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Here's the problem. When the little guy fails, there is no bailout. No 100% restoration of income/wealth. When the 1% fails, there is immediate push to bail th
by nine_zeros 6y ago
Here's the problem. When the little guy fails, there is no bailout. No 100% restoration of income/wealth.
When the 1% fails, there is immediate push to bail them out with > 100% of their losses.
If the reckless investors are allowed to fail equitably, there would be far fewer billionaires and far more people without $100k of debt.