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1. Adam F. Lawton (adam_cadmon1@mastodon.online)'s status on Tuesday, 29-Aug-2023 23:50:21 JST Adam F. Lawton

   Seems like banks fail a lot. A lot.

   • feld (feld@bikeshed.party)'s status on Tuesday, 29-Aug-2023 23:50:13 JST feld

     in reply to

     • anubis2814
     • Jeremy Wakeman
     Capitalism isn't the problem here. We should stop calling a broken system "capitalism" when it allows monopolies, allows these TBBF entities to exist which threaten the stability of the entire economy, and fights against regulatory enforcement. Those all need to be swiftly addressed for "capitalism" to be healthy.
     Disinformation Purveyor :verified_think: likes this.
   • Jeremy Wakeman (wakejagr@hachyderm.io)'s status on Tuesday, 29-Aug-2023 23:50:20 JST Jeremy Wakeman

     in reply to

     • anubis2814

     @anubis2814 @Adam_Cadmon1

     Too big to fail is too big. Once any commercial entity is too big to fail, it should be broken up into smaller chunks.

     Or, we could move to an alternative to capitalism. Just sayin' . . .

   • anubis2814 (anubis2814@friendica.myportal.social)'s status on Tuesday, 29-Aug-2023 23:50:21 JST anubis2814

     in reply to
     @Adam_Cadmon1 Why the "too big to fail" banks are so devastating. They fail just as much, we just have to constantly bail them out when they do.