zlacker

>>g-mork+(OP)
From the Big Short (movie)

Jared Vennett (narration): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries."

"Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers."

>>eduard+tq
I feel like without adding some commentary with these quotes this comment lacks enough info to see how it relates to the linked article.

>>Fogest+Ku
Because this move is entirely financial engineering to hide losses just like the roll up of X in to xAI.

None of this has anything to do with business or innovation. Do you not immediately see that? Most of my friends reaction to this news was that this is so obvious it's almost funny (or actually it is funny, since most were laughing as they read the headline).

I'm curious how you could not understand the relevance of the quote unless you were aggressively trying to not understanding it.

>>crysta+pw
Hiding losses? From whom? He's the majority shareholder of both businesses. The combined company will go public and report on things like revenue, burn rate, etc. It's not financial engineering. It's a purchase.

Just say "rocket man bad" and save some keystrokes.