The Picard Maneuver@lemmy.worldM to memes@lemmy.world · 1 year agoEvery time I hear news from the tech industry latelylemmy.worldimagemessage-square89linkfedilinkarrow-up11.29K
arrow-up11.29KimageEvery time I hear news from the tech industry latelylemmy.worldThe Picard Maneuver@lemmy.worldM to memes@lemmy.world · 1 year agomessage-square89linkfedilink
minus-squareTja@programming.devlinkfedilinkarrow-up6·1 year agoSo you mean that banks are dumb and give away money for free and then just take the losses and repeat thr process?
minus-squarestarchylemming@lemmy.worldlinkfedilinkarrow-up15·1 year agoso think of your company as a horse you sell it to someone for a nice price thinking the other one wants to ride the horse just like you did. but they are actually a butcher and make horse sausage out of it.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·1 year agoThey’re not dumb; this is the “moral hazard” we were warned of during the 2008 GFC.
So you mean that banks are dumb and give away money for free and then just take the losses and repeat thr process?
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so think of your company as a horse
you sell it to someone for a nice price thinking the other one wants to ride the horse just like you did. but they are actually a butcher and make horse sausage out of it.
Yes and it hurts.
They’re not dumb; this is the “moral hazard” we were warned of during the 2008 GFC.