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The banks know that all they need to do is become too big to fail. I.e. if I owe a thousand dollars it's my problem, if I owe a billion dollars it's the other g
by HPsquared 4y ago
The banks know that all they need to do is become too big to fail. I.e. if I owe a thousand dollars it's my problem, if I owe a billion dollars it's the other guy's problem.
- once_inc 4y agoIf you owe a billion dollars, it's everyone's problem.
- markus_zhang 4y agoThis almost leads to the conclusion that large corporations should be owned by the state.
- rqtwteye 4y agoOr that they shouldn’t exist.
- markus_zhang 4y agoTo make sure large corporations don't exist, we would need a strong government that is not controlled by large corporations, which almost sounds like ________
- HWR_14 4y agoA billion dollars is an absorbable loss by a lot of entities. Even winding it down, Meta is reported to have lost $4 billion in VR this quarter, Blue Origins is deficit funded by Bezos to the tune of 1 billion a quarter.