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> It's rather unfair to compare them to the Wall Street firms who profited and spent lavishly and then demanded that taxpayers pick up the bill Tesla Motors to
by qq66 13y ago
> It's rather unfair to compare them to the Wall Street firms who profited and spent lavishly and then demanded that taxpayers pick up the bill
Tesla Motors took a big loan from the government. It worked out, but it may not have. Technology companies do socialize their losses: cf. Solyndra.
- cududa 13y agoBull. Can you name 5 tech companies off the top of your head who "socialize their losses"? Few non-tech off the top of my head: Fannie Mae BofA Goldman Sachs GM Chrysler Wells Fargo Morgan Stanley
- qq66 13y agoWhether a company sticks it to the taxpayers depends more on their need and ability to do so, rather than the ethical purity of the industry. Since technology companies have been doing well, and few of them would be bailed out by the government, few have done so. Those who have had the opportunity (Tesla, Solyndra) to shift risk onto taxpayers have done so, as well as automakers. The interesting question isn't why so many financial companies socialized their losses -- many companies would do so if given the chance. The interesting question is whether the federal government should have bailed them out or not. It's not clear-cut in either direction.