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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 endisneigh on Wednesday May 12, 2021 @02:33PM (#27133587)
Why not? Are they not bailed out indirectly?
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Re:Bill Hwang of Archegos Capital lost $20B in two days by eloff on Wednesday May 12, 2021 @03:00PM (#27133887)
No. That's not taxpayer money anymore.

If you buy a car at a dealership and they take that money and donate it to ISIS, did you just support terrorism? No, the dealer did. You only bought a car.

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Re:Bill Hwang of Archegos Capital lost $20B in two days by endisneigh on Wednesday May 12, 2021 @03:01PM (#27133906)
We'll have to agree to disagree on this one. Personally, if I give you a dollar and you give that dollar to someone else, I'd say that I had indirectly given the final person a dollar.
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Re:Bill Hwang of Archegos Capital lost $20B in two days by eloff on Wednesday May 12, 2021 @03:04PM (#27133931)
It's indirect. So that doesn't make it a bailout anymore.
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Re:Bill Hwang of Archegos Capital lost $20B in two days by endisneigh on Wednesday May 12, 2021 @03:06PM (#27133957)
That's not what bailout means...

The direct or indirectness of the money flow is unrelated to whether or not something is a bailout.

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Re:Bill Hwang of Archegos Capital lost $20B in two days by eloff on Wednesday May 12, 2021 @03:18PM (#27134090)
A bailout is a discrete event.

It happened, it's over. Citadel still exists as a company thanks to the AG bailout. That does not mean everything citadel ever buys is now a government bailout.

That's just silly.

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