3 ms·
It's going to be 2008 bailouts again, but much worse. These companies are doing all sorts of round tripping on top of propping up the economy on a foundation o
by thewebguyd 1y ago
It's going to be 2008 bailouts again, but much worse.
These companies are doing all sorts of round tripping on top of propping up the economy on a foundation of fake revenue on purpose so that when it does some crumbling down they can go cry to the feds "help! we are far too big to fail, the fate of the nation depends on us getting bailed out at taxpayer expense."
- chasd00 1y agoI feel like writing that down somewhere because that's pretty close to how the bailout will be pitched. "If you don't bail us out then our adversaries will get to AGI first and it will be game over". Very clever of them.