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What bothers me is how we bail out people like that 25 year old, which happens when the government tells banks not to foreclose. People take risks, and people
by johnrob 19y ago
What bothers me is how we bail out people like that 25 year old, which happens when the government tells banks not to foreclose. People take risks, and people get burned. Nobody understands that better than entrepreneurs. It's not like the government comes and gives your startup a bridge loan if you can't raise VC money.
- ashu 19y agoI think in this case, the 25 year old does get burnt - at least a little bit. The question at this moment really is: do we let the whole economy (other saner people who had nothing to do with this mess) suffer now that the plague is spreading, or provide some respite to the entire economy (and not care if, as a by-product, the 25 year old is bailed out a little bit.)