News for hackers. Stuff that matters.

A comment on Why Aren’t Any Bankers in Prison for Causing the Financial Crisis? (2016). Parent comment

Re:Why Aren’t Any Bankers in Prison for Causing the Financia... by MaxfordAndSons on Saturday December 16, 2017 @02:31PM (#15941400)
> In this scenario, the profit fed and the banks made are coming from today's and future investors.

I think you mean today's and future taxpaying workers, which, sure, some of whom are/will be retail investors. But retail investors are the subset of victims with the best relative outcome, because at least they have something invested.

[ Parent | on HN ]
Re:Why Aren’t Any Bankers in Prison for Causing the Financia... by analyst74 on Saturday December 16, 2017 @03:08PM (#15941697)
The impact on labour is difficult to predict, but most people will have invested in something, either a house, 401k, pensions, etc. Returns on those assets will be lower in the next cycle (I'm not predicting when it'll start), and that would impact people's ability to accumulate a nest egg for retirement.
[ Parent | on HN ]