Comment by JumpCrisscross
16 hours ago
> bank runs
Anthropic, SpaceX and OpenAI are not banks. (Also, we had the largest bank runs in American history three years ago. The ordinary American barely noticed.)
16 hours ago
> bank runs
Anthropic, SpaceX and OpenAI are not banks. (Also, we had the largest bank runs in American history three years ago. The ordinary American barely noticed.)
They're not profitable either, so the money has to come from somewhere, no?
> the money has to come from somewhere, no?
Yes. Equity investors. The ones who buy hundreds of billions to trillions of dollars of American stocks a quarter.
And these equity-investors, do they use their own money to buy the (presumably non-voting) stocks?
Cause if that's the case, I see no reason for a government bailout should things go south. Nobody's pension would be affected by some private investor losing money on a bad investment.
But if that's not the case, then someone somewhere along the chain is acting as a bank, subject to a vibe-driven run.
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