Silicon Valley OG keeps it 100 on CNBC "The bailout is a scam"

Jean toomer

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Ok save some now with provisos to do the management unwind, clawbacks and corrections at a later date.

"Too big to fail" might be true of the massed companies but it is not true of the individuals who profit from them.
By what criteria do you save some though? The system is inherently flawed by lobbying and inside information. The US is no different than Russia or some kleptocracy in South America or Africa.
By the way strong post OP.
:salute:
 

Sauce Dab

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Yep...the Joe the Plumber types that vote against their current best interest believing in the future they'll be one of the wealthy :mjlol:
And a lot of people really believe they’ll be with the rich one day partying on yachts and it’s never going to happen. So they go their whole life voting against what’s best for them :unimpressed:
 

null

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By what criteria do you save some though? The system is inherently flawed by lobbying and inside information. The US is no different than Russia or some kleptocracy in South America or Africa.
By the way strong post OP.
:salute:

Using financial institutions as an example:

In 2008 in the USA only the really large IB's "had to be saved". Others merged. Many were bailed out. In the UK some were part nationalized.

Lehman Brothers for example just had to go.

You could use similar criteria to weed out and consolidate the market share of the smaller fish.

To bail them out without consequence in 2008, prop them up and allow profiteering since then and then bail them out again now (again without consequence) might annoy some people :hhh: .
 

bnew

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!00% agree . U.S economy will be ruined without main street spending. Canada will be giving it's citizens $2,000/per person a month for 4 months. That should cover the majority of peoples rent/mortgage & food . etc. canada's economy will recover much more quickly just because of this.
 

G.O.A.T Squad Spokesman

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And a lot of people really believe they’ll be with the rich one day partying on yachts and it’s never going to happen. So they go their whole life voting against what’s best for them :unimpressed:
Why vote for people that will give your kids free college tuition right now when you can vote in hopes that one day hopefully you'll be rich enough to send your grandkids kids to Harvard...even tho the liklihood of that happening is less than 0.003% :skip:
 

desjardins

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"Too Big to Fail" we have been talking/knowing about this for over a DECADE
Just like the tax breaks these measures don't trickle down, it's a bail out to the holders of capital and since a ton of americans don't even have $400 for an emergency it ain't them.
At this point it's pretty much nothing we can do, people like Bernie Sanders tried for the last 4 years to spell this out for people in plain english (AFTER hella people already spelled it out after 2008) and "liberals" soundly reacted the ideas at the polls. Conservatives obviously love being the serf class so if the other side ain't willing to fight for some balance then it's hopeless imo.
The american people WANT to be owned by the elite. They literally argue that they just want things "to go back to what they were" (c) Biden. Idiots want to save an economy they don't even profit from. fukk em.
 
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