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Marcus Hutchins :verified:

Investors: "rich people deserve to be rich because they take risks by investing"
Government: *bails out bank's clients but not the investors*
Investors:

22 comments
Sriram Ramkrishna

@rgulick @malwaretech I think the problem is the resulting panic starts a tsunami - and if the person on the street don't make payroll or some other thing - they'll shoot first and ask questions later.

Sriram Ramkrishna

@rgulick @malwaretech
On the other hand, Greg Abbott keeps failing repeatedly but seems to manage to get reelected so maybe it will work!

Curioso πŸ‰ πŸ‡ΊπŸ‡¦ (jgg)

@malwaretech

Rich people take risks by investing because they have money they can take risks with.

What happens in Vegas, stays in Vegas, isn't it?

Zoe

@malwaretech anyone that say rich people "deserves" to be rich isn't serious. I don't mind people being rich, but I also don't see it as a problem if they lose money.

John Morgun

@ekg @malwaretech
I think one of the biggest fears of the rich is losing their wealth or a lot of it.

ceoln

@malwaretech
Yeah, I hate that argument. The only "risk" they take is that they might not be quite as wealthy as they might have been, or they might even in an extreme case have to get a real job, or embarrass themselves by going back to Mom and Dad for more money.

Wayne

@malwaretech only issue I have is that there are pension funds and other saving funds that invest in these doomed to fail schemes. The funds take massive bonuses when the scheme "increases in value" but it's the man on the street holding the can when the thing goes south.

Urzl

@malwaretech This is why I have a strict hierarchy in mind when the conversation about bankruptcy comes up.

Paid back/off in this order:
Customers
Non-executive employees
Other creditors
Shareholders
Executive employees

No bonuses or other compensation can be an exception. The people who explicitly took the risks should be the ones most likely to lose when things go South.

random thoughts

@malwaretech It won't last, the govs will cave in and rescue them too.

James M.

@malwaretech also, the only people who can invest in the first place are those who are already rich. The richer they are, the more exclusive investment opportunities they get, i.e. opportunities that are simply not available to anyone who's not extremely rich.

Baron Vonskinnback

@malwaretech rich people are only rich because they fixed the game, when that fails they always fall back on the very government they abuse, degrade, refuse to pay into & actually pay other people to constantly break the governments power down so they can hurt people & get richer through environmental destruction so they don't have to work too hard at making what they do, because working smarter & safer is a mugs game that cuts into the profit margins too much.

Joe Damiani

@malwaretech SOME rich people have earned their wealth others have been given wealth. Trump was gifted $400,000,000 by his corrupt/racist father before he was old enough to work, not to mention - take risks to become wealthy.

McNulla

@malwaretech
The employees share in the risks but are left out of the riches

Structure7780

@malwaretech this is how it should be the government should **never** bail out investors

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