this post was submitted on 05 Aug 2023
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It’s not like they’re going to go broke. They’ll just lose some millions over the vast gains made with bad behavior, get bailed out with tax money from the little people, and do it again in 10-20 years after regulators retire or get replaced with ones sympathetic to business.
Lol you think they're gonna lose money? They'll take full advantage of a recession to buy stocks and properties at a discount and sell it in 2035ish for a fortune.
They will lose some money, with the consequences of a recession, only to gain it back through corporate welfare and a return to business as usual as the recession ends.