Re:Joint Statement by the Department of the Treasury, Federa...
by huhneverthot on Sunday March 12, 2023 @07:16PM
(#35127931)
You've GOT to be kidding me.
If that's where the line is drawn, and those are the only two incongruent choices possible, then fuck me, I want crypto to destroy fiat and leave nothing standing.
But no, hey, it's fine. We explicitly say, over and over, it's fine to take obscene risks and it's fine for the capital owners to wipe their asses with our economy. Because the formula is simple, take money, over leevesge, get too big to fail, reap those profits until everything is so tied together than when the dominoes fall, eh the other banks will pick it up...
... And Totslly not pass that on to taxpayers. Yellen said so, right?!
If you have any doubt about this model, look at, oh idk, literally any executive of any non-trivial company, the fines leveraged against the company for (polluting openly, hiding test results, ignoring safety concerns and posioning a water table).
Serioulsly, why should we expect ANYTHING ELSE when there are countless clowns ready to excuse the system. God forbid you realize you're not gonna "win" capitalism at this point. Christ.
I can't. The discourse here is... Siccophantic. Sorry, if you're reading this, you're not likely to be an exploiter, might as well embrace some class solidarity while you can.
If that's where the line is drawn, and those are the only two incongruent choices possible, then fuck me, I want crypto to destroy fiat and leave nothing standing.
But no, hey, it's fine. We explicitly say, over and over, it's fine to take obscene risks and it's fine for the capital owners to wipe their asses with our economy. Because the formula is simple, take money, over leevesge, get too big to fail, reap those profits until everything is so tied together than when the dominoes fall, eh the other banks will pick it up...
... And Totslly not pass that on to taxpayers. Yellen said so, right?!
If you have any doubt about this model, look at, oh idk, literally any executive of any non-trivial company, the fines leveraged against the company for (polluting openly, hiding test results, ignoring safety concerns and posioning a water table).
Serioulsly, why should we expect ANYTHING ELSE when there are countless clowns ready to excuse the system. God forbid you realize you're not gonna "win" capitalism at this point. Christ.
I can't. The discourse here is... Siccophantic. Sorry, if you're reading this, you're not likely to be an exploiter, might as well embrace some class solidarity while you can.