• OberonSwanson@sh.itjust.works
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    1 month ago

    Of course it is, it’s essentially a scam. They just need enough humans to keep investing until they check out and run with a bailout.

    • DeckPacker@piefed.social
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      1 month ago

      Funny thing is, the US government doesn’t even have nearly enough money to bail all these mfa out. So we are heading into uncharted territory here

      • OberonSwanson@sh.itjust.works
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        1 month ago

        Of course they don’t, that’s why they’re building bunkers. Thinking it’ll slow us down, as we’ll open their bunkers like cans of tuna. A bunker only works for so long, then the survivors start hunting for them like delicious shipwrecks.

      • Arghblarg@lemmy.ca
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        1 month ago

        And that’s why they’re trying underhanded tactics to inflate earnings and IPO directly into the index funds, so every American’s 401K will legally have to rebalance and invest in them. They’re racing to fleece retirement funds before the bubble bursts.

        Not financial advice, of course :p but people should really consider getting their stuff out and into self-directed funds or whatever it is US people do to not depend on auto-allocated funds.

    • Yliaster@lemmy.world
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      1 month ago

      I don’t get why companies get to legally bailout like this. Why do people have to suffer for their bullshit? Enslave the CEOs if you have to make things right, leave the people out of it.

      • Shellofbiomatter@lemmus.org
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        1 month ago

        That’s simple, because the people making laws and overseeing the adherence to those laws are great buddies with those same CEOs.

        So, corruption.

        Though i do agree with you, there is no such thing as too big to fail. Government shouldn’t have any handouts to corporations.

        • Yliaster@lemmy.world
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          1 month ago

          These levels of corruption are frustrating; money shouldn’t decide the law.

          No handouts to corporations, indeed. Make them pay.