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This is not the only candidate for a bailout. There's a potential for contagion here. https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potent
by resource0x 4y ago
This is not the only candidate for a bailout. There's a potential for contagion here.
https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa?mod=mw_quote_news https://www.marketwatch.com/story/20-banks-that-are-sitting-...
- ofchnofc 4y agoOh no! Anyway... I can't be the only one sitting here going, "okay, fine?". Do I want individual devs screwed? NO! Do I want to watch this same cycle of bailouts play out AGAIN benefiting the capital class AGAIN because god forbid they suffer from the shit-end of the capitalism stick? God forbid they have to tighten their laces and bootstrap and all the key-buzzword-unsympathetic crap? HELL NO. edit: Since 4 neutrally-scored comments over 5+ hours is too much for this amazing, awesome website, let me elaborate here, something I can't post elsewhere (maybe if I sucked up more and lamented the impending horrible sad boohoo-y times for VCs...): Why? Why do I try? Why do I try to build things of actual persistent value, instead of just building a big financial institution, tying it to others, and then just taking bigger and bigger risks knowing a bailout is "too-big-to-fail" inevitable? It's utter fucking insanity bred by a community of people that thought they were gonna have their shot on the other side of the see-saw.