So electing Democrats won’t stop this? Good to know.
Not going to stop the banks, at least not this time. It is too late for that because the GOP already removed the little protections they managed to put in place already. If they would pass Warren's banking regulation it would definitely help. We may not be able to " stop" it by electing Democrats, however, without giving them power, we will have no one preventing the lower and middle class from being crushed when this comes to a head again.
All you have to do is look at the COVID-19 relief bill being held up in congress right now to understand that. The big fight right now is this:
Democrats refuse to pass anything without help for the unemployed and the poor, Republicans refuse to pass anything with help for the unemployed and the poor.
That sums it up entirely. Without Democrats, we have no help for the poor at all, and it is a matter of life and death for all those at the bottom here. If you want ANY help for the unemployed and the poor, we only have ONE party willing to do that. Otherwise all of these things that the GOP is doing to inflict harm, like deregulating the banks, when they come to crush us all under their weight, at least the Democrats will fight to get help for the poor, otherwise we have none and the poor just die instead.
When our only options are :
A) Allow Republicans to be elected and let them maliciously remove all help for the poor and unemployed and people who need help that do not receive it will just die.
B) Allow Democrats to be elected and let them get what help for the poor they can manage to wrangle out. AT least we have someone trying to help and that is STILL better than no help at all, or even worse, the malicious actions Republicans are currently inflicting.
Ideally it wouldn't be a struggle between those trying to cause harm and those trying to get help, but sadly, that is what it is in the US. Hopefully if we can eventually get the current republicans out of office and remove their stranglehold acquired through mass disinformation, we will hopefully get to the point one day where we are arguing about the best way to help people rather than arguing over helping or hurting them at all. That hasn't happened yet, so it is what help we can mange to get or actively cause harm. Which is pretty much a no brainer. It takes everyone else banding together JUST to barely stop the republicans from being able to inflict harm, so if we fight amongst ourselves, the republicans get what they want and still win and still intentionally inflict harm. We have to change that power dynamic if we ever hope to change this. I was hoping it would get better once the Baby boomers were gone, but with the recent disinformation blitz going on, I am afraid they are recruiting all new generations of white nationalists to take their places.