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A comment on Silicon Valley Bank paid out bonuses hours before seizure. Parent comment
Somehow, it's always unrealistic, and somehow, these scenarios always repeat.
> it's a tiny fraction of the money,
No, allowing people to steal is a moral hazard no matter how much money it is.
Suppose I steal a $1000 TV from WalMart, and use the argument that this is a tiny fraction of their profits. No one would buy that.
So why should we buy that when it's orders of magnitude more money?
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Somehow, it's always unrealistic, and somehow, these scenarios always repeat.
> it's a tiny fraction of the money,
No, allowing people to steal is a moral hazard no matter how much money it is.
Suppose I steal a $1000 TV from WalMart, and use the argument that this is a tiny fraction of their profits. No one would buy that.
So why should we buy that when it's orders of magnitude more money?