4 ms·
Bailouts.
by smellelderberry 13y ago
Bailouts.
- djur 13y agoBailouts, plus a regulatory apparatus making fraud and deception harder to get away with, plus criminal and civil liability for illegal financial activity. But what's the state good for anyway?
- smellelderberry 13y agoBy "civil liability," do you mean fining a company $10M for stealing $100B? And let's not pretend that bankers go to jail often.
- FedRegister 13y agoI'd support if you mean "death by hanging in the public square" by criminal liability for illegal financial activity. Make the corporation pay back every penny they got illegally, then hang the bastards high to set an example.
- logicchains 13y agoSo instead of the the people who knowingly took a risk in investing in a risky prospect suffering, taxpayers who took no such risks have to foot the bill instead? Great.
- smellelderberry 13y agoNo no no, I meant a bailout by Saint Satoshi. He will return on the 13th day after the fall of Gox to reimburse all its users.