News for hackers. Stuff that matters.

A comment on Elon Musk moves to Texas. Parent comment

Re:Elon Musk moves to Texas by InitialLastName on Wednesday December 09, 2020 @12:32PM (#25361145)
As we've seen, when banks' habits of making bad loans catch up with them they tend to get bailed out by the federal government.
[ Parent | on HN ]
Re:Elon Musk moves to Texas by gradys on Wednesday December 09, 2020 @01:40PM (#25362238)
If you mean 2008, yeah, you're right, but those were mostly loans to relatively low income people buying homes, not loans against billionaires' unrealized capital gains.
[ Parent | on HN ]
Re:Elon Musk moves to Texas by sidlls on Wednesday December 09, 2020 @04:52PM (#25365753)
Those were mostly covering obligations in the huge CDS market that grew up around bad loans, not the loans themselves.
[ Parent | on HN ]