Comment on Google CEO: If an AI bubble pops, no one is getting out clean
yarr@feddit.nl 5 days ago
Don’t worry, I’m sure there will be a huge government bailout that the people have no say in. Remember 2008? I don’t remember voting to give away piles of money to the bankers.
You know what Iceland did when there was suspicious investing and they had bank failures? They put the bankers in jail! What did we do? We gave them a bonus!
God bless America, because we’ll need it!
pyria@kbin.melroy.org 5 days ago
America is really bizarro world compared to other countries and how they handle things like this.
CaptPretentious@lemmy.world 5 days ago
Only if you con the poors. If you con someone who’s rich or “powerful”, then you get punished.
yarr@feddit.nl 5 days ago
It’s only bizarre until you realize this isn’t a failure of the system. This is a success for the people getting the payout. They have lobbied and deeply infiltrated the government. The US government doesn’t serve the citizenry anymore. It serves the rich and powerful. The rest of us are just useful as consumers to funnel money to the corporations.
Aceticon@lemmy.dbzer0.com 4 days ago
Nah, most of Europe did exactly the same thing as America last time around. Hell the EU went out of its way to make sure bankers didn’t lose money (how do you think Greek Debt which was entirely in private hands ended up in the hands of the EU, which then turned around and forced Austerity of Greece “to avoid losses of money of EU taxpayers”) - the Corruption was just as bad on this side of the pond as it was on the other.
Iceland stands out because they were almost unique in the West in making the bankers pay for their shenanigans.