• limer@lemmy.ml
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    3 hours ago

    They are too big to not be bailed out; the loss absolutely will be a millstone around the budget for over a generation. This will cause a lot of suffering and make the rich richer and the majority of us much poorer

    • porous_grey_matter@lemmy.ml
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      2 hours ago

      They don’t have a viable business, bailing them out would be the real millstone around the neck of the economy, it would be a bottomless pit to throw money into.

    • cAUzapNEAGLb@lemmy.world
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      2 hours ago

      Nothing is too big to fail

      Is a balloon ever too big to pop?

      No, let it pop, let it burn, let it rot, and lets learn the lesson this time

      We must accept our consequences so that we can finally actually move foward

    • Boomer Humor Doomergod@lemmy.world
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      1 hour ago

      A forest needs fire to clear out undergrowth or the fire will be even bigger and more damaging next year.

      Markets are the same. Either we let them die now or we have even worse problems when they die later.

    • brucethemoose@lemmy.world
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      1 hour ago

      Doesn’t matter; they’re never going to be profitable. That’s not the direction the field is headed.

      So we can deal with it now. Or later, when things are worse.