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"Too big to fail, but not too big to bail out" was what was learned after 2008. Why wouldn't tech want to get in on that graft?
by phone8675309 3y ago
"Too big to fail, but not too big to bail out" was what was learned after 2008. Why wouldn't tech want to get in on that graft?
- SenAnder 3y agoToo big to fail, but also not big enough to be broken up. If the government's priority was safeguarding the financial system, as soon as the crisis passed the big banks would be broken up to reduce risk if any one of them failed. That breaking them up wasn't even discussed in government or media shows how powerful their influence is.
- phone8675309 3y ago"It's a big club, and you ain't in it" - George Carlin