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inevitable that this will turn into another taxpayer bailout, somehow
by junkscience2017 9y ago
inevitable that this will turn into another taxpayer bailout, somehow
- phkahler 9y agoThis makes me laugh and cry at the same time. Using tax dollars to bail out the big guys who bought derivatives based on a virtual currency would be such a cliche.
- WJW 9y agoFor all the complaining on HN about accredited investors, this is exacatly why they were invented in the first place: because there was too much speculative investment available to people who subsequently invested more than they could afford to lose. The big guys have the power to get a bailout but the small guys are the ones that starve to death because they can't.
- phkahler 9y agoThat's all backwards. The little guys are supposed to need the protection. The big guys are said to be smart enough to know what they're doing and not need protection.
- chii 9y agoAnd yet, it's the small guys's tax dollars bailing out. But the small guys's hardly net any of the profits if the big guys scheme succeeds.