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A comment on UK's elite hardware talent is being wasted. Parent comment

Re:UK's elite hardware talent is being wasted by ImHereToVote on Monday January 20, 2025 @12:43PM (#42771085)
That isn't what I mean. The moral hazard is caused by the bailouts. It isn't about the sum itself. Merely the guarantee that the tab for large gambling losses will be taken by the taxpayers.
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Re:UK's elite hardware talent is being wasted by rjsw on Monday January 20, 2025 @02:04PM (#42771894)
We should have shot a few bankers in 2008 to encourage the others.
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Re:UK's elite hardware talent is being wasted by immibis on Monday January 20, 2025 @02:54PM (#42772387)
How about one in 2024?
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Re:UK's elite hardware talent is being wasted by skywhopper on Monday January 20, 2025 @02:59PM (#42772436)
It’s 2025.
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Re:UK's elite hardware talent is being wasted by immibis on Tuesday January 21, 2025 @09:28AM (#42780450)
But the CEO was killed in 2024.
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Re:UK's elite hardware talent is being wasted by pipes on Monday January 20, 2025 @05:10PM (#42773688)
Quite a broad term "bankers". Who does that include?
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Re:UK's elite hardware talent is being wasted by pjc50 on Monday January 20, 2025 @05:35PM (#42773912)
- not gambling, mortgages

- not in the end a loss (banks taken into government ownership eventually sold for about the acquisition price

- bank shareholders lost their money

- you don't want to see everything turned into Northern Rock bank runs

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Re:UK's elite hardware talent is being wasted by ImHereToVote on Tuesday January 21, 2025 @04:33AM (#42778059)
The banks should have been nationalised.Iceland was able to solve they Monte Carlo GFC event without creating a moral hazard.
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Re:UK's elite hardware talent is being wasted by pjc50 on Tuesday January 21, 2025 @04:41AM (#42778104)
They DID nationalise the banks! https://researchbriefings.files.parliament.uk/documents/SN05...

They ended up with 100% of Northern Rock and Bradford and Bingley; 84% of RBS, and 43% of Lloyds.

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Re:UK's elite hardware talent is being wasted by ImHereToVote on Tuesday January 21, 2025 @05:52AM (#42778662)
Thanks for that info. Live and learn.
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Re:UK's elite hardware talent is being wasted by pjc50 on Tuesday January 21, 2025 @06:28AM (#42778966)
Thankyou for this comment. The GFC is a complicated subject; there WAS a lot of reprehensible behavior, but it's often not correctly identified because people like simple problems with clear villains.

The history of Anglo-Irish Bank is an even more interesting story; Sean Quinn is one of the few bankers who was actually jailed, even if only for a short time.

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