That little disclaimer your financial institution gives you that investing is risky and you may lose all your money? That only applies to the poors. When the rich and banks invest in bad businesses or loans, they can cry to the government that they’re about to lose everything and won’t Uncle Sam pretty please open up his wallet and give us a small loan of a few billion dollars.
I say let em go broke. We should have broken up the banks in 2008, fired the whole C suite of chase and all the other banks, and set up smaller banks that now know if they fuck up they’ll get dissolved. Instead we gave them a slap on the wrist and trillions of dollars to fix their own fuckup. This only taught them that they can continue to make massively risky investments with no downsides.
Investing is only a risk if you’re poor.
That little disclaimer your financial institution gives you that investing is risky and you may lose all your money? That only applies to the poors. When the rich and banks invest in bad businesses or loans, they can cry to the government that they’re about to lose everything and won’t Uncle Sam pretty please open up his wallet and give us a small loan of a few billion dollars.
I say let em go broke. We should have broken up the banks in 2008, fired the whole C suite of chase and all the other banks, and set up smaller banks that now know if they fuck up they’ll get dissolved. Instead we gave them a slap on the wrist and trillions of dollars to fix their own fuckup. This only taught them that they can continue to make massively risky investments with no downsides.