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jestdotty678622hwell no
2008 is calling and isn't defunct at all. they made monies and still running around murdering people -
CoreFusionX361019hBut yeah, the whole GameStop debacle showed that it's a rigged system to have them always win.
While I'm not against the stock market, as it is a very valid way to fund companies, I'm really against all those intermediaries that win millions at essentially no risk because if they flop they will be bailed out. -
iiii956218h@CoreFusionX stock market seems valid but it's actually cancer by design. It by itself drives companies to be predatory and greedy.
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kiki3784911h@antigermanist bold of you to assume that too-big-to-fail companies in the US of A has any regard for the law and any consequences of breaking it
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@kiki yes but you can't have a bunch of paper just lying around. It's a hazard
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kiki378499h@antigermanist if it catches fire, no execs will be harmed, as they’re not there — they’re pounding 14 year old boys on their yachts.
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I heard a story about MS how they literally managed to change the law to prevent persecution for a crime, making them be practically "above the law" :)
the back of wall street is littered with stocks of defunct companies that were too big to fail.
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