this post was submitted on 02 Jun 2026
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[–] IndustryStandard@lemmy.world 2 points 10 hours ago (1 children)

Guess where the publics money is invested?

[–] wewbull@feddit.uk 1 points 10 hours ago (1 children)

Pensions and other investments, yes.

Not current accounts which was what was at risk in 2008. When the bank goes bust you don't just lose money. You become unable to do anything financial, like get paid.

[–] Rooster326@programming.dev 3 points 9 hours ago (1 children)

We didn't just bail the banks in 2008.

Now do the US Auto Makers.

Who are still making terrible decisions

[–] wewbull@feddit.uk 1 points 9 hours ago

Read the thread. Already did that.