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Its way too expensive. We bail out banks so the little people dont lose their shirts too. There's no equivalent in AI.
by Quarrelsome 1y ago
Its way too expensive. We bail out banks so the little people dont lose their shirts too. There's no equivalent in AI.
- anon191928 1y agoyou are missing the point, once AI companies goes down it will take down the sp500 too. so their retirement accounts will be affected.
- Quarrelsome 1y agoI think there's a bit of a difference between preventing a run on the banks and propping up the entire stock market for the sake of just a handful of companies that all have big enough pockets to fail.
- anon191928 1y agocovid crash and what they did in respond to market crash disagrees.
- Quarrelsome 1y agowhat are you referencing in particular?
- anon191928 1y agohttps://www.marketwatch.com/story/fed-saying-aggressive-action-is-needed-starts-unlimited-qe-2020-03-23 https://www.marketwatch.com/story/fed-saying-aggressive-acti... "unlimited QE"
- Quarrelsome 1y agosorry, wasn't that in response to a natural disaster? I don't see how we so easily sweep that into the same idea as "bail out".