Re:Three Arrows Capital has defaulted on a loan worth more t...
by wjko21 on Monday June 27, 2022 @01:25PM
(#31897762)
I think the reason is that safety nets our system provides to big businesses (especially "too big to fail" ones) incentivizes them to take risks. If you have a 50/50 chance to strike gold or loose tons of someone else's money, why not take it. If it pans out, you get a lot of bonus $$$, if it doesn't - it's no skin off your back.
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Re:Three Arrows Capital has defaulted on a loan worth more t...
by gopher_space on Monday June 27, 2022 @04:00PM
(#31899976)
I see this in my industry. Above a certain level there isn’t really a failure state that matters to an individual.