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>I doubt there will be a crypto bailout as it seemingly didn’t get big enough to blow up anything outside itself If politicians wanted to make crypto bros whol
by fbdab103 4y ago
>I doubt there will be a crypto bailout as it seemingly didn’t get big enough to blow up anything outside itself
If politicians wanted to make crypto bros whole, I would lose my mind. I doubt I am the only one, and I would hope that would be scene as a political death sentence to endorse such a proposition.
- fortran77 4y agoSome California congresspeople wanted to bail out dot-com speculators during the 2000 crash, at least of their tax oblications: https://www.bizjournals.com/sanjose/stories/2001/07/30/daily48.html https://www.bizjournals.com/sanjose/stories/2001/07/30/daily... (I was opposed to this. I purposely didn't exercise stock options that I couldn't or wouldn't sell immediately because I knew about the tax liability. I don't believe the defense that someone who wants to speculate in stock options just didn't know about the taxes. People who wish to speculate with complicated forms of investors should be prepared to take all the risk.)