Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Editorials & Other Articles

3Hotdogs

(13,706 posts)

5. IF its big enough to endanger the economy, it will be bailed out.

Reply to TheFarseer (Reply #4)

Mon Jun 20, 2022, 06:37 AM

Jun 2022

That's why Henry Paulson called the emergency meeting of Wall Street Banks to bail out the Greenwich Ct. hedge fund ( I don't recall the name) when they went belly up.

But it's only your tax money. So don't worry. Glass-Seigel might have prevented that but it was dismantled.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

8 replies

= new reply since forum marked as read

Highlight:

The Crypto Crash: all Ponzi schemes topple eventually [View all] PSPS Jun 2022 OP

There is no inherent reason crypto currency should be dominated by Ponzi schemes. That's just greedy Martin68 Jun 2022 #1

Agree. 3Hotdogs Jun 2022 #2

Yes. Exactly. Cryptocurrency, risky mortgage bundles, questionable mortgage schemes, Silicon Valley Martin68 Jun 2022 #3

Please tell me there's no chance of a bailout here. TheFarseer Jun 2022 #4

IF its big enough to endanger the economy, it will be bailed out. 3Hotdogs Jun 2022 #5

What's next? Pyramid scheme bailouts? Yo_Mama_Been_Loggin Jun 2022 #7

This is why pure capitalism is such a joke. Bucky Jun 2022 #8

this isnt the first time bitcoin has crashed moonshinegnomie Jun 2022 #6