revealing some uncomfortable political truths about western social democracies.<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<table bgcolor=\"#EBF7FF\" cellpadding=\"0\" cellspacing=\"0\" width=\"300\" style=\"font-family:-apple-system, Helvetica, Arial, sans-serif\" class=\"lp-rich-link-captionBar\">\n<tbody>\n<tr>\n<td style=\"padding:6px 0px 6px 16px\" class=\"lp-rich-link-captionBar-leftIconItem\" width=\"25\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/lukegromen\/status\/2069741752584462513?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><img loading=\"lazy\" decoding=\"async\" style=\"display:inline-block;width:25px;height:25px;border-radius:3px\" width=\"25\" height=\"25\" class=\"lp-rich-link-captionBar-leftIcon\" alt=\"CHzzcMuI_200x200.jpg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/06\/CHzzcMuI_200x200.jpg\"><\/a><\/td>\n<td style=\"padding:8px 0px 8px 0px\" class=\"lp-rich-link-captionBar-textStackItem\">\n<div style=\"max-width:100%;margin:0px 16px 0px 10px;overflow:hidden\" class=\"lp-rich-link-captionBar-textStack\">\n<div style=\"font-weight:500;font-size:12px;overflow:hidden;text-align:left\" class=\"lp-rich-link-captionBar-textStack-topCaption-leading\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/lukegromen\/status\/2069741752584462513?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"text-decoration: none\"><font color=\"#000000\">Luke Gromen (@LukeGromen)  543 likes \u00b7 35 replies<\/font><\/a><\/div>\n<div style=\"font-weight:400;font-size:11px;overflow:hidden;text-align:left\" class=\"lp-rich-link-captionBar-textStack-bottomCaption-leading\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/lukegromen\/status\/2069741752584462513?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"text-decoration: none\"><font color=\"#A2A2A9\">x.com<\/font><\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<\/div>\n<p><\/div>\n<p><br id=\"lineBreakAtBeginningOfSignature\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span>WordPress\u2019d from my personal iPhone,&nbsp;<a href=\"tel:650-283-8008\" dir=\"ltr\">650-283-8008<\/a>, number that&nbsp;Steve Jobs texted me on<\/span><\/div>\n<div dir=\"ltr\"><span>About Socialism And<\/span><span style=\"font-family:\">&nbsp;\u201csocialist bailouts\u201d of too-big-to-fail banks&nbsp;<\/span><\/div>\n<div dir=\"ltr\">\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family:\"><span style=\"font-family:\">\u2022&nbsp; The post quotes Axios on a major socialist electoral victory in New York described as a \u201chuge defeat\u201d for Democrats and an \u201cearthquake\u201d shift.<\/span><\/p>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family:\"><span style=\"font-family:\">\u2022&nbsp; Gromen notes the challenge in claiming bailouts stabilized the system while rejecting socialism, exposing contradictions within Western social democracies.\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/span><\/p>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family:\"><span style=\"font-family:\"><br \/><\/span><\/p>\n<\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span>https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><span style=\"font-size: 13pt\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2022&nbsp; Luke Gromen argues that the 2008 \u201csocialist bailouts\u201d of too-big-to-fail banks continue to drive political costs 18 years later, linking them to rising socialist appeal. 18 years after socialist bailouts for TBTF banks, the political bill for those bailouts continues to grow. Hard to make the case \u201cthe bailouts saved the system\u201d and \u201csocialism [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38772","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=38772"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/38772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/38773"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=38772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=38772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=38772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}