this post was submitted on 02 Jun 2026
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[–] Rooster326@programming.dev 20 points 1 day ago* (last edited 1 day ago) (1 children)

We are already holding the bag.

They are "too big to fail"

It is the de way

[–] wewbull@feddit.uk 2 points 22 hours ago (1 children)

They're very much not. They have high valuations, but very few employees. Very different to the banks (where the public would lose money) and the car firms (who employed large numbers of workers)

[–] IndustryStandard@lemmy.world 2 points 22 hours ago (1 children)

Guess where the publics money is invested?

[–] wewbull@feddit.uk 1 points 22 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 22 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 22 hours ago

Read the thread. Already did that.