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Welcome to capitalism! The billionaires always eat first. And don't you forget it.

• aaronbrethorst 4y ago
  The billionaires always eat first And possibly second and even third, depending on liquidation preference terms.
• prepend 4y ago
  Actually bond holders eat first in US bankruptcy law. Then employees, and shareholders last. So in this case, under capitalism, billionaire investors eat last. [0] [0] https://www.investopedia.com/ask/answers/09/corporate-liquidation-unpaid-taxes-wages.asp https://www.investopedia.com/ask/answers/09/corporate-liquid...
  • nieve 4y ago
    If you're suggesting billionaire investors are never bond holders I'm confused where you got that impression.
• nmfisher 4y ago
  Pithy, but also not true. If a bank goes belly up, your average Joe’s bank account is first in line (via deposit insurance), as are employee entitlements. Coinbase is most decidedly not a bank, which is why the former doesn’t apply.