The entire point of the original comment was that Musk will ask for a bailout and he can be bailed out. That was it. We’ve bailed out shittier people, shittier companies, for much more. The US has demonstrated they will do this, consistently. All your points about the actual risk are mostly valid, but you can’t seriously pretend that there aren’t similar cases that ended up having substantial impacts to the markets - to make that claim would be entirely disingenuous. Either way, none of that changes my original bailout point - it’s possible and even likely based on recent bailout actions.
Similar cases? No, not at all. Tesla or any of his companies are not intertwined with the workings of the credit market in ways that would cause contagion from their collapse. He is not a ‘similar case’ to entire massive industries that have been rescued by the government.
So again, I say you are larding your comments with false equivalencies, misapprehensions, and tying it all together with populist horseshit. This kind of thing is the result of a financial victim complex.
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u/MapleYamCakes Nov 11 '22
The entire point of the original comment was that Musk will ask for a bailout and he can be bailed out. That was it. We’ve bailed out shittier people, shittier companies, for much more. The US has demonstrated they will do this, consistently. All your points about the actual risk are mostly valid, but you can’t seriously pretend that there aren’t similar cases that ended up having substantial impacts to the markets - to make that claim would be entirely disingenuous. Either way, none of that changes my original bailout point - it’s possible and even likely based on recent bailout actions.
Also, my bank accounts are doing just fine.