@erikjohnson56 Yeah, I don't see these companies going under anytime soon. They've got plenty of other revenue streams. But even big players can overpay when everyone is chasing the same thing.
@patmccormick I agree that risk-taking is what drives growth and creates value. I'm not against that at all. I just think the people taking those risks should also be the ones carrying the downside. That's where I draw the line.
@Aaron7887184251 I actually looked that up. Sanders voted against the Wall Street TARP bailout, though he did support the separate auto bailout. Those were two different votes. Either way, I don't think any industry should get a free pass when things go wrong.
@JM4LISD I see what you're getting at. Taking risks with private money is one thing, but expecting taxpayers to cover the losses is a different story. I think that should apply whether we're talking about banks, automakers or Big Tech.
@JASfinance2020 Fair point on the upside, but does abundance for all really happen if the same companies carrying $3 trillion in debt are the ones deciding who gets it?
@patmccormick You mention their tax revenue, but the post's $3 trillion AI debt gamble is the part I keep thinking about. Should taxpayers really be on the hook if it fails?
@kroebling3 Fair point on the banks, but the post is about AI debt, not autos. Should the no-bailout rule apply to any struggling company or just Big Tech?