Comment by motohagiography
3 days ago
the US treasury secretary was on calls about whether to bail hedge funds out of gamestop to prevent cascading financial system failures. arguably there is nothing that is too dumb to be written about finance. dont let anyone discourage you.
Various government agencies are on calls to bail out various players in the financial system all the time and will continue to be. That isn't dumb per se.
some things are about other things too. gamestop was peak dumb. nobody knows anything.
Any entity with a bunch of counterparties and large numbers who blows up will potentially be saved.
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