Jump in the discussion.

No email address required.

I'm going to bet that they'll get their "not a bailout", undeserved though it may be.

Jump in the discussion.

No email address required.

I know you know this but for anyone else reading, the "not a bailout" is actually literally a bailout, except for the VC funds' portfolio companies directly rather than the bank.

Jump in the discussion.

No email address required.

Yah. The story is that the companies giving money to the bank dindo nuthin' wrong by choosing the institution which had actively campaigned to be free of regulation, so they totes deserve to have taxpayers take the fall for their not-at-all-risky behaviour.

Folks on orange site are suggesting this could cost an average of $600 per household

Jump in the discussion.

No email address required.

I'm sure that every underpaid worker will love the idea of bailing out Silicon Valley wannabe billionaires whose motto is "break things and apologize later."

:#marseyguillotine:

Jump in the discussion.

No email address required.

Link copied to clipboard
Action successful!
Error, please refresh the page and try again.