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A comment on Bill Hwang of Archegos Capital lost $20B in two days. Parent comment

Re:Bill Hwang of Archegos Capital lost $20B in two days by samstave on Wednesday May 12, 2021 @01:43PM (#27133056)
We talk about corporate welfare, but we never look at political welfare.

All these politicians profiting off of every transaction, insidertrading, zero accountability or transparency and zero fucking term limits.

The elephant in the data center is politicians and their grift.

[ Parent | on HN ]
Re:Bill Hwang of Archegos Capital lost $20B in two days by dnautics on Wednesday May 12, 2021 @01:56PM (#27133218)
Political welfare in the non-personal-profit sense is at least equally insidious. Possibly worse, because at least when a politician hides $70,000 in their freezer you can put a number on it and it's obviously shameful. A lot of political welfare is taking away from one group of people and giving to another group of people who were lucky enough to be under the auspices of someone more charismatic.
[ Parent | on HN ]