The socialization of climate risk, upcoming:
-- Insurers exit markets
-- Homes go uninsured
-- Weather events hit homes
-- Home owners stop paying mortgages
-- Banks foreclose and lose billions
-- Banks start to fail
-- Fed and FDIC are overwhelmed
-- Taxpayers fund another bank bailout
Meanwhile, FSOC is going to be abolished by the GOP budget, and climate risk cannot be studied by anyone in the Federal government.
John Coates /
npub1my…qc8yr
2025-05-20 11:46:41
Author Public Key
npub1my783mqz0els7j5d3f8z0q8lqqy9t0esmv96euxfqszdu2tuqmjshqc8yrSeen on
wss://relay.nostr.bandPublished at
2025-05-20 11:46:41Event JSON
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