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I don’t see how people would tolerate a government bailout of trillion dollar companies making a bad bet. That’s the game. If they want the reward, they have t
by al_borland 10mo ago
I don’t see how people would tolerate a government bailout of trillion dollar companies making a bad bet.
That’s the game. If they want the reward, they have to be ready to accept the loss when the risk doesn’t work in their favor.
If they were dumb enough to bet the entire company on it and they go out of business, oh well. Let them go under and make sure the CEO walks away with nothing. No golden parachutes for tanking a company due to unchecked greed. That would serve as a nice warning before the next overhyped bubble.
- rsynnott 10mo agoI mean ordinarily I’d agree, but Americans in particular seem willing to tolerate basically anything from their government right now, so who knows.